Estes v. Fry

65 S.W. 741, 166 Mo. 70, 1901 Mo. LEXIS 312
CourtSupreme Court of Missouri
DecidedDecember 17, 1901
StatusPublished
Cited by10 cases

This text of 65 S.W. 741 (Estes v. Fry) 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
Estes v. Fry, 65 S.W. 741, 166 Mo. 70, 1901 Mo. LEXIS 312 (Mo. 1901).

Opinion

MARSHALL, J.

This is a suit begun on April 3, 1890, upon a promissory note, dated March 10, 1871, for one thousand dollars, with ten per cent interest per annum from date, the interest if not paid to be compounded annually and added to the principal, made by Jacob Ery, to the order of James Wigginton, and by him indorsed to Eielden Estes. Ery died [76]*76before! the institution of the suit and the action is against his executors. Estes died since the appeal was taken, and the action has been revived in the name of William P. Stark, his executor. The petition is in two counts. The first count is an action at law based on the note, and after appropriate allegations in such actions, further alleges the institution of a prior suit on the same note in 1881 and that the plaintiff suffered a nonsuit in said prior action on March 18, 1890, and the institution of this suit on the-day of March, 1890. The second count is in equity, asking a judgment of foreclosure of a deed of trust, upon certain land therein described, given to secure the payment of the note described in the first count.

The answer admits the execution of the note and deed of trust, and then sets up the following defenses: Eirst, payment; second, that in addition to the note sued on Fry executed and delivered to Estes two other notes, one dated December 1, 1866, fvor $1,100, one dated April 1, 1870, for $1,965.33, and also executed and delivered to Jacob Block one note dated April 29, 1874, for $1,076.24, which Block after-wards assigned to Estes, each of said notes bearing ten per cent compound interest, and then pleads various payments and an error in the amount of the note for $1,965.33, which, it is alleged, reduced that note to nine hundred dollars, whereby, it is averred, that all the notes, including that sued on, had been paid before the institution of this action, and a decree is asked declaring the note to be fully paid and cancelling the deed of trust; third, that in 1881 Estes sued Fry on the note here in controversy in an ordinary action at law, and afterwards, on August 27, 1889, he filed an amended petition in which he changed the form of his action from law into equity, and asked for an accounting as to the amount due on said $1,000 note, and for a foreclosure of the deed of trust securing the debt; that on March 18, 1890, the defendants filed a motion to strike out the amended petition upon the ground that it was not properly an amendment of the original cause of action, but [77]*77was a substitution of another and a different cause of action-that pending the consideration of the motion the plaintiff voluntarily, .by leave of court, withdrew his amended petition, the court then sustained the motion, and the plaintiff, by leave of court, refiled his original petition, and then voluntarily declined to further prosecute his action and permitted the same to be dismissed. IJpon this predicate the defendants pleaded that the note sued upon is barred by the statute of limitations. The reply is a general denial.

■The court tried the third defense first and separately, and it being admitted that this suit was begun within one year from the date of the nonsuit of the former action, the court refused to give an instruction asked by the defendants that tire amended petition in the former suit was not properly an amendment of the original petition, but was a substitution of a new cause of action, and, therefore, an abandonment of the original cause of action, and, hence, the statute of limitations was a complete defense to this action, and thereupon decided that issue in favor of the plaintiff. The defendants filed a motion for a new trial, the court overruled the motion, and defendants filed a bill of exceptions.

Thereupon, over the defendant’s objection, the court referred the cause to a referee to try the issues joined by the pleadings. After a very lengthy and exhaustive hearing, during which the testimony was allowed to take a very wide range and covered many dealings, for many years, between Estes and Ery, and the evidence was not only conflicting and irreconcilable, but at times very acrid, the referee reported that there was a balance due on the note sued on of $5,825.17. The defendants filed seventeen exceptions to the report of the referee, but the court overruled them. Thereafter, the court took up the second or equity count of the petition and after a hearing and trial thereon, entered a judgment on the first count for $5,825.17, together with ten per cent interest per anuum, compounded annually, from March 16, 1892, the date of the [78]*78referee’s report, to the date of the judgment, which was on the twenty-third day of June, 1898, amounting to $3,319.60, and which by an arithmetical error was stated to aggregate $10,319.60, instead of the true amount of $9,144.77, which thereby made the judgment on its face excessive in the sum of $1,174.83, and also entered a decree of foreclosure of the deed of trust as prayed for in the second count of the petition, and ordered the land to be sold, and after the payment of the expenses, the sum of $10,319.60 to be applied in payment of the note.

Erom this decree the defendants appealed.

I.

This remarkable controversy has had an unusual career, and this judgment illustrates how interest, compounded annually, can be made to run, even while the maker of the note sleeps, until it exceeds .by many times, the amount of the original debt. The note is for $1,000, and is dated March 10, 1871. One hundred dollars interest was paid thereon on March 10, 1872, and a like amount on March 10, 1873. These are the only credits indorsed on the note. In June, 1881, suit was brought on the note, in the Louisiana Court of Common Pleas. The venue was changed, first, to St. Louis county and, afterwards, to Ralls county. It appears to have stood still from the time it got into the Ralls Circuit Court until March 18, 1890, when the plaintiff suffered a nonsuit. This action was then begun on April 3, 1890, in Pike county. In September, 1891, it was tried in the circuit court on one feature of the case, to-wit, the statute of limitations; a judgment on that issue was entered for the plaintiff, a motion for a new trial was filed and overruled, and a bill of exceptions filed. About the same time the cause was referred to a referee to try the issues joined. The referee filed his report very promptly on March 16, 1892, and the defendants filed their [79]*79exceptions thereto on March 19, 1892. There the matter rested, for over six years, and until June 23, 1898, when the excejrtions were overruled and the judgment entered. When the referee filed his report in March, 1892, he found that the debt had increased from one thousand dollars to five thousand, eight hundred and twenty-five dollars and seventeen cents, and from the date of the referee’s report until the date of the judgment on June 23, 1898, the court added as interest, $3,319.60 more to the $5,825.17. Both of the parties litigant have died, but the compound interest if still added would make the judgment amount to over twelve thousand dollars, and the controversy has been in court over twenty years. Counsel are disagreed as to the nature of the action, whether it is partly at law and partly in equity, or wholly in equity.

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Bluebook (online)
65 S.W. 741, 166 Mo. 70, 1901 Mo. LEXIS 312, Counsel Stack Legal Research, https://law.counselstack.com/opinion/estes-v-fry-mo-1901.