Mr. Justice DAVIS delivered the opinion of the court.
The basis of this suit is the letter of credit of 13th September, 1869. The subsequent correspondence, on any rational interpretation of it, did not have the effect to change the terms of this the original letter, nor was it intended to do so except in two particulars, which are not the subject of controversy.
The defence now made, technical though it be, is sufficient to defeat the action if the condition...
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