Payne v. Winn
Payne v. Winn
Opinion of the Court
charged the jury in favour of the plaintiff, who accordingly found a verdict for the amount of the note with interest. The present was therefore a motion for a new trial, on the ground of misdirection, &c.
After hearing arguments for and against this motion, the judges were unanimously of opinion, that the want of a formal protest by the notary in this case, was no bar to the plaintiff’s recovery against the endorsor. A protest does not raise any new debt, or create any further responsibility on the parties to a bill, or note ; but only serves to give formal notice, that a bill or note is not duly accepted or paid.,
In the present case it does appear, that Mr. Reid\ the notary, in whose hands the note was placed by the officers of the bank, or holder, did give the defendant this due notice, that this note was not paid by the drawer within the three days of grace, allowed by the bank for payment of notes after they become due; so that there appears to have been that convenient and reasonable notice here which the law requires. With respect to the registering up of notes in the bank, so as to affect the credit of the drawer, that seems to be a' private regulation of the bank, for the government of the officers of the bank ; but it forms no part of the law of merchants, in regard to endorsors on bills or notes. And as to Cavers paying off two notes afterwards, without taking up this one, that was a matter between him and the other holders or endorsors, over which the present plaintiff had no «ontrol. He could ,not force him, or compel him to make the payment unless he pleased; All that he could do on the occasion, was to give the defendant due notice of the failure of the drawer, and that has been done. And if the defend»
Motion for new trial refused, and rule discharged.
Case-law data current through December 31, 2025. Source: CourtListener bulk data.