CHASE, Justice.
The defence cannot be admitted. There is no rule more perfectly established, there is none which ought to be held more sacred in commercial transactions, than that the blank indorsement of a bill of exchange passes all the interest in the bill, to every indorsee, in succession, discharged from any obligation, which might subsist between the original parties, but which does not appear upon the face of the instrument itself.
PETERS, Justice....
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