Pharis v. Dice
Pharis v. Dice
Opinion of the Court
delivered the opinion of the court.
These cases are before us upon writs of supersedeas to
They were actions of debt upon three several bonds falling due at different times, one for $1,000, payable one day after date, and the other two for $1,750 each, payable one twelve months after date, and the other two years afterdate, and all bearing date 30th December 1862.
The defendant in each case pleaded payment, and insisted upon scaling the amount of his obligation in each case in accordance with the recognized scale of depreciation of Confederate treasury notes as compared with gold as a standard of value. There was a verdict and judgment in each case for the amount of the bonds respectively, with interest from the respective days of their maturity.
A motion was made by the defendants “to set aside the verdicts and judgments which motion was overruled. But no bills of exception were taken to the judgment of the court overruling said motions, and there were no certificates of facts proved on the trials made by the court.
The only bill of exception taken in each case, was the following: “ Be it remembered, that after the j ury were sworn to try the issue joined, the plaintiff, to maintain the issue on his part, gave in evidence to the jury the single bill in the plaintiff’s declaration mentioned, in the woi’ds and figures following, to witand then follows a copy of the bonds respectively sued upon : and then the plaintiff rested his case. And thereupon, the defendant, to maintain the said issue on his part, gave evidence to the jury, tending to show that, in the year 1862, he had purchased from the plaintiff a certain property in the county of Rockingham, known as the Bellefont Mill property, for $7,000 ; that he paid on the. 30th December 1862, the-sum of $2,500, in Confederate States treasury notes, and on the same day gave his
Defeudaut also gave in evidence to the jury, to show that the said sale was for Confederate States treasury notes, and that the said single bills were to be paid in Confederate States treasury notes.
"Whereupon, the counsel for the defendant moved the court to instruct the jury as follows: “If the jury believe from the evidence, that, according to the true understanding and agreement of the parties, the bonds on which these suits are brought were to be paid in Confederate States treasury notes, or were entered into with reference to such notes as a standard of value, they shall reduce the nominal amount of said bonds to their true value, at the time they were made or entered into, or to their value at such other time as the jury may think right.” But the court refused to give this instruction, and in lieu thereof gave to the jury the following instruction: “If the jury believe from the evidence, that the bonds in question were executed for the purchase of land, and that such contract was according to the true understanding and agreement of the plaintiff and defendant, to be fulfilled or performed in Confederate States treasury notes, or was entered into with reference to such notes as a standard of value, the same shall be liquidated, by reducing the nominal amount due and payable under such contract, to its true value at the time they were respectively, made and entered into, or at such other time as to . the jury may seem right in the case. Or if the jury believe, under all the circumstances, the fair value of the property sold, would be the most just measure of recovery, they may adopt such
It will be observed that the instruction given adopts the precise language of the amended act; w'hile that asked for by the defendant’s counsel is confined to the original act. The one is propounded upon the theory that where the contract is to be paid in Confederate States treasury notes, or was entered into with reference to such notes as a standard of value, the only measure of recovery (whether the consideration was for the purchase, or renting, or hiring of property or not) is the reduction of the nominal amount to its true value according to the gold standard. The other (the instruction given by the court), asserts the proposition that the gold standard is not the only measure of recovery. But if the consideration of the contract was property, then the value of the property sold might be adopted as the sum to be paid, if under all the circumstances the jury shall believe that to be the most just measure of recovery.
Which one of these two propositions is right, depends upon the construction to be given to the act referred to, and the amendments to that act.
The preamble to the first act expresses in forcible language the urgent and manifest necessity for its passage, and affords a safe light to guide us in its construction. It is in these words : “ Whereas a depreciated currency,
The first section of the act then provides that where the contract between the parties was made and entered into between the first day of January 1862, audthe 10th day of April 1865, it should he lawful for either party to show by parol or other relevant testimony, what ^ras the true understanding and agreement of the parties in respect to the kind of currency in which the contract was to be fulfilled, or performed, or with reference to which, as a standard of value, it was made and entered into.
The second section of said original act provides that whenever it shall appear that the contract, according to the true understanding and agreement of the parties, was to he fulfilled or performed in Confederate States treasury notes, or was made and entered into with reference to said notes, as a standard of value, the same shall be liquidated and settled by reducing the nominal amount to its true value at the time they were respectively entered into, or at such other time as to the court may seem right in the particular case.
Sudh was the act as originally framed and passed. But experience soon proved, that in many cases, the mode herein adopted was an inequitable adjustment of the mutual rights and liabilities growing out of such con
This, we think, is a fair construction of the two acts under consideration. It is proper to notice (and this will fully answer one of the positions taken by the learned counsel for the plaintiff in error), that the amendment contained in the proviso to the 1st section was manifestly intended to be an amendment to the 2nd section of the original act.
This was no doubt a clerical error in appending the proviso containing the important and radical amendment, to the 1st instead of the 2nd section. It ought properly to have been inserted in the eleventh line of section 2nd, after the words “in the particular case,” in order to carry out the manifest legislative intent, and the scheme of adjustment adopted. In construeing statutes the leading object will always be to carry out the manifest legislative will and intent, and if it be necessary for that purpose the courts will not only transpose sentences, but re-arrange sections. This has been done even in criminal cases, by this court, in the construction of statutes regulating criminal trials, where the greatest strictness of construction is required. Matthew’s case and Garner’s case, 18 Gratt. 989.
It is only necessary to read the act amending the act of March 1866, to conclude that the amendment referred to was intended as a proviso to the second section, and not to the first, where it has been incorporated manifestly by mistake. The proviso referred to is not applicable to the 1st section, because that' section simply authorizes the introduction of parol or other relevant testimony, to show what was the true understanding and agreement of the parties in respect to the kind of currency in which the contract was to be fulfilled or performed, but makes no pro vision as to the measure of re
But it is insisted by the learned counsel for the appellee, that the construction of the two acts of the legislature would be “ to enable the jury to make a new contract, to fix a new price and a new standard of value for the parties, while they were contracting with reference to Confederate notes as a standard of value.” We do not think the objection is well taken. It must be remembered that, in the abnormal and perplexing condition of things in which the close of the war found the people of this State, legislation was absolutely necessary to adjust the rights and liabilities of creditors and debtors growing out of dealings with respect to a currency which perished with the fall of the Confederacy. For four years and more the Confederate States treasury notes were the only currency of the country. Contracts during that period were for the payment of that currency, or were predicated on that currency, which had greatly depreciated. Many of these contracts remained unadjusted at the close of the war, when that currency had perished; and the perplexing aud all-important question wras, how were they to be adjusted.
The legislative department of the government, directly representing the people, and knowing their wants, presented a plan of adjustment in the act of the 3rd March 1866. It being found by experience that this plan of adjustment, while it settled upon equitable principles many cases arising during the war, did not in others meet the full measure of justice and equity between the
In the case before us the facts are not certified, and we have no means of ascertaining which of the two modes indicated by the statutes we have been considering would be the most just measure of recovery in this particular case ; but we are constrained to say that there was no error in the instruction given by the court, which was couched in the very language of the statute.
We are therefore of opinion that the judgment of the Circuit court of the county of Rockingham ought to be affirmed.
Judgments affirmed.
Reference
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- Pharis v. Dice—Three cases
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