Terrell v. Babcock, Gardiner & Co.
Terrell v. Babcock, Gardiner & Co.
Opinion of the Court
delivered the opinion of the court.
Terrell, the original plaintiff in this case, claimed to be the legal owner, - and entitled to recover the amount of a promissory note 'executed by Babcock, Gardiner & Co., payable to the order of P. S. Newton & Co., and by the latter endorsed, for the sum of twelve thousand dollars. The note was made payable at a future day, with interest at six per cent, per • annum, until paid. It was deposited in the
The defendants, .Babcock, Gardiner & Co., pleaded an exception, that the suit was premature, being instituted before the maturity of the note.
Before this exception was acted on, or any further proceedings were had in the case, Taylor intervened. He took a rule on Babcock, Gardiner & Co., to show cause why they should not pay the amount of their note into court, to abide its ultimate decision. The defendants showed for cause, the pendency of Terrell’s suit against them; that they had a good defence against this action on the merits, and a demand in compensation, which would extinguish a considerable portion of the original debt; and they further averred, they could not be proceeded against in this summary way, but were entitled to a trial on the merits, before any J 3 3 J recovery could be had.
The rule was made absolute, and from the decision of the judge thereon, the defendants appealed.
The case is placed before this court on the merits. The dismissal of the appeal was not asked for, nor any motion made to effect this object, on the ground that an order to compel a party to pay money into'court, does not work the gravamen irreparabile, which only authorises an appeal from an interlocutory decree.
On the merits, this court is of opinion, that in a case like this, when the demand and matter in contestation is not liquidated, it does not authorise the court to make an order requiring the defendant to bring the money into court. In a suit when the creditor and debtor are at issue on the amount of a demand, or the validity of a claim, either party is entitled to, and has the right to demand a trial in the ordinary way, and even to a trial by jury, if he requires it. No other creditor has a right to interfere when two parties are litigating a claim and matter in contestation between them, so as to compel a settlement in a summary way, and bring the money into court. The effect of the rule made absolute, as in tbis
It is, therefore, ordered, adjudged and decreed, that the judgment of the District Court, making the rule absolute, be annulled, avoided and reversed; and it is further ordered, that the rule be discharged with costs in both courts.
Reference
- Full Case Name
- TERRELL v. BABCOCK, GARDINER & CO.
- Cited By
- 1 case
- Status
- Published