Thompson v. M. & M. Bank of Wheeling
Thompson v. M. & M. Bank of Wheeling
Opinion of the Court
The material allegations in the complainant’s bill, upon which he founds his claims to relief are, that he paid the 500 dollars to the bank at Wheeling on the original note for 1022 dollars and 73 cents, made by Hiram Haymond to William Hood, and endorsed by Hood, Cona-way, and the appellant, to and discounted by said bank. That he made his own note for 571 dollars and 99 cents, with Thomas G-. Watson and Alpheus Hoult as his securities, to the bank, as collateral security only for the faithful collection by him, as counsel for the bank,, of the bill or
These allegations are expressly denied by the appellees in their respective answers, and it therefore devolves on the appellant to sustain them by adequate proof. This he has not only failed to do, but they are explicitly disproved, and the answer of the appellee, Watson, in this respect, fully sustained by the evidence taken in the cause.
It appears that shortly after the appellant gave his own note to the bank for the amount of the bill or draft, he took from Hiram Haymond, a certain writing, drawn by the appellant himself, for, as therein alleged, his own protection and indemnity. This paper, called paper “M” in the record, distinctly recites that Jonathan II. Haymond, (for whose accommodation alone the original note was made and discounted), paid the 500 dollars to the bank on the original note, and that the appellant had paid off the bill or draft given for the residue of said note, and was then the holder of same. It also satisfactorily appears from the testimony on the record, that Jonathan II. Haymond, for the purpose of indemnifying the appellant on account of his liability as endorser on the original note and bill or draft, transferred and delivered to him certain obligations on John C. Galla-hue and others, sufficient to cover his said liabilities, and that the appellant actually collected the money on these ob"ligations (except a small amount which was afterwards collected) before he made and delivered his own note to the bank, for the amount of the said bill or draft.
And the recital in paper “M,” as to the actual payment of the bill or draft to the bank by the appellant, is¿ I think,
The appellant does not ask that the collection of this judgment be enjoined; but that Watson be enjoined from collecting the judgment against him and Hoult, founded on his own note delivered to the bank in payment of the bill or draft, — for the reason, that the amount of this judgment ought of right to be satisfied out of the estate of Hiram Haymond, and that it would be inequitable and oppressive to allow it to be collected off of him.
And it is further claimed, that under the state of facts disclosed in the record, a court of equity has no discretion to withhold its aid in granting the appellant relief in the premises. The proposition therefore is, in effect, advanced, that a court of conscience has, on the one hand, no power
I think the decree complained of is right, and ought to be affirmed, with costs and damages.
Decree affirmed.
Reference
- Full Case Name
- William P. Thompson v. M. & M. Bank of Wheeling
- Cited By
- 2 cases
- Status
- Published