Allegheny College v. National Chautauqua County Bank of Jamestown

Cardozo, Ch. J.

The plaintiff, Allegheny College, is an institution of liberal learning at Meadville, Pennsylvania. In June 1921, a “ drive ” was in progress to secure for it an additional endowment of $1,250,000. An appeal to contribute to this fund was made to Mary Y ates Johnston of Jamestown, New York. In response thereto, she signed and delivered on June 15, 1921, the following writing:

“ Estate Pledge,

Allegheny College Second Century Endowment “ Jamestown, N. Y., June 15, 1921.

“ In consideration of my interest in Christian Education, and in consideration of others subscribing, I hereby…