Case Name: William M. Jones, Respondent, v. John Schreyer, impleaded, etc., Appellant
Court: New York Court of Appeals
Jurisdiction: New York
Decision Date: 1872-05-28
Citations: 49 N.Y. 674
Docket Number: 
Parties: William M. Jones, Respondent, v. John Schreyer, impleaded, etc., Appellant.
Judges: 'All concur.
Reporter: New York Reports
Volume: 49
Pages: 674–675

Head Matter:
William M. Jones, Respondent, v. John Schreyer, impleaded, etc., Appellant.
(Argued May 24, 1872;
decided May 28, 1872.)
Action against defendant as indorser of a promissory note. The note was for $1,500; was indorsed for a special purpose ; but was diverted by the payee, but pledged as collateral security for the payment of an antecedent debt. JSefd, that plaintiff was not a Iona fide holder, and if he were could only collect the amount due him.
Rufus B. Oowvng for appellant.
William Henry Arnoux for respondent.

Opinion:
Peckham, J.,
reads for reversal and new trial.
'All concur.
Judgment reversed and new trial ordered, costs to abide event.