President of Hallowell & Augusta Bank v. Howard (Mass. 1816). · Go Syfert
President of Hallowell & Augusta Bank v. Howard (Mass. 1816). Book View Copy Cite
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The President, Directors, and Company, of the Hallowell and Augusta Bank versus Samuel Howard and Others
Massachusetts Supreme Judicial Court.
Jun 15, 1816.
Published opinion
Orr, for the defendants,, Todd, for the plaintiffs.
Cited by 12 opinions  |  Published
By the Court.

Nothing is a lawful tender but gold and silver. To permit the defendants thus to set off these promissory notes would be allowing cross demands to be set off in like manner in every case. These notes are nothing more than evidence of a right of action ; so that, if the assignment were out of the question, the motion could not obtain. The only course in such case would be, for the present defendants to obtain a judgment upon the notes and set off such judgment against the plaintiffs’ judgment.

The defendants were afterwards defaulted.