Leggett v. Bank of Sing Sing
New York Supreme Court
APPEAL, by the defendant, from a judgment entered upon the report of a referee. William E. Leggett, brother of the plaintiff, was one of the original subscribers to the articles of association of the Bank of Sing Sing, owned twenty shares of its stock, and in January 1854, was a director of the bank. At that time he was indorser on the notes of one Thompson, for about $4000, which were discounted by said bank.
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APPEAL, by the defendant, from a judgment entered upon the report of a referee. William E. Leggett, brother of the plaintiff, was one of the original subscribers to the articles of association of the Bank of Sing Sing, owned twenty shares of its stock, and in January 1854, was a director of the bank. At that time he was indorser on the notes of one Thompson, for about $4000, which were discounted by said bank. Thompson died before these notes became due, leaving Leggett his executor. These notes were afterwards protested for non-payment, and Leggett from time to time paid them off, giving his…
1Opinion of the Court
By the Court, Clerke, J.
According to the referee’s statement of facts, which seems to be correct, one James Thompson, in his lifetime, had certain promissory notes discounted for him by the defendants. These notes were indorsed by William E. Leggett, a stockholder of the bank. Thompson died, leaving them unpaid ; and William E. Leggett was appointed his executor, who from time to time reduced the amount of the notes by payments, having taken up the note of his testator and substituted his own. On the 9th April, 1855, some time after the death of Thompson, there remained due, on account of the…
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