Chicago Fire & Marine Insurance v. Keiron
Illinois Supreme Court
This was an action of assumpsit upon an instrument commonly called a certificate of deposit, which is set out in the record, as follows: “ No. 10, 773. State of Illinois, “ Chicago Marine and Fire Insurance Company, Chicago, April 23, 1861. “John Woollacott, Esq., has deposited in this office three hundred dollars, Illinois currency, payable in like funds to his order, on return of this certificate. “ §300. _ HAMILTON B. DOX, Secretary. “Registered.
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This was an action of assumpsit upon an instrument commonly called a certificate of deposit, which is set out in the record, as follows: “ No. 10, 773. State of Illinois, “ Chicago Marine and Fire Insurance Company, Chicago, April 23, 1861. “John Woollacott, Esq., has deposited in this office three hundred dollars, Illinois currency, payable in like funds to his order, on return of this certificate. “ §300. _ HAMILTON B. DOX, Secretary. “Registered. SAMUEL S. ROGERS, Assistant Secretary.” “ Eugene 0. Long.” On said certificate were the following indorsements: “ Pay Margaret M. Keiron, or…
1Opinion of the CourtWalker, J.
The certificate of deposit, upon which this suit was instituted, was for Illinois currency, and payable in like funds. This presents the question, as to the meaning of the term “Illinois currency.” Is it the paper of the free banks of Illinois, or any bank paper used for, and answering all the purposes of the constitutional coin of the country? Is it that bank paper used in buying and selling the various commodities of trade, and in the payment of debts by the business community specified? The legal definition is, “bank notes, or other paper money, issued by authority, and which are…
2Cited by1 opinion
- Osgood v. McConnellIllinois Supreme Court · 1863