5

or agreement to that effect, amid the responsibility of
warranting the genuineness of the instrument. That is
a guaranty which the law imposes upon the transfer,
a valuable consideration, of bills, bank a promissory
notes, & other assurances for money, though without en-
dorsement. The person so {endorsing} transferring [?]-
plisdly undertakes that the instrument in genuine, in
other and that it is what it purports to be; and if it
turns out to be a forgery, there is a failure of the consid-
eration, which subjects [beim?] to the re-payment of the
money he had received. Nor is it maternal [thes]
the person making the transfer, receives the conside-
ration for his own use, or for the use of another; in-
less he is acting as an agent, & discloses [?] only his
agency, but the name of the principal for whom [be?] is
acting."-

These cases leave no room to doubt the [?]-
ness of the conclusion [?] Stated. They are [corroborated?]
also by the following cases, which need not be [?] per-
[?] set forth- [rig?]

Johnson v Johnson & [Bo?] & Pul. 162 (CB. 1802).
Gardiner v Gray 4 Camp. 144, ( NP. L [?]. 1815).
Bridge v Wain 1 Stark. 504. ( NP [?] & KB. 1816).
Sec also Byles on Bill 252; 2 Parsons' Conts. 134.