Reuber v. Crawford
Reuber v. Crawford
Opinion of the Court
This is an action upon a promissory note as follows:
“$120. Grand Island, Nebraska, August 4, 1887.
“ One year after date I promise to pay to the order of Cole, Grant & Co. one hundred and twenty dollars, value received, with interest at 10 per cent per annum, payable at Hall County Fence Factory.
“ G. E. Crawford.”
The defendant in his answer specifically denies many of the facts stated in the petition.
“ 2d. Admits the execution of the note, but alleges that it has been altered by inserting the figures ‘10’ in that part of the note fixing the rate of interest, whereas in the note as he signed it there was a blank space left for the rate of interest.
“3d. That the instrument set forth in said plaintiff’s-petition as originally executed and as described in the second count of this answer was procured from tin’s defendant by the said Cole, Grant & Co., and their agents, by fraud and misrepresentations in this, that they (the said Cole, Grant
On the trial of the cause the jury returned a verdict in favor of the defendant, and the action was dismissed. The original note is before us. It bears on its face •evidence that it was filled out in full at the time it was made, and the person who filled the same out swears positively that such was the case. The' only proof that it was not so filled out is the testimony to that effect of the defendant, but it is evident that he is mistaken, and a preponderance of the evidence is the other way. The agreement may have been as he contends, but it'was filled out to draw ten per cent; and even if in the form the defendant contends for it would draw the legal rate, viz., seven per cent.
2. In August, 1887, the plaintiff and defendant entered into the following agreement:
“ARTICLE OP AGREEMENT
Made and entered into this 4th day of August, 1887, by and between Cole, Grant & Co., of Bloomington, state of Illinois, parties of the first part, and G. E. Crawford, of the county of Hall, state of Nebraska, party of the second part, witnesseth: That the said parties of the first part, as legal owners of letters patent Nos. 298,032, dated May 6, and 300,517, dated July 7, 1884, upon improved machines to manufacture the combination s'lafc and wire fence, and desiring to establish a permanent industry in Hall county for the purpose of manufacturing and selling said fence, do hereby make and constitute the party of the sec
“The manufactured fence to be kept in stock by the manufacturing agent, Merrill & Matheson, at Grand Island, county of Hall, state of Nebraska, and at all times to be furnished to the second party at wholesale prices: 35-40c. per rod for 2 foot or hog fence, 55c. per rod for 6 wire fence, 60c. per rod for 8 wire fence,, and 65c. per rod for ten wire fence. All the fence to be composed of No. 12 annealed steel and galvanized wire, with 46 pickets per rod. The manufacturing agent has also bound himself by contract to use his endeavors to sell the fence, and on all sales made by him or at the factory to credit the township agent wherein the fence goes with all in excess of wholesale prices, the same to be sold so that the net profits to the agent shall at all times be 15c. per rod, or $48 per mile.
“The party of the second part, for and in consideration of the rights and privileges granted, does hereby agree to use his endeavors to sell the fence in the above named territory, keep a true account of the same, and remit by draft or postal order to the first parties 5c. per rod of the commission, after he has received all of the commission amounting to $360.00 on the first 7J miles that are sold, as he has this day paid $120 to the first parties by the execution of his obligátion, the commission on 2J miles of fence, the said 2J miles of fence to be sold in one year from the above date, as said obligation is given in consideration of the township, -§ interest in the business and privileges herein granted, and if said 2-J miles of fence are not sold at the expiration of one year, and said $120 not obtained by the extended date of one year from maturity of said, obligation, said Cole, Grant &, Co., or their authorized representatives, are unconditionally empowered to cancel said obligation of said agent and appoint another agent in his stead, returning to said agent the original ob
“The second party has also the right to use on all his own lands the fencing at factory prices, and the exclusive management of the business in his territory, and is to report amount of business by letter to the first parties at his .general office in Bloomington, Ill., quarterly, on or before January, April, July, and October.
“ In witness whereof, we have hereunto set our hands the day and year above written.
“Cole, Grant & Co.
“G. E. Crawford.
“ Note.—Two of the above contracts are to be filled out exactly alike, and both of the contracting parties sign them, so each will hold a copy.”
This is a very plausible agreement, with many advantages in favor of the alleged agent. It may have been fraudulent, although there is but little proof on that point. The defendant, however, in anticipation of profits to be derived from the sale of the fencing set forth in the contract, gave the note in question. This is negotiable, and he must have known that it was liable to be transferred to a bona fide holder. The note is, in effect, admitted to be genuine, and the plaintiff claims to be an innocent purchaser before maturity and without notice, and has introduced proof to sustain his contention. This .proof preponderates over that of the defendant. The judgment of the district court is reversed and the cause remanded for further proceedings.
Reversed and remanded.
Reference
- Full Case Name
- A. Reuber v. George E. Crawford
- Status
- Published