Whitney v. Chadsey

This is an action to recover from defendant on 12 promissory notes given by the Cedar-edge Orchard Company and indorsed by defendant and other directors of that company. Defendant successfully defended in the trial court on the ground that he had received no notice of the presentment and dishonor of the notes by the company. In 1908 defendant was connected with the public schools of Denver. He and a few friends organized the Cedaredge corporation with an authorized capital of $50,000 to promote a fruit orchard on the western slope of the Rocky Mountains. They purchased a tract of land for *606$20,…