Osgood v. Thompson Bank
Supreme Court of Connecticut
Bill in equity, to obtain the benefit of certain real estate security held by the principal respondents. The facts, which were found by the court, were as follows :— Prior to 1854 Albert Puller & Go., of St. Paul, in the territory of Minnesota, were indebted to Samuel P. Morse, of Boston, for money advanced, in the sum of $5,000, and as security therefor conveyed to him by an absolute deed the land described in the petition.
Read the full summary
Bill in equity, to obtain the benefit of certain real estate security held by the principal respondents. The facts, which were found by the court, were as follows :— Prior to 1854 Albert Puller & Go., of St. Paul, in the territory of Minnesota, were indebted to Samuel P. Morse, of Boston, for money advanced, in the sum of $5,000, and as security therefor conveyed to him by an absolute deed the land described in the petition. Morse held the land until the 7th of October, 1854, when the Pullers entered into an arrangement with Joseph B. Gay, of Thompson in this state, by which he agreed to…
1Opinion of the CourtEllsworth, J.
After examining this case with care, we are well satisfied that the petitioner can take nothing by his bill.
The land in question, situated in Minnesota, was originally conveyed by Albert Fuller & Co. to Samuel F. Morse of Boston, by an absolute deed, in order to secure him to the amount of five thousand dollars for money advanced them; the condition being in parol. After this the grantors, wishing to obtain larger advances, arranged with Joseph B. Gay, (who was then the cashier of the Thompson Bank,) for such advances, and Gay made them from time to time by his acceptances to the extent of…
2Cited by1 opinion
- Gregory v. SavageSupreme Court of Connecticut · 1864