Carley v. Graves

Graves was appointed receiver of *484the Ingalls, White Bapids & Northern Bailway Company, a corporation organized under the laws of Michigan, operating a logging railway in Menominee county. J. H. Kiel was treasurer of the corporation before it went into the hands of the receiver.

In January, 1888, William A. Carley sold to one William Stannard a team of horses for $200, and took a promissory note therefor, of which the following is a copy:

“$200. Menominee, Mich., January 19, 1888.

“Ninety days after date, for value received, I promise to pay .to Ingalls, White Bapids & Northern Bail way Company,…