Wisdom v. Parker

The opinion of the court was delivered by

Spencer, J.

John M. Wisdom was a member of the firm of Hewitt, Norton & Co., of New Orleans. He died in 1857, leaving a widow in community, and two minor children, M. N. and W. B. Wisdom. His interest in that firm was liquidated at $125,000, and in payment thereof James Hewitt, of the firm, executed two promissory notes to the order of and endorsed by Hewitt, Norton & Co., for $62,500 each, *53payable one in five, and one in ten years, with eight per cent interest, payable semi-annually.

To secure the payment of- these notes, said Hewitt executed a special…