Monroe v. Hussey & Burbank
Monroe v. Hussey & Burbank
Opinion of the Court
Is the law for the plaintiff, or the defendants, upon these facts ? When the said mortgage, or bill of sale, for it purports to be an absolute bill of sale, was made, the act of 1853 {Session Laws of 1852-3, page 65) was in force, which provides that “ no bill of sale for the transfer of personal-property shall be valid as against existing creditors, or innocent purchasers, where the property is left in the possession of the vendor, unless the bill of sale be recorded in the auditor’s office of the county in which the property is situated, within ten days after such sale shall be made.” Defendants, it is said, are not protected by this statute, because they were not “existing creditors” when the bill of sale was made. Admitting that defendants are beyond the purview of said statute, which is not entirely clear, then, without doubt, their rights are to be ascertained and determined by the common law. Chief-Justice Marshall, in the ease of Hamilton v. Russell, 1 Cond. R. 318, says, “ in some cases a
Judge Story, after stating that it is now fully settled that the said statutes of Elizabeth are only in affirmance of the common law, adds that, upon principle, independent of all authority, it would seem that substantial justice requires that a party, who has a secret transfer of property left in the possession of the original owner, should be held to waive his rights in favor of creditors and public officers, even if the ease were not held infected with fraud. “ Virgilantibus non dormientibus leges subservient.” Here was an unconditional sale by Savage to plaintiff, unaccompanied by possession, and, therefore, we must conclude that it was not good as against defendants, who are attaching creditors. (3 Co. 80; 2 T. R. 587; Hare & Wallace Amer. Leading Cases, vol.
Judgment for defendants.
Reference
- Full Case Name
- John Monroe, in Error v. Hussey & Burbank, in Error
- Status
- Published