Smith v. Hart

From April, 1871, until January, 1873, Smith and Peter were in partnership in the manufacture of pine timber. January 27, the partnership closed. Hart and Turrill were engaged in banking under the style of B. G. Hart & Co. Smith & Peter opened and kept a bank account with .the latter firm, and when it began it was agreed between the parties that Hart & Co. should discount the shingle-paper of Smith & Peter at one and one-fourth per cent, a month. The agreement was verbal. January 13th, 1874, Peter gave a note in the .firm name of “ Peter & Smith ” to the firm of B. G. Hart & Co. for a…