Cummins v. Wire

6 N.J. Eq. 73
CourtNew Jersey Court of Chancery
DecidedDecember 15, 1846
StatusPublished
Cited by2 cases

This text of 6 N.J. Eq. 73 (Cummins v. Wire) is published on Counsel Stack Legal Research, covering New Jersey Court of Chancery primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Cummins v. Wire, 6 N.J. Eq. 73 (N.J. Ct. App. 1846).

Opinion

The Chancellor.

I will first inquire whether the usury, in the manner and form in which it is set up in either of the answers, is sustained without the testimony of Wire. The answer of Marsh and Willis charges the usury thus : that before the making of the mortgage, and about in March, 1841, Wire applied to the complainant to lend him $2000, and that it was then corruptly agreed, -by and between the complainant and Wire,' that the complainant should lend Wire $2000 and should give day for payment till April 1843 ; and that Wire, for the loan of the said $2000 and the giving day as aforesaid, should give and pay the complainant, before receiving the whole of the $2000, a wagon of the value of $100; also, that Wire should pay the complainant interest on the said sum so agreed to be loaned, at six per cent., from the said 1st of April, 18413 until the time of payment thereof as aforesaid; and that, to secure the repayment of the $2000, with interest, Wire should give his bond for Seo., and secure it by his mortgage &c.; and that, in pursuance of the said corrupt agreement, the complainant lent Wire various sums, at different times, in all amounting to $2000 ; and that, before the whole $2000 was lent and advanced, Wire, in pursuance of the said corrupt agreement, paid to the complain[79]*79ant, and the complainant received from him, a wagon of the value of $100 for the loan of the said sum of $2000 ; and that, for securing the repayment of the said sum on the 1st of April, 1843, with interest, Wire, in further pursuance of the said corrupt agreement, on the 1st of April, 1841, gave his bond and mortgage &c ; which are the same bond and mortgage set forth in the complainant’s bill. The charge is shortly this, that it was corruptly agreed, that Cummins should lend Wire $2000 on interest, and that Wire, for the loan, should give Cummins,, before receving all the money, a wagon of the value of $100, over and above the legal interest; and that, to secure the repayment of the $2000, with legal interest, Wire should give his bond and mortgage ; that in pursuance of the agreement, Cummins lent the $2000, in various sums, at different times, and that, before the whole was advanced, Wire gave, and the complainant received the wagon; and that, to secure the repayment of the $2000, with interest, Wire gave his bond and mortgage.

That a wagon, of the. value of $100, was delivered by Wire at Cummins’s residence, is proved by several witnesses.

James Frashe says, that Cummins and Wire came to Wire’s carriage shop, not far from the 1st of April, 1841, and looked at the bodies and the gearing. That after Cummins left, Wire shewed him a body and gearing to be finished for Cummins. That it was finished that spring, and that he, the witness, by Wire’s direction, delivered it to Cummins, at his residence. That it was delivered about six weeks after Cummins was at the carriage shop as before stated.

Simeon A. Cummins, a son of the complainant, sworn on the part of the complainant, proves the delivery of the wagon; and that it was delivered by Frashe. Ho thinks it was delivered the last of July or first of August.

An effort has been made on the part of the complainant, to show that the wagon was not received by him. I forbear making any particular remarks as to this effort; it is, perhaps, sufficient for me to say that it should not receive the favor of the court. It must be taken as a fact in the cause that the wagon was received by the complainant.

On what account was it delivered by Wire and received by the [80]*80complainant 1 The complainant, in a special replication put in by him, under oath, a novel proceeding at this day, admits that, •Wire did offer him a carriage, after he had so loaned him the said $2000, as aforesaid; 'but which, he says, he absolutely refused to receive and never did receive. Having reached the conclusion that this wagon was received by Cummins, this sentence-is sufficient to show that it was received in consideration of this loan.

What was the amount of the loan 1 The evidence, exclusive of Wire’s testimony, shows that the amount of the loan was. $2000. We have, then, a loan of $2000, secured by the bond, and mortgage, to be paid with interest, and the delivery by Wire and the reception by Cummins of a wagon, of the value of $100,, in consideration of the loan.

When was the wagon delivered, in reference to the time when the money was advanced 1 The answer says it was delivered before all the $2000 was advanced. The special replication admits that Wire did offer him a carriage after he had so loaned him the said $'2000, as aforesaid. These words “so” and “aforesaid,” refer to the statement of the loan previously made in the said replication. The statement is thus; he admits he did. lend Wire, at different times, before and at the time of the execution of the bond and mortgage, various sums of money, and in notes and obligations against good and solvent men, in all amounting to $2000. Wire’s receipt of April 2, 1841, exhibited by the complainant, shows that Wire received from Cummins-

cash, $108148,.

Christian Schmuck’s note for 83 22,.

George Mitchell’s note for 60 00,

Samuel Bell’s note for 6 30,

and Cummins’s own note for 820 00.

We have no testimony as to the precise time when this note off Cummins for $820 was paid.

Jacob A. Hays, a witness .sworn for the complainant, says, he had the large note, (that is Cummins’s note to Wire,) in Ms possession ; he thinks it was for about $800. Wire sent Mm to-collect money, and gave Mm this note against Cummins, among others ; that he called on Cummins, and that, in a day or two,. [81]*81Cummins came up to Warrenville, and saw Wire; and he thinks they then talked about this note. He says that, as far as he recollects, this was before the wagon was got and before this note was paid.

This is all we have in testimony as to whether the wagon was delivered before this note was paid. But when the complainant, in order to meet another view of the case, and to show that the whole amount of the $2000 was lent on the 1st of April, 1841, is driven to produce a receipt of Wire which shows that he, Cummins, gave Wire his note for $820 of it, and does not show when this note was payable, or when the $820 was paid; and when it is shown that Wire sent a man with this note to Cummins to get the money for it, and that he did not pay it to the messenger, but in a day or two afterwards went up to see Wire that shortly after the 1st of April a body and gearing were directed to be finished for Cummins, and that it was delivered, as some of the testimony shows, within six weeks thereafter, other testimony putting it a month or two later; I think it would be asking too much to ask the court to permit these securities to stand because there is a want of precise proof that the wagon was delivered before all the money was advanced. If it was not, there would be very little of substance in the variance; for, whether the wagon was delivered a few days before or a few days after the whole money was advanced, is, substantially of no importance.

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Related

Osco Motors Corp. v. Martin
45 A.2d 454 (New Jersey Court of Chancery, 1946)
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177 N.C. 285 (Supreme Court of North Carolina, 1919)

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Bluebook (online)
6 N.J. Eq. 73, Counsel Stack Legal Research, https://law.counselstack.com/opinion/cummins-v-wire-njch-1846.