Court of Appeals for the Seventh Circuit February 12, 1902, No. 828 (Stites v. Dunnahoo)

SEAMAN, District Judge,

after the foregoing statement, delivered the opinion of the court.

The proof is undisputed that the mortgage in question was made and accepted to secure a present loan by the appellant to the corporation of $12,500, and that previous to the negotiations for the loan no transactions had taken place and no acquaintance existed between the principals; but the validity of the