Summary

Edward Douglass White Israel v. Gale — Opinion of the Court

In other words, the assertion is that the mere statement by Robinson of the causes which rendered it necessary for him to obtain a note to be discounted at the Elmira National Bank had the effect of destroying the very purpose for which the note was confessedly given. When the real result of the contention is apprehended, its unsoundness is at once demonstrated. Other portions of the record have been referred to in argument as tending to show that it could not have been the intention of the defendant, in giving the note, that Robinson should discount it
Source: Wikisource

Edward Douglass White Israel v. Gale — Opinion of the Court

It the agreement authorized the discount of the note, it is impossible to conceive that knowledge of the agreement could have caused the discount to be a diversion, and that the mere knowledge that paper has been drawn for accommodation does not prevent one who has taken it for value from recovering thereon is too elementary to require citation of authority.
Source: Wikisource

Edward Douglass White Israel v. Gale — Opinion of the Court

But this is in plain conflict with the avowed object for which the defendant testified the note was drawn and delivered, since he swore that he furnished the note because he was told by Robinson that he needed accommodation, that his line of discount on his own paper had been exceeded, and that, if he could get the paper of the defendant, he would overcome this obstacle; in other words, that he would be able successfully to discount the paper of another person, when he could not further discount his own.
Source: Wikisource

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