Providence Mining Co. v. Glass Bros. Coal
Providence Mining Co. v. Glass Bros. Coal
Opinion of the Court
Opinion of tub Court by
Affirming.
On August 18, 1915, Schwind Bros. Coal Company, a corporation, executed and delivered to Glass Bros. Coal Company, another corporation, its promisory note for $500.45, bearing 6 per cent, interest and payable sixty days after date at the Southern National Bank, Louisville, Ky. Before maturity the note was indorsed by the Glass Bros. Coal Company by its secretary, C. D. Glass, and by C. D. Glass individually, and delivered to the Providence Mining Company, another corporation, in payment for coal furnished by the latter company .to the Glass Bros. Coal Company.
It was alleged in the petition that when the note, became due on October 18, 1915, plaintiff demanded payment of the Schwind Bros. Coal Company and also of Glass-Bros. Coal Company and C. D. Glass individually, and that payment was refused by both the maker and endorsers, who requested an extension of the note for thirty days, at which time they agreed and promised to pay plaintiff the.full amount thereof. ■ It was also alleged that on November 19, 1915, plaintiff again demanded payment of the maker and endorsers, who refused payment and-requested an extension of the note to December 3,1915, at which time the maker and endorsers agreed and promised to pay said note, and that at the special instance and request of the endorsers, plaintiff accepted from the maker, payment of interest to December 3, 1915, and granted said extension. It was further alleged that when the note became due on December 3, 1915, demand for payment was made upon the maker, Schwind Bros. Coal Company, and the same was refused, whereupon the following day plaintiff gave written notice to Glass Bros. Coal Company and C. D. Glass individually, the indorsers of the note, that the note had not been paid and had been dishonored by the maker.
According to the evidence of Percy D. Berry, plaintiff’s secretary and treasurer, he came to Louisville on October 18, 1915, with the note in question. He did not present it for payment at the Southern National Bank but made demand on Ernest E. Schwind, president of the Schwind Bros. Coal Company, who informed him that he was under the impression that the note was not due until thirty days later and that he had no funds in the bank to meet the note. C. D. Glass was present at the time. After demanding payment of Schwind, Berry turned to Glass'and demanded payment. Glass requested further time, saying that perhaps Schwind would pay the note or that they would get it up one way or another. Berry then told them that he wanted his money and was
In our view of the case, we' deem it unnecessary to determine whether the two requests of the indorsers for an extension of the note coupled with their promise to pay a portion thereof, made at the maturity of the note and also at the end of the first extension, constituted an implied waiver of proper presentment and notice of dishonor at those times. It is clear from plaintiff’s evidence that the time of payment was extended to December 3, 1915. There is neither pleading nor proof of any waiver of proper presentment at that time. On the contrary plaintiff pleaded that presentment and demand were made on the maker on that day and that notice of dishonor was given to the indorsers on the following day. It 'does not appear that the.note falls within any of the exceptions to the rule requiring presentment in order to charge the indorsers. In the absence of such a showing presentment was necessary. Whether presentment to the
Judgment affirmed.
Case-law data current through December 31, 2025. Source: CourtListener bulk data.