Cases On the Law of Bills, Notes, And Cheques to Accompany the Editor's Work On That Subject

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— This action was upon an inland bill of exchange, in the name of a remote assignee, against the drawers. One important question is, whether the holders had been guilty of such laches, before present- ing it to the drawee for payment, as would bar a recovery against the drawers.
Defendants were engaged in the banking business at Piper City in this State. On the 8th of September, 1873, on the application of James McBride, thej- drew their draft on the Pranklin Bank of Chicago, payable at sight,
...to the order of John Strank, who then resided at Canton in Dakota. It was, on the same day, deposited in the post-office, directed to the payer at Canton, who received MONTELIUS 0. CHARLES. 123 it after some delay attributable alone to the fault of the mails. Having passed through the hands ot several holders, it was presented on the 13th day of October, 1873, to the bank for payment, which being refused, it was protested, and notice given through the post-office to the drawers and the several indorsers.

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