U.S. Supreme Court
Trust Company v. National Bank, 101 U.S. 68 (1879)
Trust Company v. National Bank
101 U.S. 68
1. The defenses of the maker of a promissory note can be cut off only by the payee's endorsement of it before maturity.
2. A guaranty written upon it by the payee is not such an endorsement.
The facts are stated in the opinion of the Court.