President of the Northampton Bank v. Allen
Massachusetts Supreme Judicial Court
Assumpsit by thé plaintiffs, as endorsees, against the defendant, as endorser of a promissory note given by Matthew Coffin, dated June 10, 1809, for 7000 dollars, payable to the defendant, or his order, at the Northampton Bank, in six months from the date, “ in the notes of said bank, or such other bank notes as are received at said bank at that time without a discount,” and by the defendant endorsed to the plaintiffs.
Read the full summary
Assumpsit by thé plaintiffs, as endorsees, against the defendant, as endorser of a promissory note given by Matthew Coffin, dated June 10, 1809, for 7000 dollars, payable to the defendant, or his order, at the Northampton Bank, in six months from the date, “ in the notes of said bank, or such other bank notes as are received at said bank at that time without a discount,” and by the defendant endorsed to the plaintiffs. The general issue being joined, the same was tried April term, 1811, before the late Judge Sedgwick, and a verdict taken for the plaintiffs, subject to the opinion of the Court…
1Per curiam
The arrangements made by the plaintiffs, in order to secure themselves against what is commonly called a run upon them, they had a right to make. This was not such a use of their moneys and effects as is prohibited by their act of incorporation; nor was the contract usurious, (a) Judgment on the verdicL
*286ADDITIONAL NOTE.
■ [See, as to usury, State, &c., vs. Hunter, 1 Dev. 100.—Nashville, &c., vs. Hays, 1 Yerg. 243. — Lawrence vs. Morrison, 1 Yerg. 444.— The President, &c., vs. Ozoens, 2 Pet. 527.
The giving of a certificate of deposit payable in futuro, does not avoid a bill of exchange…
2Cases cited8 opinions
- President of the Bank of the United States v. OwensSupreme Court of the United States · 1829
- Jones v. FalesMassachusetts Supreme Judicial Court · 1808
- President of Springfield Bank v. MerrickMassachusetts Supreme Judicial Court · 1817
- Coolidge v. RugglesMassachusetts Supreme Judicial Court · 1819
- Kelly v. BeersMassachusetts Supreme Judicial Court · 1815
3 more not listed; retrieve them via the Exa API.
3Cited by4 opinions
- Bank of Chenango v. CurtissNew York Supreme Court · 1822
- Bartlett v. WilliamsMassachusetts Supreme Judicial Court · 1823
- Bank of Orleans v. CurtisMassachusetts Supreme Judicial Court · 1846
- Pumeroy v. BruceSupreme Court of Pennsylvania · 1825