Knapp v. Marshall

On the 20th of February, 1858, Wisner & Taylor made an assignment to John A. Marshall, for the benefit of their creditors. They had previously become indebted to Sheppard & Reeves, and Morse K. Taylor was surety for the debt, the payment of which was seemed by a mortgage which had been given to Sheppard and Reeves, which mortgage had been assigned to Wilson Gr. Hunt & Co., who were then the owners thereof. To secure Morse IG. Taylor, Wisner & Taylor gave him their note immediately preceding their assignment, for the amount of his contingent liability as such security, and, although the note…