President of the Wamesit Bank v. Buttrick
President of the Wamesit Bank v. Buttrick
Opinion of the Court
When parties severally liable upon a promissory note are joined ir. the same action, as allowed by St.
The notice put into the New York post-office, directed to the cashier of the Bank of Commerce, to be by him directed and mailed again to the defendant, was not notice to the latter. The defendant may be presumed to have received his own letters, but not the letters of the cashier of the Bank of Commerce. The conversation between the plaintiffs’ cashier and the defendant was not notice to the latter, because the plaintiffs themselves had no notice and could not therefore give it, and because it gave no notice to the defendant that the plaintiff looked to him for indemnity. Bachellor v. Priest, 12 Pick. 399. Gilbert v. Dermis, 3 Met. 495.
Case to stand for argument.
The facts show that due diligence was used in giving notice of the dishonor of the note to the defendant. Notices in due form, directed to all the indorsers, of the nonpayment of the note were seasonably put into the post-office in New York under cover to the last indorser. This was according to the usage and practice of merchants and bankers, and shows a sufficient compliance with the rule of law requiring notice to indorsers of the dishonor of a note or bill of exchange. It is immaterial that the holder or last indorser held the note for collection only, and was not an indorser for a valuable consideration. Eagle Bank v Hathaway, 5 Met. 215. The notices
Case-law data current through December 31, 2025. Source: CourtListener bulk data.