Stamford Bank v. Benedict
Supreme Court of Connecticut
This was a bill in chancery for a foreclosure. At different times on and between the 11th of December, 1835, and the 9th of November, 1836, Jesse Whiting made three promissory notes, and Whiting <$f Peck (a firm consisting of Jesse Whiting and Wilson Peck) made one, amounting to 1115 dollars, which were payable to, and indorsed by, the defendant, and discounted by The Stamford Bank, for the accommodation of the makers.
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This was a bill in chancery for a foreclosure. At different times on and between the 11th of December, 1835, and the 9th of November, 1836, Jesse Whiting made three promissory notes, and Whiting <$f Peck (a firm consisting of Jesse Whiting and Wilson Peck) made one, amounting to 1115 dollars, which were payable to, and indorsed by, the defendant, and discounted by The Stamford Bank, for the accommodation of the makers. When the notes became due, the makers failed to pay them, and the defendant was duly charged as indorser. To secure these and sundry other notes, on which Wrhiting was liable,…
1Opinion of the CourtChurch, J.
The facts in this case appearing upon the report of the committee, so far as necessary to a correct understanding of the principles involved in it, are, — that Jesse Whiting and Whiting Peck were indebted to the Stum-*442ford Bank in four promissory notes, indorsed by the defend- , r , , „ lor the accommodation of Whiling and Whiting op Peck; that the defendant became liable to the bank, as in-dorser, and afterwards, on the 4th of May, 1837, he executed to the bank a mortgage of the land described in this bill, as security for the payment of the four notes indorsed by him ; that the said Jesse…
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