Compensation found competent against an onerous indorsee of a bill which had lain over three years.
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An inland bill having lain over three years, without protest or other diligence upon it, compensation upon the debt of the indorser was found competent, against the indorsee for an onerous cause, in respect it was not judged for the benefit of commerce, that bills not protested in three years, should be better than bonds; or that bills which can easily be forged should stand out as lasting securities. See No 182. p. 1623.
