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Supreme Court Links Insurance to Insolvent Notes
The Dixon Sun reports that a recent Supreme Court decision holds that when property is insured for a term and the insurer pays cash then issues notes for remaining payments, if the company becomes insolvent before notes are paid, the notes lack consideration and suit on them fails. The piece also covers Jay Gould’s arrest, carrier liability in Putnam v Seventh Avenue Railroad, and French political turmoil with Thiers and German emigration anxiety.
MENTIONED IN THIS ARTICLE
Supreme Court
Jay Gould
Jim Fisk
New York
Erie Railroad Company
The
Road
Erie Company
Gould
New York Press
Erie
Messrs
Clark & Schell
Chicago Tribune
New York Court
Avery D. Putnam
Seventh Avenue Railroad Company
Foster
Putnam
France
Thiers
Dufaure
Manteufel
United States
Paris
Germany
Davenport
Rock Island
St. Louis
First National Bank
Iowa
J. C
Third Street
Stady