Fain v. Jones
Fain v. Jones
Opinion of the Court
delivered the opinion of the Court.
The complainant, Fain, as the administrator of Moore, is .•a creditor of the firm of Jones & Smith — composed of James ,H. Jones and Caleb Smith — and files this attachment bill with a view to reach certain funds and assets in the hands of the •■firm of James H. Jones & Co., which he alleges are equitably .liable to the satisfaction of his demand. It is shown that this latter firm received from the firm of Jones & Smith certain .spun thread, and other merchandize, which have been con-uverted into money; and relief is sought upon the ground that
The complainant, M. A. Cassady, is the widow and executrix of James IT. Jones, and files her bill seeking the very same decree demanded by the said Fain, namely, that the debt due the estate of said Moore may be paid by the assets of James H. Jones & Co., in the hands of T. M. Jones, as the administrator of William P. Jones, upon the footing of the indebtedness of said firm to the firm of Jones & Smith.
The complainants, in each of these bills, must stand or fall upon the rights and equities of the said James H. Jones and Caleb Smith. If they could have no valid claim to the decree now sought against T. M. Jones, as the administrator of William P. Jones, neither can Eain, as a. creditor of Jones & Smith, or Cassady, as the executrix of James H. Jones. The general creditors of a firm have no lien upon the partnership assets if the partners themselves have none. The claim of the creditors must be worked out through the equities of the partners; and if they have none, neither have the creditors.
The inquiry here then must be, what were the equities of the firm of Jones & Smith against James H. Jones & Co. ? Could the former firm have had a decree against the latter upon the principle of these bills ? James H, Jones & Co. were merchants, but in order to collect the debts due them from their creditors, occasionally purchased and drove hogs into the Southern market for sale. In the fall of 1848 they purchased a drove, which, Avith some of their own — in all over three hundred head — they carried to the State of North Carolina, and, at the house of one Barkley, as we are satisfied from the proof, sold them to Jones & Smith, who, after
We are satisfied that Smith had no interest in the hogs purchased by James H. Jones & Co. until he and James H. Jones purchased them at Barkley’s: and that William P.
It is true that nothing appears upon the mercantile books of James H. Jones & Co. either as to the indebtedness of Jones & Smith to them, or as to the proceeds of the sale of the thread and other merchandize. But we think this can make no difference, since there must have been an indebtedness to James H. Jones & Co. for the hogs sold at Barkley’s; and we are wholly unable to see how it was paid unless in the proceeds of the thread and merchandize; and it is shown that the books of this firm -were not very accurately kept.
It is supposed and argued that there is a fatal conflict between the answer filed by the defendant, T. M. Jones, to the bill of M. A. Cassady, and the one subsequently filed to the bill of Moore. But we think both answers may very well stand together, and are consistent.
The same result might, perhaps, be attained upon other grounds. The Chancellor denied complainants any relief, and we affirm his decree.
Case-law data current through December 31, 2025. Source: CourtListener bulk data.