Holmes v. Bemis
Illinois Supreme Court
Appeal from the Appellate Court for the First District;— heard in that court on writ of error to the Superior Court of Cook county; the Hon. J. P. Altg-eld, Judge, presiding.
1Opinion of the CourtJustice Mulkey
On or about the 18th of April, 1885, Avery, Hillabrant & Co. discounted for Ira Holmes his promissory note for $5000, which was guaranteed by Henry Y. Bemis. Of the proceeds of the note, $2101.25 was applied to the payment of an existing indebtedness from Holmes to Avery, Hillabrant & Co., $1648.75 was placed to his credit with them on the joint account of Holmes and Bemis, and the remaining $1250 was paid to Holmes in cash. At the time of this transaction, and as . part of the same, Holmes assigned and turned over to Avery, Hillabrant & Co., as collateral security for the payment of the…
2Cited by4 opinions
- Smith v. VernonAppellate Court of Illinois · 1972
- Rasmussen v. HaglerNorth Dakota Supreme Court · 1906
- Richmond v. BrandtAppellate Court of Illinois · 1905
- Hester v. FrinkMissouri Court of Appeals · 1915