Mr. Justice DAVIS delivered the opinion of the court.
This case resolves itself into two points:
First. Were Yeager & Co. indorsers of the note in controversy.
Secondly. If so, were Farwell & Co. relieved from the necessity of proving on the trial that they demanded payment of the maker, and gave notice to the indorsers of the dishonor of the note.
It is very clear that Yeager & Co. were liable as indorsers, if they placed their...
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