, 1879-06-12
SWINDLING NOTES.
lIaw tltc Stiprolnc Court nf Tn,v., Has Put
ltA Foot Upon Them.

lfaw tltc Supreme Court nr Tn,y,, Has Put
Its Foot Upon Them.
Erretat Correspondence o. The Trb,f1e,
DEs MONIES. H., Junc 1D.-Tlc Suprcme
Court Of 1uwa 1laa vetoed swinilIp. trysar.
ttons In this State with IE.tcnt-right mites The
schemes to defruud farmers taye bccu mos,
cuuulngly dcvlse,i First was tl,a CONTRACT. or
agreement, W which the tartner coutracto,i tu
take some patented articles, ut certain prize,
for future delivery. The uacltuc was On llund :
a'i'l tho next thing was psunissory uote for
three times tho sum aeree.l ou, In tl,e tx,sscs.
stou Of Il bank for payment. The arrecsne,t
was 80 tngonlous!y printed TINT 1t co11la bc cut
In TWO parts,-ono OF which WIS II ana,,-3ulg-
leilt uotc. Al,l the other t,cgH lnomorau.,up,
Of the sale. Tie Courts hold ttscse notes
valid, as ttlerc WIS no evidence
OF fraud ur alteration III tiicul !;
All! further, on tile grut,Il that
every man IL, presumed TO know ttU cou-
tents OF contsael which liz sIgns. This fraud
Wnrked we'll until ru!''tc uutoriety broke it ur.
The victims "err numbered b. thousands. Tle,l
casno the l!glltninx-Eod swndtv, by which tun,-
er agrrcd to give II crrtain sun far rAts, anu
signed CONTRACT. supposed to br III aysier, by
which tle roti-lnan as unlimited as u The rods
he rlt up. II the farnler objertcl to ib frAsd,
iIu WIS shown hs contriet, aid bulllozu,l by
threats Vt attachment with Incchanic's lien,
until llu guye bis u0ie for tho fUl au,oupt OF
tho exturt1u3l. Ihe l1ute Was quickly sold ut u
ltaslk, nsgl tu farI,er hul 1t tI pay unler tl,t,
Inv Of negotiable Ea.cr, that there Wcfe ~ DE-
lenses lHtWcatI Lie klaker Ut 3 nule A,u IN To-
nHcnt purrhlAEr without natteu bcforc 4uu-
turtty.
EInbolleie4 by ssIceess, thcsc trrpateti.
SwintLlers l.avo alUntrA 4 uew trek. They Will
st]l Q farmer = patented nrtie,s IT u very low
nrlre, nd tllun Fs.. The nutu Sl{U amt will sell
u ut bank; AMI tuTHerx, when sued by th4.
blnk, would accept lhu juigslrHt Of the lover
'uurtB Al!l isty ilc nHt4s, iuultr tlAH incus tho
rx1cpau Ut further litigation. Hut tu Marion
County theru happuuc1 % bu one John Clask.
Who lllla uut PROPOSE ~ Ge kWslltlleu. Iic hAi
given hs note for {l0 which waI4 rai.eti IL Sin.
lilo lid nOt caN1cl thu bliIk sparc, uur did lie
MI tbs bIank uralEHnii.lt wtscru II w4s payable,
bccaus0 thu p&uSoIl t. wi,uni llu E4yo tAe nuto
suid ati nt,ulIt would G0ttu aud cuIlxct 1t wtsn
due. Bit tic i,unk Nns 1i!lctl by writing iii tue
vllla, Ia" The Cuurt hul0w held that, whcru
baanks wcfd left untitled tn u l,ote, tIla pre-
sunIllolt u law MAS, lat the tlayve had plIt{or-
Its to I'LL ahclA: and, II hG inserted larger
s,lnl than tlsu maker hail agreed upon, it VIA
only 1raacf ottrost; tint u lcrsun may ~
riSl1y lfable Tor thu fraudulent act4 oi alother,
whereby third lAtsun has sustained q lUaa, tho
lrauA be.E t1ade possible by tllb vets or neIlt-
Eetlea VI lht person cHutKflt ttlak WArra thu
inaker Ut tl0tv lcAyen thu Dllux4 uulliied,
thereby plakdltE 1t 10 tic uoWer Of pAyau to Ill,
wrpng u bctNeen tfle inakrr Al,l un innocent
purchaser fus Value tho maker ought to sutIcr
tue loss.
T4u supreme Court, however, 1uakea the dis