New York Exchange Co. v. . De Wolf

This is an action upon a promissory note, made hy the defendant, dated November 8,1855, payable six months after date, to the order of the Atlas Mutual Insurance Company, for the sum of five hundred dollars, for value received. On the 1st of February, 1856, the Atlas Insurance Company was indebted to the plaintiff for a quarter’s rent due on that day, amounting to the sum of $1,125, which not being paid, on the 1st of March following, the company transferred to the plaintiff three notes held by it, among which was the note of the defendant, amounting, in the whole, to $1,250, “ the sum to be…