Grayson v. Whatley

The facts of this case, as stated by the District Judge, are as follows :

Jordan W. Whatley, now deceased, and J. SReed, made a bet of five hundred dollars on the result of a horse race to be run at a future day. Each executed his promissory note in favor of the other, for five hundred dollars, as a forfeit in case either failed to fulfill his part of the contract. These notes were placed in the hands of a stake holder. Jordan W. Whatley soon after died, and Reed being desirous of drawing the bet, with that view applied to the relatives of Whatley, and among others to Elisha Whatley, the…