Wells v. Chapman
New York Supreme Court
In Equity.] This was an appeal by the defendants from a decree of the late assistant vice chancellor of the first circuit. The facts, as well as the points decided, are fully stated in the report of the case before the court below. (4 Sandf. Ch. 313.)
1Opinion of the CourtBy the Courts Roosevelt, J.
In the year 1814, Samuel Slee of Poughkeepsie, whose name has so often appeared in the legal annals of this state, was the owner of a cotton factory and a farm adjacent in the county of Dutchess. On the 25th of October, 1814, he mortgaged the premises, for $12,000 to the Washington Insurance Company, who, on the 4th of June, 1823, obtained a decree of foreclosure and sale, to satisfy the principal and interest then due, exceeding $15,000. This decree, on the 4th of October, in the same year, was assigned to the Life and Eire Insurance Company—a corporation, whose name has also borne a…
2Cases cited2 opinions
- De Wolf v. JohnsonSupreme Court of the United States · 1825
- Pearsall v. KingslandNew York Court of Chancery · 1838
3Cited by1 opinion
- O'Neil v. ClevelandSupreme Court of New Jersey · 1878