In re Aldrich

In the years 1878, 1879, and 1880, George A. Aldrich, L. Orlando Sweetland, and Charles M. Waite were engaged in mercantile pursuits at Kennedy, New York. Prior to February, 1880, they issued promises or certificates, of various denominations, in the words and figures as follows:

The others issued were, mutatis mutandis, in the sam,e form, the amounts ranging.as high as five dollars. About $5,000 of this paper was circulated, to a limited extent, in the immediate' locality. In February, 1880, the firm failed, and a receiver was appointed, who, having reduced the property to money, now holds it…