Smith v. Schenck

Judge Gkaham.delivered the opinion of the Court.

Parker, of New Albany, Indiana,'being indebted to Clute & Meade, of New York, they forwarded their claim to H. Smith, of Louisville, for collection, who, regarding the debt as unsafe, because of Parker’s pecuniary condition, divided the amount into two notes, and received security on e.ach. One of these for the sum of $535 29, and which forms the basis of the present controversy, was drawn payable to Smith, for the use of Clute & Meade, and became due 4th May, 1839. Being unpaid at maturity, Clute & Meade forwarded it to Smith for collection,…