Germania Bank of New York v. La Follette
U.S. Circuit Court for the District of Southern New York
This is an action on a promissory note against Harvey M. La Fol-lette, as maker, and the New England Milling & Manufacturing Company, United States Oil & Tallow Company, and Edward Records, as indorsers. Issue was joined by La Follette only, and, upon stipulation duly filed, the case was tried by the court without a jury.
1Opinion of the Court
LAGOMBE, Circuit Judge.
La Follette, on August 10, 1894, made Ms promissory note, in writing, dated on that day, whereby, for value received, he promised to pay to the order of the New England Milling & Manufacturing Company, five months thereafter, at No. 54 Wall street, in the city of New York, the sum of $5,000. This note he delivered to said company, througn its president, the defendant Records, upon, an express agreement and understanding that the same was to be sold and discounted by said company for cash only, and the proceeds thereof paid over and accounted for to La Follette. The note…
2Cited by2 opinions
- Holm v. Atlas Nat. BankCourt of Appeals for the Seventh Circuit · 1898
- Landers Co. v. Lincoln-Alliance BankCourt of Appeals for the Fifth Circuit · 1924