Oliver Wendell Holmes, Jr.

“ The father testified that his son never agreed to repay the money and that nothing was said about repayment; the son testified that he understood that there was no claim against himself legally. It is true, no doubt, and natural that he should have considered that there was a moral obligation, and in pursuance of it interest was paid to the father until the bankruptcy. ”

“ Seventy-Three Thousand Dollars, made to said Eliot Atwater, to enable him, the said Eliot Atwater, to purchase a membership in the New York Stock Exchange.' There was a second release with a similar special clause covering $2,010, to enable the son 'to pay his initiation fee to the New York Stock Exchange.' The Master and both Courts considered the release a bar to the appellant's claim. ”