Code, § 3788, provides that the sheriff may charge and receive for collecting money upon execution a compensation graduated by a per centum upon certain sums constituting a part of the whole amount, diminishing the per centum as these sums exceed certain specified quantities. The sheriff claims that he is entitled to charge costs for collection of the amount bid upon the execution under the rule thus prescribed.

The same section further provides as follows: “ But where the property is purchased by the plaintiff in execution, or where the money is collected without sale of property, one-half the above rates,” may be charged by the sheriff.

*497We must determine who was the purchaser of thp property in this case. It requires something more than a mere bid at a sale to constitute the one making the bid a purchaser. There must be a sale before there can be a purchaser. Now a sale does not arise upon a bid merely.. The bidder must be in a jmsition to enforce the execution of the deed to him before he can be called a purchaser. But he could not occupy this position until payment or tender of payment of the sum bid. This was not done by the Keokuk & Northwestern Eailroad Company. The corporation, then, was not a purchaser at the sale — it was nothing more than a bidder. Its bid was transferred to the trustees of the bondholders, and this transfer was approved by the court, and a deed was ordered to be made them. No question is raised as to the sufficiency or regularity of the proceeding resulting in this order. The trustees became clothed with the right of bidders at the sale and with the right to the sheriff’s deed. Whether by payment in cash of the sum bid or by crediting the judgment they became entitled to the deed we need not inquire, for their right to the deed was admitted by its execution. Being bidders by transfer of the right of the K. & N. W. E. Co. under its bid, they became purchasers by acquiring, in some manner, the right to the deed and by the execution of the deed itself. They were therefore the purchasers and the only purchasers at the sheriff’s sale.

The parties receiving the deed were the trustees of the bondholders, the parties wlip are the beneficiaries in this action— the cestui que trust in the deed of trust foreclosed herein. That they are to be regarded as entitled to the benefits secured by the sectioh of the Code above cited to plaintiffs in execution is not questioned in this case.

We reach the conclusion that the ruling of the Circuit Court upon the motion to re-tax the sheriff’s costs, to the effect that he was entitled to but half the sum charged by him as his percentage for collection, or commission, is correct.

Affirmed.