Carson v. Ingalls
New York Supreme Court
APPEAL from a judgment entered upon tbe report of a referee. The plaintiffs are, and have been since 1848, paper merchants in the city of Hew York. The defendant and one Putnam, from about 1850 to the making of the agreement hereinafter named, were paper manufacturers in Saratoga county, the plaintiffs being consignees of their paper.
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APPEAL from a judgment entered upon tbe report of a referee. The plaintiffs are, and have been since 1848, paper merchants in the city of Hew York. The defendant and one Putnam, from about 1850 to the making of the agreement hereinafter named, were paper manufacturers in Saratoga county, the plaintiffs being consignees of their paper. During that period the plaintiffs had advanced to Ingalls & Putnam, from time to time, various sums of money, so that on the 1st March, 1854, they were indebted to the plaintiffs in the sum of $10,000. At or about this last mentioned date the defendant bought…
1Opinion of the Court
By the Court,
Sutherland, J.
This action was brought on a penal bond, dated the 14th day of March, 1854, conditioned for the payment of $10,000, at the expiration of one year from the first day of January, 1854, without interest. The complaint alleges that the defendant, being indebted to the plaintiffs in the sum of $10,000, for the purpose of securing such indebtedness executed the bond.
The defendant in his answer admits (although it is not alleged in the complaint) that the plaintiffs, on or about the first day of March, 1854, loaned the defendant $10,000; and then avers that this loan was…
2Cited by4 opinions
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