Abbott v. Brown

On the first day of July, 1876, Kirk B. Newell, being indebted to H. G-. Abbott, the appellant, executed his promissory note, as follows:

“Chicago, III., July 1, 1876.

“One day after date, I promise to pay to the order of H. Gr. Abbott two thousand dollars, with interest at the rate of ten per cent per annum, at First National Bank of Chicago. Value received. Kirk B. Newell.”

Indorsed on the back of the note was the following guaranty:

“For value received, I hereby guarantee the payment of the within note at maturity, or at any time thereafter, with interest at ten per cent per annum until paid,…