Pugh v. McCormick
Supreme Court of the United States
On the 12th of April, 1863, N. C. Martin, at Assumption, Louisiana, drew his promissory note lat one year for $7000, in favor of W. W. Pugh, which note after being indorsed there by Pugh came into the hands of James McCormick. The note, as issued, had no stamp upon it. It was not paid at maturity and no notice of non-p'ayment was given to Pugh, the indorser, who was thus of course discharged.
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On the 12th of April, 1863, N. C. Martin, at Assumption, Louisiana, drew his promissory note lat one year for $7000, in favor of W. W. Pugh, which note after being indorsed there by Pugh came into the hands of James McCormick. The note, as issued, had no stamp upon it. It was not paid at maturity and no notice of non-p'ayment was given to Pugh, the indorser, who was thus of course discharged. More than eighteen months after the no,n-payT meiit, however, Pugh wrote upon the note — ■ “ Assumption, October 16th, 1865. “Notice of demand, non-payment, and protest waived, and all legal…
1Opinion of the CourtJustice Clifford
Reference will be made to the parties as they existed in the State court where the suit was commenced.
Martin, on the twelfth of April, 1863, by his promissory note of that date promised to pay, twelve months after date, to the order of the defendant, at the place mentioned in the note, seven thousand dollars with eight per cent, interest, and the note is indorsed by the defendant without date.
On the seventh of.December of that year the defendant paid two thousand dollars, which is indorsed on the note, and on the seventeenth of May following he .made another payment of three thousand dollars,…
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