Chicago, Rock Island & Pacific R. R. v. Kennedy

It appears that William Kennedy, the ancestor of appellees, and his wife, on the 15th of June, 1854, made a trust deed, conveying about sixty acres of land adjoining the city of Chicago, to Hugh T. Dickey, to secure the sum of $5000 and interest, due to Francis G. Blanchard in three years from that date. The interest was payable semi-annually. The deed contained a full power to sell, by the trustee, in case of default in making the payments.

The interest was regularly paid until the maturity of the principal, by the sons of the grantor, who had died intestate on the 24th of July, 1854. He left…