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BAKER v. WOOD

No. 162.

157 U.S. 212 (1895)

BAKER v. WOOD.

Supreme Court of United States.

Decided March 18, 1895.

Attorney(s) appearing for the Case

Mr. Henry M. Teller, (with whom was Mr. Clinton Reed on the brief,) for appellant.

Mr. Edward O. Wolcott, (with whom were Mr. Joel F. Vaile and Mr. William W. Field on the brief,) for appellees Wood and Taylor.

MR. CHIEF JUSTICE FULLER delivered the opinion of the court.

In King v. Doane, 139 U.S. 166, 173, it was stated as the general rule that "if in an action by an indorsee against the maker, a negotiable note is shown to have been obtained by fraud, the presumption, arising merely from the possession of the instrument, that the holder in good faith paid value is so far overcome that he cannot have judgment unless it appears...

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