McFerrin v. Woods
McFerrin v. Woods
Opinion of the Court
delivered the opinion of the Court.
This bill was filed for two purposes; first, to recover a large amount of usury alleged to have been paid D. M. Jarrett in his lifetime, and when this amount is ascertained, have the same credited on four notes alleged to be held by thé executors against complainants, given in the lifetime of their testator, and also a decree over for surplus due after discharging of the notes.
Secondly, to have a credit of $500 allowed on said notes, as money paid on them, for which a receipt was given but not credited. It is proper to say, that the bill is, to say the least of it, so defective in its allegations, that if demurred to, it could not have been sustained as to the alleged usury. It fails entirely to specify, with any distinctness, the facts on which the relief is prayed, so as to give' the defendants the means of denying the facts, or to give the amount of usury claimed to .have been taken in the transactions alleged to have been running through a period of upwards of twenty years, only, charging that money had been borrowed, and notes renewed, at from ten to eleven per cent., on what amounts is not alleged. Such a bill should, in all cases, charge the amount borrowed, or as near as it may be approximated, the amount of usury in each transaction, and
This, bill alleges that the executors held four notes on complainant, one of $530, which, however, turns out to be for $516 — claims a credit on this note of about $60 — one for $350, or perhaps $400, on complainant alone;. one for $85, and one for about $464, which, however, turns out to be for $442. This last note is charged to be the balance of a continuous series of usurious .transactions, running through a period of twenty years or more. No usury is charged as to the other three notes. The bill then gives, in general terms, the statement that the complainant commenced borrowing money from said Jarrett over twenty years before, at a rate of discount, is the language, from ten to eleven per cent., and gave a note at the commencement of the transaction, and would sometimes pay a portion, and before it was paid up would bor
In the first place/ if the facts were proven in the precise terms alleged, they would not furnish an intelligent basis on which an account could be made out, showing how much usury had been paid, for no one can tell, from the facts as alleged, how much was paid at any time, nor how much money was originally borrowed, nor how much additional had been loaned in the' interim between the first borrowing and the giving of this last note. This would furnish an insuperable objection, on the plain ’principle, that a party asking relief of a Court, must, when the facts he alleges are denied, make out his case by a reasonable preponderance of proof, and in so definite a form as that his right shall be rendered tangible for the action of the Court.
In the next place, the proof could not do more, on sound principle, than prove the case as alleged, and as we have said, if all alleged was proven on this question, it would not make out a case for the intelligent action of a Court.
Lastly, the proof on this question is no- more definite than the allegations, when closely scrutinized, and we may add, has many circumstances of grave
This charge in the bill is as follows: “ Your orator will state,- that said Jarrett, a few months before death, expressed a wish that said usury should be settled with your orator, and admitted that .he had collected over $2,100 of usury from your orator, and that he wished your orator to have the same back, which he believes would have been settled without a suit, but he died before the same was adjusted.” On this question, if any such statement was made, as to which we doubt whether any was made, in which there was such an acknowledgement of a debt as would revive it against the bar of the Statute, it is clear that all such conversations evidently had reference to the dealings of Jarreft with the firm B. L. & A. S. McFerrin, and as such, would be only due the firm. As a matter of course, neither before nor after the dissolution could one member individually sue for and recover such money. It would have to be sued for and recovered in the name of the firm, both members being alive. Admitting, for the argument, that an admission that a party had received usury to a certain amount, or about that sum, which he was willing to
It is proper to say, that while, in strict law, if the complainant had proven his case to our satisfaction, he would be entitled to relief, yet his case, as shown in the record, impresses us with the idea of an effort to meet his honest liabilities to the estate of Jarrett, by a most unfounded claim on his part, and that against the estate of a party from whom he had received many favors, and which he would have
The result is, the decree of the Chancellor is reversed. A decree will be entered here in accordance with this opinion, complainant paying the costs of this and the Court below.
Case-law data current through December 31, 2025. Source: CourtListener bulk data.