Bell v. First Nat. Bank of Chicago
Supreme Court of the United States
IN ERROR TO THE CIRCUIT COURT OF THE UNITED STATES FOR THE NORTHERN DISTRICT OF ILLINOIS. This suit was brought in the Circuit Court of the United States for the Northern District of Illinois, by the First National Bank of Chicago, as indorsee, against the plaintiffs in error, copartners under the name of Humphrey Bell & Co., as the drawers of three bills of exchange.
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IN ERROR TO THE CIRCUIT COURT OF THE UNITED STATES FOR THE NORTHERN DISTRICT OF ILLINOIS. This suit was brought in the Circuit Court of the United States for the Northern District of Illinois, by the First National Bank of Chicago, as indorsee, against the plaintiffs in error, copartners under the name of Humphrey Bell & Co., as the drawers of three bills of exchange. One was in this form: “Exchange for £850.0.0. Canton, III., March 4th, 1878. Sixty days after sight of this first of exchange (second and. third unpaid) pay to the order of ourselves, in London, eight hundred and fifty pounds,…
1Opinion of the CourtJustice Blatchford
He stated the facts in the language above reported, and continued :
It is contended for the plaintiffs in error, that the bills were prematurely protested, and the drawers were thereby discharged, because it does not appear that three days of grace were allowed, and that the court erred in ruling otherwise.
It was said by Chief Justice Marshall, in delivering the opinion of this court, in 1828, in Bank of Washington v. Triplett, 1 Pet. 25, 31: “ The allowance of days of grace is a usage which pervades the whole commercial world. It is now uni versally understood to enter into every bill or note…
2Cases cited3 opinions
- PRESIDENT AND DIRECTORS OF THE BANK OF WASHINGTON v. Triplett & NealeSupreme Court of the United States · 1828
- Griffin v. GoffNew York Supreme Court · 1815
- Cook v. RenickIllinois Supreme Court · 1858
3Cited by4 opinions
- Christoffel v. United StatesCourt of Appeals for the D.C. Circuit · 1952
- Union Central Life Insurance v. JensenMontana Supreme Court · 1925
- Wheatstone Ceramics Corp. v. TurnerOhio Court of Appeals · 1986
- Long v. AlderTennessee Supreme Court · 1935