Gaines Bros. & Co. v. Citizens' Bank of Henryetta

1921 OK 401, 204 P. 112, 84 Okla. 265, 1921 Okla. LEXIS 438
Supreme Court of Oklahoma·Decided November 29, 1921·No. 10418·Published·Cited by 20 cases

Opinion

JOHNSON, J.

This action was commenced on October 3, 1917, by the Citizens’ Bank of Henryetta, a corporation, as plaintiff, against Monarch Coal Mining Co., a corporation, and Gaines Bros. & Co., a corporation, as defendants.

The parties will hereinafter be referred to as plaintiff and defendants, respectively, as they appeared in the trial court.

The parties waived a jury, and the cause was tried to the court, and on July 16, 1918, the court rendered a judgment in favor of the plaintiff against the defendant, to reverse which judgment the defendant Gaines Bros. & Co. has regularly commenced this proceeding in error, making the plaintiff and the defendant Monarch Coal Mining Co. defendants in error.

The allegations in the plaintiff’s petition, in so far as the same ar,e material, were as follows:

“That the defendant Gaines Bros. & Co., a corporation, was duly licensed to transact business in the state of Oklahoma, with its principal place of business at Fairland, Oklahoma ; that on to .wit, June 20th, 1917, the defendant Monarch Coal Minning Company entered into a certain contract with the defendant, Gaines Bros. & Co., by which said defendant, Monarch Coal Mining Co., agreed to sell and the defendant Gaines Bros. & Co. agreed to purchase, to wit, twenty (20) ears of mine-run coal f. o. b. cars at the defendant Monarch Coal Mining Co.’s mine in Okmulgee counity, Oklahoma, at a price of $2.99 per ton, the same to be billed to the defendant Gaines Bros. & Co., at Fairland, Oklahoma, and Cardin, Oklahoma, according to the directions of said Gaines Bros. & Co., and it was further then and there agreed between said contracting parties that for all coal shipped under said contract between the 1st and lB'th inclusive of each month, payment should be made on or before the 28th of the same month; and for all coal shipped from the 16th to the last day of -each month inclusive, payment should be made on or before the 13th of the following month.
“Plaintiff further states, that in pursuance of said agreement the defendant Monarch Coal Mining Co., between June 20th, 1917, and July 7th, 1917 (both dates inclusive), loaded and shipped to said defendant Gaines Bros. & Co. twenty (20) cars of mine-run Goal of the kind and quality provided in said contract an itemized statement of which, showing the dates of loading, description of cars, grade of coal and weights is as follows, to wit: (description of cars omitted.)
“Plaintiff further states that under the terms of said contract there became due from defendant Gaines Bros. & .Co., on July 13th, 1917, the sum of $1,886.25, and that of said sum said defendant on June 20th, 1917,. paid the defendant Monarch Coal Mining Co. the sum of two hundred ($200.00) dollars, and that on July 28th, 1917, there became .due from said defendant Gaines Bros. & Co. 'the further sum of $390.20, for coal shipped in the month of July, 1917.
“That on June 29th, 1917, this plaintiff loaned to the defendant Monarch Coal Mining Co. the sum of $2,276.45, said loan to bear interest at the rate of 10 per cent, per annum until paid, and as security for payment of said loan, said defendant Monarch Coal Mining Co. assigned to this plaintiff his rights under said contract with said defendant Gaines Bros. & Co., in writing, said assignment in words and figures as follows:
“ ‘Henryetta, Oklahoma, June 29th, 1917. Gaines Bros. & Co., Fairland, Oklahoma. Gentlemen — You will please remit direct to the Citizens’ Bank, Henryetta, Oklahoma, for all co'al shipped you by the Monarch Coal & Mining Co., until further notice. It is understood that for all coal shipped from the first to the fifteenth inclusive of each month that you are to remit on or before the twenty-eighth of same month and for all coal shipped from the sixteenth to the last day of the month inclusive you are to remit on or before the thirteenth of the following month. Yours very truly, The Monarch Coal & Mining Co-, by H. Lantz, President.’
“That on June 30th, 1917, the defendant Gaines Bros. & Co. accepted said assignment in writing, said acceptance being in words and figures as follows:
“ ‘Fairland, Oklahoma, 6-30-1917. The Citizens’ • Bank, Henryetta, Oklahoma. Gentlemen : — We accept the above order and agree to all conditions written therein. Very respectfully, Gaines Bros. & Co., by Prank Gaines.’
“Plaintiff states that there became due and has been due from said defendants ever since the 28th day of July, 1917, said sum of $2,276.45 but that although demand has been made on defendants for payment, they refused and do still refuse to pay the same or any part thereof, with this exception, that on July 23rd, 1917, the defendant Monarch Coal Mining Co. paid this plaintiff the sum of five hundred ($500.00) dollars for which due credit has -been given. That on July 23rd, 1917, there had accrued against said defendant Monarch Coal Mining Co. the sum of $19.00 interest, and that there is due now from said defendant the sum of $1,795.45, with interest at 10 per cent, from July, 1917, and from said defendant Gaines Bros. & *267 Co., the sum of $1,776.45, -with interest at 6 ,per cent, from July 28th, 1917.
' “Wherefore, plaintiff prays for judgment against the Monarch Coal Mining Co. for $1,-795.45, with interest from July 23, 1917, at 10 per cent, per annum, and against ihe defendant Gaines Bros. & Co., for $1,776.45, with interest from July 28th, 1917, at 6 per cent, and costs of suit.”

The separate answer of the defendant Gaines Bros. & Co. was as follows:

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Gaines Bros. & Co. v. Citizens' Bank of Henryetta, 1921 OK 401, 204 P. 112, 84 Okla. 265, 1921 Okla. LEXIS 438 (Okla. 1921).

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