Hansbrough v. Peck

72 U.S. 497 (____)

5 Wall. 497

HANSBROUGH

v.

PECK.

Supreme Court of United States.

Mr. Thomas Hoyne, for the appellee and in support of the decree.

Mr. Arrington, contra.

It will be seen from the facts in this case that the plaintiffs were in default on account of the non-payment of the interest for more than a year, and also that the principal fell due a few days after the filing of the bill in chancery in the State court, on account of this default in the payments. The contract was a very stringent one. Time was, in terms, made the essence of it, in respect to the payments; and, further, in case of…