Source: https://en.m.wikisource.org/wiki/Yeager_v._Farwell
Timestamp: 2019-04-23 07:13:57+00:00

Document:
Yeager & Co., shippers of flour, in St. Louis, and intimately associated with one Kerckhoff, a miller of that place, who was then building a mill, and needing $15,000 to complete it, wrote to Farwell & Co., flour commission merchants and capitalists, of Boston, intimate correspondents of their own, telling them what Kerckhoff was doing; that he wanted $15,000; that he would give security by trust deed on a valuable farm near St. Louis; that the security was good, and urging them to lend him the amount, 'for, say one or two years, or even one year, after which,' says the letter, 'we would make the advances ourselves.' As an inducement for 'coming to a favorable conclusion on their proposition,' they request Farwell & Co. to bear in mind that they, Farwell & Co., will get, as flour commission merchants in Boston, a large share of the business of the new mill.
Yeager did accordingly indorse the note with his firm's name, and the clerical error in the deed and in the record of it was corrected. After this, the balance of the $15,000 was advanced by Farwell & Co. to Kerckhoff as drawn for by him.
The note, which by its terms was payable at one of the banks in Boston, fell due October 15th to 18th, 1867, but it was not paid, neither was demand of payment made, or any notice of dishonor given to the indorsers, Yeager & Co.
ST. LOUIS, October 18th, 1867.
Of course this letter did not reach Boston until some days after the last day of grace.
1. That the indorsement was made at the instance and special request of the plaintiffs, after the note had passed into their possession, solely as an accommodation to them, and without any value or consideration whatever.
2. That if this was not so, and if Yeager & Co. had ever been liable as indorsers, they had been discharged by want of demand on the maker, and notice of non-payment to them.
The plaintiffs disclaimed all demand on the defendants as guarantors.
Verdict and judgment accordingly, and writ of error here.
^1 Moore v. Maddock, 33 Missouri, 575; Dowe v. Schutt, 2 Denio, 624; Corlies v. Howe, 11 Gray, 127; Slade v. Hood, 13 Id. 99; Parish v. Stone, 14 Pickering, 201; Schoonmaker v. Roosa, 17 Johnson, 304.
^2 Freeman v. Boynton, 7 Massachusetts, 488; Garland v. Salem Bank, 9 Id. 408; Low v. Howard, 11 Cushing 268 Kelley v. Brown, 5 Gray, 108; Cayuga Bank v. Dill, 5 Hill, 404.

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