Brine v. Insurance Co.
Supreme Court of the United States
Appeal from the Circuit Court of the United States for tbe Northern District of Illinois. This suit began by á bill in chancery, filed in the Circuit Court of the United States for the Northern District of Illinois, by the Hartford Fire Insurance Company, to foreclose a mortgage, in the form of a deed of trust, on a lot in Chicago.
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Appeal from the Circuit Court of the United States for tbe Northern District of Illinois. This suit began by á bill in chancery, filed in the Circuit Court of the United States for the Northern District of Illinois, by the Hartford Fire Insurance Company, to foreclose a mortgage, in the form of a deed of trust, on a lot in Chicago. The deed was signed by Bartalott and Barbier, and their wives, and conveyed the’lot to Benjamin E. Gallup, in trust to secure the payment of $7,000, loaned to them by the. company, and the interest thereon as it fell due. The lot, the title whereto .was in the…
1Opinion of the CourtJustice Miller
We will notice the errors assigned in their order.
- 1. The' money borrowed of the insurance company was evidenced by a bond for the principal sum of $7,000, and the semi-annual interest by coupons attached to said bond; and the court allowed interest on such of- these coupons as were due and unpaid; and this is asserted to be error. We have' decided more than once in this court that siich instruments are so far distinct contracts for the payment of money, that when they. beeome • due they bear interest,- and may be sued on separately from the bond. Cromwell v. County of Sac, supra, p. 51.
2.…
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