Bohart v. Chamberlain

99 Mo. 622
CourtSupreme Court of Missouri
DecidedOctober 15, 1889
StatusPublished
Cited by3 cases

This text of 99 Mo. 622 (Bohart v. Chamberlain) is published on Counsel Stack Legal Research, covering Supreme Court of Missouri primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Bohart v. Chamberlain, 99 Mo. 622 (Mo. 1889).

Opinion

Sherwood, J.

This proceeding, an equitable one, was instituted to declare and establish a deed of trust on the southwest quarter of section 30, township 55 of range 30, the petition alleging that the deed had been [625]*625executed, but subsequently lost or destroyed; and there was a prayer for general relief. The answer was a general denial.

The evidence, as preserved in the bill of exceptions, is as follows : The plaintiff, to maintain the issues on his part, testified in his own behalf: “About September 3, 1882, the defendant was indebted to the Lathrop bank on several notes amounting in the aggregate, including interest, to $769.34. These notes were secured by several notes payable to defendant, which were deposited as collateral; in addition to these liabilities, the defendant was indebted to the bank for overdrafts to the amount of $1,735.95. I asked the defendant to secure the amount of his overdraft. Defendant proposed to execute deed of trust on his farm just east of Lathrop to secure the whole amount of his indebtedness, provided I would permit him to withdraw the collaterals so that he could collect them and pay the proceeds on his indebtedness. I consented to this, and drew up a note for $2,503.29, being the amount of his notes and overdrafts, which he signed. In a short time he came back with a deed of trust and handed it to me. I examined it, and found that it was properly signed and acknowledged, securing the note of $2,503.29. I then compared the description of the land in the deed of trust with my county map and found it to be correct, being the southwest quarter of section 30, in township 55 of range 30, in Clinton county, Missouri. Having satisfied myself that it was properly executed, I handed the deed of trust and note to J. R. Pope, my book-keeper, with directions to register the same; and I delivered to the defendant his notes and collaterals and credited his account on the bank books the amount of his overdrafts, $1,733.95.

“Chamberlain (the defendant) handed back the collaterals, which were placed in an envelope with Chamberlain’s private papers for safe keeping, and [626]*626subject to Chamberlain’s order. Several of the notes were subsequently paid, and the amounts passed to the credit of Chamberlain on the books of the bank; these amounts were checked out by Chamberlain and credited on his note of $2,508.29, as, appears by endorsement of credit on the back of the note and by the books of the bank. I think the deed of trust was acknowledged before B. J. Burk, and that J. R. Pope was named in it as trustee; at the time of the transaction I made a pencil memorandum on margin of note that it was secured by deed of trust. The deed of trust is lost. I have looked for it diligently, and cannot find it. The deed of trust was executed September 15, 1882, to cover interest, as I charged interest on overdrafts of each month.”

On cross-examination the witness said: “ The deed of trust, I think, was acknowledged before B. J. Burk. I don’t know why I failed to have it recorded; it is my habit to have them recorded. After the execution and delivery of the note and deed of trust, on September 15, 1882, I sold the bank on February 1, 1883, to my brother, James M. Bohart, and this note and deed of trust was turned over to him as part of the assets of the bank.”

On re-examination the witness said: “The note was not endorsed or assigned to' my brother, and was turned over to him with the understanding that it was secured by' a deed of trust. I instituted a suit and recovered a judgment on the note in this court.” Witness,, being shown the petition and note attached thereto, in said suit, stated : “This is the note referred to, and the credit of one thousand dollars was paid by Chamberlain by check on his account in bank; the pencil memorandum on the margin of note was placed there by me at the time the note was executed and delivered.”

The plaintiff then offered in evidence the note and petition for suit thereon, which are, in words and figures, as follows : [627]*627“$2,503.29. Lathrop, Mo., September 1, 1882.

Nine months after date I promise to pay to W. H. Bohart, cashier, or order, at the Lathrop bank in Lathrop, Missouri, twenty:five hundred, three and twenty-nine-hundredths dollars for value received, negotiable and payable without defalcation or discount, with ten per cent, interest per annum after date; the interest, if not paid annually, to become a part of the principal and bear the same rate of interest.

“No. 832. L. C. Chamberlain.”

Deed of trust one hundred and sixty acres, southwest quarter section 30, township 55, range 30. Said note is endorsed on the back as follows :

“1,000. Received on within note one thousand dollars, January 2, ’82.

“Received on the within note five hundred dollars, July 27, 1883.”

The petition is as follows, to-wit:—

“Willard H. Bohart,

Plaintiff,

v.

“Lucian C. Chamberlain,

Defendant

In the Circuit Court of -Clinton county, Missouri, April term, 1885.

“Plaintiff states that defendant, by his promissory note, herewith filed, dated September 1, 1882, promised for value received to pay plaintiff at the Lathrop bank in Lathrop, Missouri, twenty-five hundred, three and twenty-nine-hundredths dollars, nine months after the date thereof, with interest thereon from said date, at the rate of ten per cent, per annum, and stipulating thereon that, if the interest should not be paid annually, the same should become as principal and bear the same rate of interest.

“Plaintiff states that defendant on the second day of January, 1883, paid on said note the sum of one thousand dollars, and on the twenty-seventh day of July, 1883, defendant paid thereon the sum of five hundred [628]*628dollars ; that defendant is entitled to a credit on said note for fifty-eight and eighty-hundredths dollars on account for brick sold by Jas. M. Bohart; that the balance and interest thereof remain due and unpaid, and for which plaintiff prays judgment.

“ Tuos. J. Porter,

“Attorney for Plaintiff.”

J. R. Pope being duly sworn said : “I was bookkeeper from September, 1880, to May, 1883, in the Lathrop bank; the entries on the bank books here shown me were made by me at the date therein given; those entries are as follows : The individual ledger, which I have before me, shows, September 15,1882, L. C. Chamberlain’s account amount of overdrafts to be $1733.95. The discount register of the bank (which I have before me) shows of date, May 25,1881, note against Chamberlain two hundred and twenty-five dollars; June 25,1881, one hundred dollars; March 22, 1881, three hundred and fifty dollars. On cash book of September 15,1882, cash is charged interest Chamberlain notes $94.34 on that date. Chamberlain’s indebtedness to bank on account of notes and interest thereon together with overdrafts amounted to $2503.29. On that day, September 15, 1882, the check and deposit book show that Chamberlain’s account was credited $1733.95 to balance overdrafts. Referring to the cash book of date September 15, 1882, it shows the three notes for two hundred and twenty-five dollars, one hundred dollars and three hundred and fifty dollars respectively and interest on same $94.34, amounting in all to $769.34, were paid. On the same date (September 15, 1882) the discount register (which I have in my hands) shows that L. C.

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Bluebook (online)
99 Mo. 622, Counsel Stack Legal Research, https://law.counselstack.com/opinion/bohart-v-chamberlain-mo-1889.