McPherson National Bank v. Velde
Appellate Court of Illinois
Memorandum.—Action of appeal from a judgment rendered by the Circuit Court of Tazewell County; the Hon. Nathaniel W. Green, Circuit Judge, presiding. Heard in this court at the November term, A. D. 1892.
1Opinion of the Court
Opinion of tiie Court,
Wall, J.
On the 21st of February, 1891, B. S. Bonney, of McPherson, Kan., made and delivered bis promissory note to the appellees by which he promised to pay to them, by their linn name of “Pekin Plow Co.” the sum of 8381.72 on the 1st of' August following. Before maturity the appellee placed the following indorsement on the note: “ For value received * * * guarantee the payment of tiie within note at maturity. Pelriu Plow Co.,” and discounted the note with Teis, Omith «te Co., bankers of Pekin, Ill. These bankers then sent the note to the appellant bank with the foil* mg…
2Cases cited1 opinion
- Childs v. DavidsonIllinois Supreme Court · 1865