Dielmann v. Citizens' Nat. Bank of Madison

66 N.W. 311, 8 S.D. 263, 1896 S.D. LEXIS 15
South Dakota Supreme Court·Decided February 19, 1896·Published·Cited by 9 cases

Opinion

Corson, P. J.

This was an action by a bank depositor to recover from the defendant bank the balance claimed to be due him as such depositor. The defendant answered, denying many of the allegations of the complaint; and pleaded, as a counterclaim or defense, a balance of $273.59, claimed to be due the defendant on a promissory note executed by one Rice to the plaintiff, and indorsed by said plaintiff, and which had become the property of the defendant bank, and which amount it had deducted from plaintiff’s account. To this counterclaim or defense the plaintiff, in a reply, pleaded the statute of limitations in bar. The plaintiff recovered judgment for the full amount of his deposit, and the defendant appeals. The note on which the counterclaim is based bears date July 28, 1884, and was by its terms payable on or before July 28, 1885. The plaintiff, as payee, transferred the note before its maturity. This action was commenced subsequently to December 1, 1891, more than six years after the maturity of the note, and the defendant bank claims to have applied the sum of $273.59 of the plaintiff's deposit to the payment of the balance due on said note, at about [268] the latter date. On the trial, the plaintiff introduced evidence tending to prove that on December 9, 1891, he had on deposit with said bank the sum of $478, which the defendant, on proper demand, refused to pay him; and rested. The defendant, thereupon, to prove its counterclaim or defense, introduced in evidence the promissory note in controversy set out in its counterclaim or defense, with the indorsement of the plaintiff thereon, and evidence tending to prove that there was due and unpaid thereon on December 1, 1891, the sum of $273.59, and that on July 25, 1885, certain payments were indorsed upon the note, and that on March 22, 1889, the receipts of the proceeds of a sale of foreclosure of a mortgage, given to secure the payment of said note by the maker, were indorsed upon the note at that date; and rested. The plaintiff offered no further evidence, and the case was thereupon submitted to the court, which found, among other facts, the following: “That the plaintiff therein is a resident of Lake county, South Dakota, and has been a resident of said Lake county during all the times mentioned in the pleadings in this action.” “Third. That the plaintiff deposited money in the defendant bank at various times, and that on the 9th day of December, 1891, plaintiff had on deposit in defendant bank the sum of $478. Fourth. That on the 9th day of December, 1891, plaintiff presented his check on defendant bank, payable to himself, for $478, at the counter of said defendant bank, during the business hours, and that said check was then and there refused. Fifth. That said defendant bank had in its possession, on said December 9, 1891, a certain note drawn by Elbert N. Rice, payable to plaintiff, dated July 28, 1885, for $400, and on'the back of which was written the name of the plaintiff, preceded by the words, ‘Pay to the order of W. F. Smith.’ ” The statement in the abstract given in the fifth finding of the court, that the note bears date of July 28, 1885, is clearly a clerical error, as the note, as copied in the record and as set out in the answer, bears date of July 28, 1884, and [269] was made payable on. or before July 28, 1885. In tbe briefs of counsel it is treated as bearing date of July 28, 1884, and it appears to have been protested for nonpayment July 31, 1885. We shall therefore assume that the date of the note as stated in the fifth finding was intended to be read 1884 instead of 1885. The court concludes as matters of law, as follows: ‘‘Second. That due and legal demand of payment of said sum was made by said depositor on said December 9, 1891, by presenting his check for said amount at the counter of said bank, during business hours, payable to himself. Third. That no part of said money has ever been paid said plaintiff by defendant, but there is now due the plaintiff from defendant the sum of $478, and interest thereon at 7 per cent per annum from December 9, 1891. Fourth. That the note held by defendant, and introduced in evidence and marked ‘Exhibit A,’ came due July 28, 1885. Therefore more than six years had elapsed since the maturity of said note, before the commencement of this action, and hence action on this note is barred by statute of limitation. ”

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Dielmann v. Citizens' Nat. Bank of Madison, 66 N.W. 311, 8 S.D. 263, 1896 S.D. LEXIS 15 (S.D. 1896).

66 N.W. 311 (Dielmann v. Citizens' Nat. Bank of Madison) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

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