Hobson v. Hassett

Belcher, C. C.

This action was brought to recover the amount due on a promissory note which reads as follows:—

“September 7, 1881. “$1,135. One day after date, without grace, we promise to pay A. D. Hobson or order the sum of eleven hundred and thirty-five dollars, payable only in gold coin of the government of the United States, for value received, with interest thereon in like gold coin, at the rate of ten per cent per year from date until paid. “A. Hassett, President.”

The court below found that prior to the year 1878, the Grangers’ Business Association of Healdsburg was duly organized as a…