Eiseley v. Norfolk National Bank

131 N.W. 608, 89 Neb. 382, 1911 Neb. LEXIS 202
CourtNebraska Supreme Court
DecidedMay 23, 1911
DocketNo. 16,419
StatusPublished
Cited by3 cases

This text of 131 N.W. 608 (Eiseley v. Norfolk National Bank) is published on Counsel Stack Legal Research, covering Nebraska Supreme Court primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Eiseley v. Norfolk National Bank, 131 N.W. 608, 89 Neb. 382, 1911 Neb. LEXIS 202 (Neb. 1911).

Opinion

Fawcett, J.

Plaintiff brought suit in the district court for Madison county against the Norfolk National Bank and the defendant Rainbolt to recover damages for an alleged wrongful attachment levied upon plaintiff’s stock of hardware in the city of Norfolk, the bank being the plaintiff in such attachment suit, and defendant Rainbolt surety upon the' attachment bond. The case was subsequently dismissed as to the bank, and the trial proceeded against defendant Rainbolt individually. After both sides had [383]*383rested, defendant moved for a directed verdict in his favor. The motion was sustained, and from a judgment entered upon the verdict so returned plaintiff appeals.

The pleadings, the evidence, the assignments of error, and the briefs in this court are all unnecessararily voluminous and will not be referred to in detail. As we view the record, after a very careful examination of the same, the real questions involved are quite simple. The record shows that for a number of years prior to September 25, 1896, plaintiff had been engaged in the hardware business in the city of Norfolk. According to his own testimony, plaintiff’s business for the two years immediately prior to said date had not been as profitable as in previous years, and, notwitstanding the fact that plaintiff had reduced his stock $1,000 during the two years prior to the date named, he had not been able to promptly meet his liabilities. During the last three months of 1895 at least three of plaintiff’s creditors had reduced their claims to judgments against him in the county court of Madison county. The answer of defendant sets out these judgments. The return of the sheriff upon the attachment sued out by the bank shows that the attachment was levied September 26, subject to a prior levy on the day preceding under executions upon four judgments, viz., the three judgments set out in the answer, and ope in favor of George Bishop for $142. At the time of levying the executions above referred to, on September 25, 1896, possession of the stock was taken by the sheriff. On the next morning, September 26, the bank obtained a writ of attachment and placed the same in the hands of the sheriff, who at once levied the same, subject to his levy under the four executions set out in his return. Plaintiff testified that the attachment was procured without his knowledge and in the face of an assurance given by him on the evening of the 25th, after the executions had been levied, that he would pay the bank’s claim of $1,500 and accrued interest on the next morning. Upon the trial plaintiff introduced as a witness Mr. W. EL [384]*384Bucholz, who at the time the attachment was levied was cashier of the bank, but who now has no connection therewith. He testified that on the evening before the attachment was issued, and after the executions had been levied, he called upon plaintiff at plaintiffs residence, and had a general talk with "him about his affairs generally; that in that conversation they discussed plaintiffs financial situation, “trying to find some way by which we could save part of' the stock that was being threatened, the stock of goods, and apply the proceeds on his home, the mortgage upon his home, in order to save the home for Mr. Eiseley.” He further testified: “I urged him, if he was going to have trouble, to give the bank a preference lien on that $1,500, and have that secured by the stock in addition to what we already had, and he said he couldn’t do that because he had promised Mr. Mann, he had given his word he would not give anybody any security on that stock that night or that day. Then I proposed that we talk over the attachment, and he said that could be done without his violating his word; to go ahead.” Notwithstanding Mr. Bucholz had been introduced as a witness by plaintiff and his veracity thereby vouched for, plaintiff was subsequently permitted to contradict this testimony given by him. We do not think that' under the evidence appearing in this record any weight can be given to this attempted contradiction by plaintiff of a reputable witness whom he had himself placed upon the stand. As has been said, the attachment was levied on the morning of September 26. Two days later, on September 28, plaintiff and the firm of Powers & Hays, attorneys representing ‘ both the judgment creditors and the attaching creditor, took, the matter up in the office of the attorneys, and as a result of that interview plaintiff executed and delivered to Powers & Hays a bill of sale of all of the personal property which had been levied upon under the executions and attachment, subject to an account of $200 and interest to the I. L. Elwood Manufacturing Company; a judgment of $111.90, with interest and costs, in favor of the G. Sydney [385]*385Shepherd Company; a judgment of $309.81, with interest and costs, in favor of the Michigan Stove Company; a judgment of $109.40, with interest and costs, in favor of the Nortlifield Knife Company (the three judgments set out in defendant’s answer); and a note (upon which the attachment was based) in favor of the Norfolk National Bank for the sum of $1,831.25, and the interest accrued and to accrue thereon. When this bill of sale was executed and delivered to the attorneys, the levies under the executions and attachment were all released, and Powers & Hays took possession of the stock of hardware under the bill of sale. In something less than two months thereafter, the sheriff levied upon this stock, then in the hands of Powers & Hays, under a tax distress warrant against the plaintiff, covering taxes from 1891 to 1896, aggregating about $490, took possession of the stock under such levy and sold the same.

On November 13, 1897, plaintiff commenced an action in the district court for Madison county against the bank and Powers & Hays and the sheriff, Joseph J. Clements, to récover the value of the stock of hardware in controversy, on the ground that said defendants had converted the same to their own use. The petition in that case set out the execution and delivery of the bill of sale above referred to, and the taking possession of the stock thereunder by Powers & Hays. That case proceeded to trial, and resulted in a judgment in favor of defendants therein, the Norfolk National Bank and 'Powers & Hays, and against Sheriff Clements for the full value of the stock, which judgment Mr. Clements paid in full.

On September 28, 1898, plaintiff filed in the United States district court for the district of Nebraska a voluntary petition in bankruptcy. In that case he scheduled a large amount of liabilities, and no assets except $100 of exempt property consisting of “necessary household and kitchen furniture.” He was duly adjudged a bankrupt and in due course obtained his discharge.

The above facts are, with the exception of the clair.i [386]*386that the attachment was levied with the prior consent of plaintiff, either admitted or indisputably established.

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Cite This Page — Counsel Stack

Bluebook (online)
131 N.W. 608, 89 Neb. 382, 1911 Neb. LEXIS 202, Counsel Stack Legal Research, https://law.counselstack.com/opinion/eiseley-v-norfolk-national-bank-neb-1911.