McStea & Value v. Warren & Crawford

This is a suit on a draft for $939 68, the defendants being the acceptors thereof. The plaintiffs can only recover $600, because it is proved that in May, 1866, when they received $400 on this claim from the drawers, they agreed to accept $600 more on first of January, 1867, in full discharge of the debt, and in due time the defendants, the acceptors, offered to pay the amount. The main controversy is, as to the time interest should be allowed, the plaintiffs claiming it from first of January, 1867, the defendants contending they should pay it only from judicial demand, to wit: second of July…