Stamps v. Brown
Stamps v. Brown
Opinion of the Court
OPINION OF THE COURT — by the
This is an action of assumpsit brought against Brown as endorser of a promissory note for ‡1000. The plea is non assumpsit and payment. There are too points raised by the bill of exceptions for the consideration of the court.
1st. The defendant’s counsel called on the court to charge the jury, that if they believe from the testimony, that at the time of the supposed dishonor of the note by the maker, the endorser, this defendant, resided in the vicinage of Woodville, and nearer to the post office of Woodville than any other post office; and if they believe from the testimony that said defendant had no other notice of the dishonor of said note, but a written notice di
2dly. It appeared in evidence on trial that the maker of the note, Edith Theril, made two notes payable to said Brown, and endorsed by him to plaintiff, the first of which notes being first due, was sued on against her and said Brown, in separate actions, and a judgment obtained against her, •hnd a non-suit entered against Brown, on account of a defect in evidence of the dishonor of the note by the maker, and of notice to defendant as endorser. — That afterwards Edith Theril died insolvent, and plaintiff filed a claim before the commissioners of insolvency for about $2600 — being the amount of said judgment and of the note now in suit. That the estate of Edith Theril paid 72 cents 7 mills in the dollar, on said claims, which made about $1,800: That plaintiff claimed the right to credit said amount first to the entire discharge of thejudgmentobtainedon the first note, and then so far as it would go to the credit of the note now in suit. Wherefore the counsel for the plaintiff moved the court to instruct the jury, that the plaintiff had a right to credit the said sum of $1,00 first to the entire
But the true principle on which to test this matter is this: suppose Brown, the defendant here, had taken up this note, (as he had a right to do, being the first endorser,) cou*-1 he have presented his claim against Theril’s estate, and would b> have been entitled to a pro rata dividend? Most assuredly he would Stamps would have got the whole of the claim now in suit, andI(S rateable dividend on his judgment, and Brown would have only l^t ^ cents, 3 mills, on each dollar of his claim. Agreeably, than, to--»le scale of even handed justice, Stamps is only entitled to recover tk> balance after deducting 72 cents, 7 mills from each dollar of the amount of the note now in suit, which said amount Stamps has received to Brown’s use. The court therefore erred in giving the instruction asked for by the plaintiff; and also in not giving the instruction asked for by defendant’s counsel. The judgment below must be reversed, cause remanded, and venire de novo awarded.
Reference
- Full Case Name
- WILLIAM STAMPS v. JOHN BROWN
- Status
- Published