Salmon P. Chase,
Texas v. Hardenberg — Opinion of the Court
“ Will it be insisted for the complainant, that when Hardenberg purchased these bonds they were overdue, and that this circumstance defeats his title?Suppose they were, in all respects, like a promissory note, indorsed after it was due? What would be the legal consequence? Such an instrument does not cease to be negotiable when it is past due and unpaid. It is now settled, [3] both in England and in this court, as we have seen, that circumstances which would have put a prudent man upon inquiry, are not enough to affect the title of a bon a fide holder for value. ”
