, 1860-12-29

rEon1ssony NOTE. PAYABLE WITH EXCHANGE.
[, S. Cirtxi. cc17:-Eetore Judge Drunu"ond
Henry bradley -. William LII. This wa. an
action bought m pEufnit<osE note. dated sept
Se ~ FIX for ihc sum a' n sSSt. 10 10 recover The
lMnul.t with Interest. exchange. &c.
The objection was taken that being note made
NJ n s se T o
thi- State Of Feb II 1850. thon:h the mute did not
it. face b,ar interest. It was also Objected that
and that recent ecsiun Of the supreme Court Of
IT. Sta:c il i1as ys Eds Ct u rendered !: tEo!-
erl'iyc as note. 49,
III. Cur1t h. ID that the .aw Of Feb. Il. 1851. did
uo1 ap?Iv to this case. hecaase th1t contemplated
case where there was amount nj tnfetest l1ea
hy tn. sTeement Of the parties. in whl,. cyeEt. II
the contract might be erturcc n twithst!ntsEg
tee money wa- raade payahc ii another stare os
country and the rate u Interest greater than there
lowed.
'sso ;hc other pnint the corrt intiuatnc that
1t fi not necessarily arise unses the objection a.
In sorr, made. stated that he had once s1smlned
c.anee. and hc had held there art! a'ways ruled
that that circumstance did not p:crens !; fsur,
being a 1.umi=>Grr Hptc !: sad ht* attention brih
rrspe to the Supreme Court ofthis State. he could
M: curcar with it in opinion. An Instrument ot
writing by which \ at Chicago. Promised t. pas
to within certain !iulc "ae thousand aol!sfs
with the current rate Q! exchange IN Sew ao'k At
msturity wao Etrrli-sory note. llotwithstahu'ns
the rate OF exchange va. not specified lie a6nlt-
ted that under the general law note must re Pay.
able absolutely. in noney. In tEe example given
thousand dollars was the Eua PAYABLE: the e.
change like Interest WAS an inciAfhf merely ~ tne
principal eln ard 1t was not tae lccs On that &C.
rosnt. an agreement to I,ay fixed Fun. II note
he executed In England payable with Interest
and suit he brought on it here. the amount Of
the vs5lict Or jnd;rsnt J. not =. . ;,,tn mere
'ce.l "f the rate nf aierret In Ens!a1ld and the
a:ao1nt of the verdict os Judgment, efcn alter the
I:oo. IL madt. I, greater Or le:s. depending upon
next week o. ucxt rear. the amount of interest H.
creains regularly by ei!fnx Of time: hut When INC
proof T. in anu thu 1iE.e coantcd then the amount
becomes 9 EsattcT Of cumputatlon. Su. when til:
proof ns tO exchange IL In. aud the time h1ed
tlen alec the amount j. matter Of computation
III tL= nac ca-e the principal aaoan; 2nd Tue tinle
and rate. ixed by cvidcncr. eort."l.. and deter
mines the ay,rr.a.c sU:1. .Eu equally so in the
o,hc:. II fills suit w.- hron:at In the courts OF
this State. 5ein. 4 noEc payable 10 New 1"tk the
would have tu ke a-crriolDcd. hot only fsom the
flee Of the note it.:lf. but by trilc:iec IT, tue
tous1 jury. ol the law Of New York {, TO inter
rs.. It would not be ill then 1flr tho a1loslut
c.:;;d become Il =. l:.cz Of computation.
This CoErt, therefore would adhere to tnc view
thet it had always taken Of this point. tsil over
ruled b- ttr Su;re:ue CURT q! tIc United States.
that Ill instrument ttf the kid I.-c:iotst w2s
;,eo:,i.enry note. TIL. was commercial que=-
tim. una tn Cuu:t "a: TO: boutss 70 "ilo" ue
tis!on II the Supreme Court af this State 1n this
h.:nch Of the law til morr especially when tuca
rr1ius was contrary l" The opinion of the whole
lc:y:iEtile community AZ showa by sAclf nasiosn
1ractce. and coutflry "l=o, A. the tnnt: thought.
10 the genera! opinion oe ;sc Profession.
Law se-uoo. ur ~1s f:s1y-c:.-y OF CHICAGO
The wiutc, .crm commences On the I'd Of January.
All cfo1t will be made At the evening tcsfa to give
increased interest III all tic exercires ot The
School! There will bc sh.ce daily lectures or cx-
a:.iuat:oas, moot courts twicc In week, and hl-.
turcal debates Evc:y facility will he Afforded !os
thorn sh s1alEIng in the re!cHce acd practice Of
Law a. well rs In t.ocEtioa ard cxtemporaneous
speaking.
| Those whose engagement. forbid fall attend
aacc ou the exercises of the School, Or wllo desire
,o au:s,1c pa7:!a1 coarse Ct stny. will b. rccciv
ed IN fcso.able TERMS E1 :rc=cs begin at siu the
1uu!ninr 1 iu the afte.lour, aud =: clock III the
| evening.
Members of the Iiar AID a!l others Interested
| are invited 10 visit.
Nonas IN the LaEmon El6c5 northeast corner o
| Clark and Washington Streets
Ter ci.cular4, Gill at the .ncE,s. or address Il
| Enoru, Chicago. T. Q. bu., 1,s;'.
| GE:Ar rCE sLE-Eut.rr= j. Co, arc selling al
| :."ctIon the entire stock 0s FCT Goods Of l. i \
!le-zo:, No. Is Lake street. The ttosl Ii IN in
/
| Sc Nc>:rs II. II. C. N.111.: 6 Co., g c1asl
! s:rer; I'VE ettIl on ha1:l lev tf thJee man.
kca:li:.l articles VI .Iewelry AMI silycEware, 10
": III the demand dnrin. the past w:cE vas II
great. Ne=srs. Miller + Cos .fock Is cut:scl,
new. aId comprises raauF patterns and styles o
goods never before offered III Chicago EcmsElse
:lvsr address. s. Cla1!z street, opposite the Ez
chang: Hank.
D1Ar.ts ron 1s61.-A large stock Of Pocket Di.
.ies fas 1861. In plain and rich bindings are oEc.s
bs McSaly s Co., 81 Dearborn street. who kas
also received Vanity F.i-'' for this werk, cor
tatn1n. new por:a cuiit.ed 'Tete7 S:uyscsnnt'
New Years CALI bs T.. G. S!eLa,an. a';sEor {
Diamond Wedding" rElacc's Ball. 1c-
| save the loo.e change loc the holiday
Whea Que gives prrtent 10 his wife. sister VI lo'
I er. he desires to be remembered often: therefore
be sensible and give that which will be heforc tacz
fscoucatl5 and which will pay for it=elf in ec1ns
nv over othe. lights, VIZ: \ Kerosene or Coal 0
Lamp We hare just opened sumo rich tuposte
D,hc;pian Lamp*. Call aud =ee thr.u as-Noo.E
Lamp and Oil Emporium. Il. Clask <iseet.
dc lS-c ud-st
EGo 20 John J0ut.'s, 1l3 Dearborn st1ecs, II
get :uus clothes cleaned and repaired.
T. AID Il. uAAs.-Ju=t received from Smoke
Store, number - State STREET nice lot VI Fo'
and I;eef 1ians; also trgafcntcd raoked Be-
! | Toueay and Bacon, which i. o.c.ed for sale
| Family G.pcerr sad other retail! dealers. dseai4
~u-Ca Fixtures, New Goods ardSe Style.
: p:;cc. 10 suit the times. At II. II. WilsnaEths.
so,.,, c1,7k .trect. Lec!91es
e-ca! on 1,uBois \. 1uj Eca7to1 street. has
.3vat o. I'o:t!a.d Block, AMI get yoar Sign Psi
, Ing do2c caea7ly- - dec1e"'t
, 11-4u should not iaIl to rad the sdEettisene
u. I,ec. Noud In ts-dsy's paper. re5rlJ
/ WHEELER IND WILSON'S FAx1Lr SEwISa Il
GRIMES FOE \ Cun1srxAs IND NEW YEARS FL
; sESr.-A very appropriate testimonial OF f.th
i to his dan:h:er. ton to his laothcs. a husband
his w:f,, brother to his sister, or chlsch to
, pastor. Thl- Is lifetime g!ft.
| Geo. 4. Ch;ltenle7. General Agent for Il
noi., Wisconsin and Northern Iaiilaa, l67 and
: lake street, .ecl1lst