Manning v. McClure
Illinois Supreme Court
Appeal from the Circuit Court of Morgan county; the Hon, D. M. Woodson, Judge, presiding. This was a bill in chancery, in which a decree pro forma was rendered in the court below, at the October term, 1864, and which was brought to this court upon the following agreed state of facts: In 1856, or the early part of 1857, defendant Newman and seventeen others, who are still living, and whose names appear as such in the answers of defendants, and on the original articles in…
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Appeal from the Circuit Court of Morgan county; the Hon, D. M. Woodson, Judge, presiding. This was a bill in chancery, in which a decree pro forma was rendered in the court below, at the October term, 1864, and which was brought to this court upon the following agreed state of facts: In 1856, or the early part of 1857, defendant Newman and seventeen others, who are still living, and whose names appear as such in the answers of defendants, and on the original articles in evidence in the case, entered into an association or company, under written articles of agreement signed by them, for…
1Opinion of the CourtJustice Lawrence
This case comes before us upon an agreed state of facts, which is set forth in the statement of the Reporter. The only-question of any difficulty presented by it, is one which has led to very considerable controversy in American jurisprudence, and is now to be decided by this court for the first time. That question is, Is the indorsee of a negotiable note, who has taken it, before its maturity, as collateral security for a pre-existing debt, to be regarded as having taken it upon a valuable consideration, and as holding it discharged of any latent equities existing between the maker and the…
2Cases cited10 opinions
- Swift v. TysonSupreme Court of the United States · 1842
- Coddington v. BayCourt for the Trial of Impeachments and Correction of Errors · 1822
- Fenn v. HolmeSupreme Court of the United States · 1859
- Bank of Salina v. BabcockNew York Supreme Court · 1839
- Rosa v. BrothersonNew York Supreme Court · 1833
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3Cited by19 opinions
- Maitland v. Citizens' National BankCourt of Appeals of Maryland · 1874
- Butters v. HaughwoutIllinois Supreme Court · 1866
- McIntire v. YatesIllinois Supreme Court · 1882
- Zollman v. Jackson Trust & Savings BankIllinois Supreme Court · 1909
- Worcester National Bank v. CheeneyIllinois Supreme Court · 1877
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