Hamilton v. Quimby

46 Ill. 90
CourtIllinois Supreme Court
DecidedSeptember 15, 1867
StatusPublished
Cited by28 cases

This text of 46 Ill. 90 (Hamilton v. Quimby) is published on Counsel Stack Legal Research, covering Illinois Supreme Court primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Hamilton v. Quimby, 46 Ill. 90 (Ill. 1867).

Opinion

Mr. Justice Walker

delivered the opinion of the Court:

The record in this case is voluminous and we have studied it with care, hut shall content ourselves with giving but a short statement of the material facts, and the conclusions at which we have arrived. The bill filed by appellant seeks to impeach the •title to two eighty acre tracts of land. It appears that in September, 1856, Benjamin F. Quimby & Co., loaned to appellant about $1,300, for which he executed his note for $1,378, due at sixty days. In November of the same year, they loaned him the further sum of about $3,200, for which he gave six notes for $600 each, due in six months. These notes were transferred to different persons; three of them to Dr. N. Bachelder. These notes were all secured by deeds of trust on real estate. When the notes last given fell due, they were not paid, and the property by which they were secured was advertised for sale under the trust deed. At this time Quimby & Co. held the $1,378 note, and claimed about $100 for taxes and judgments, which they had paid to protect the securities they had taken.

In June, 1857, appellant sold eighty acres of land in Lake county to "William Linton for $3,500, and received one thousand dollars of the purchase money in cash, and took notes for the remainder. This cash payment, by arrangement, was given to Quimby & Co., in satisfaction of the $1,378 note, and the claim for taxes and judgment paid by them to protect the security. Quimby & Co. at the same time purchased of appellant the Linton notes and gave him $2,140 for them, paying him three of the $600 notes with accrued interest, amounting in all to $1,890, and credited the balance of $250, on one of the three notes held by Bachelder. This left due on those notes a balance of $1,64Q, for which appellant gave his note to Bachelder, payable in 90 days, with a power of attorney to confess judgment, and also executed a deed of trust on seventy acres of land to secure its payment.

This note was not paid at maturity; the land was advertised for sale under. the deed of trust; and appellant filed a bill in chancery to enjoin the sa£ of the land. In his bill he alleged that he had paid Quimby on the indebtedness before referred to, the sum of $4451,12, leaving a balance due Quimby & Co. of no more than $302,20 ; that $1,337,80 of the $1,640 note, to secure which the trust deed had been given was for usurious interest. ' Quimby & Co. answered, alleging that the note and trust deed were given to Bachelder, and that they belonged to him, and denied that appellant owed them. On a hearing, the court found that the note given to Bachelder, was- given for a valuable consideration, and no portion was for usury, and dissolved the injunction and dismissed the bill. The land was then sold under the deed of trust, and bought by Bachelder for $800, and a judgment was confessed for $1,020, for the balance of the note.

Subsequently in April, 1858, Batclielder, holding the deed to the seventy acre tract of land, and the judgment, and having control of a tax title on the land, held by H. G-. Chase, an arrangement was entered into by which Bachelder conveyed the land to appellant and satisfied the judgment, for which he paid $2,200. This arrangement was made through Quimby & Co., claiming to act as the agents of Bachelder. And they insist that this was a settlement, and closed up the whole transaction.

. It also appears, that a judgment for costs had been rendered against appellant in the Cook county court of common pleas, in favor of Quimby & Co. On this judgment an execution and fee bill were issued on the 29th of May, 1858, to the Sheriff of Lake county, and was levied upon the E-|-, N. W. 26, 43 N., 12 E., which was sold by the Sheriff to Quimby and Law, in August of that year, for $44,56. This land was not redeemed, and in November, 1859, after the time for redemption had expired, the Sheriff executed a deed to the purchasers for the land. They, on the 26th of June, 1863, conveyed it to John Gemzenhauser for $200 as the consideration. He subsequently acquired a tax title on the north ten acres of the tract. The bill seeks to set aside these sales and to reinvest appellant with the title.

■It is insisted by appellm^that when the settlement was made in which the Linton notes were transferred' to Quimby & Co., they, and the money then paid, satisfied the whole of appellant’s indebtedness, including the notes held by Bachelder, except some two or three hundred dollars, the amount of which Avas to be ascertained at a meeting of the parties Avhich was to have taken place on the afternoon of the day of the settlement, but which never occurred; that a blank note, power of attorney and deed of trust were drawn up, to be filled "with the true sum when they should again meet as agreed, which were left in Qnimby’s hands ; that he filled them up "with the sum of $1,600, payable to Bachelder, without authority or consent. Whilst the evidence may tend to establish this allegation, the question seems to have been litigated and judicially determined in the decree, under the bill for an injunction. The court then found the note to have been legal and binding, and it must be regarded as res adjudicata.

When he filed his first bill, he must have known of this fraud, if it existed, and he should then have relied upon it, as it would undeniably have constituted a good defense, if it were true. A party cannot litigate and try a cause by parts, in different proceedings ; he must bring his whole case before the court, and have it disposed of in one proceeding.

It is urged, that by reducing a part of the notes given by Linton, to a judgment, the trustee lost'power to sell the land to pay the debt, and that Quimby and Law acquired no title by their purchase, and hence could convey none to Chase and Wilder by their deed for the land; that the note described in the deed of trust by being merged in the judgment operated to prevent a sale by the trustee.' We are unable to perceive any force in this position. -The land was conveyed as a security for the payment of the debt, and because it was reduced to a judgment, it could not operate as a satisfaction. It had simply changed the form, but nothing nwe. It was still a trust fund for its payment; the title was ^*ie trustee, and a court of equity would have compelled hinrao sell it for the satisfaction of the judgment. Hor do we see that appellant has any interest in this sale. Linton executed the notes and trust deed, and the sale was made under it, when Quimby and Law became the purchasers. Appellant has not shown that he has paid the notes or otherwise become entitled to the land then sold. If irregular, it is for Linton to complain, and not appellant. And as to the Linton tract, the decree of the court was correct.

Appellant insists that the fee bill upon which the eighty acre tract was levied and sold, was embraced in, and satisfied by, the settlement of the 24th of April, 1858, and that it was a gross fraud upon his rights, to sue out an execution on a judgment foi’ costs, which was satisfied, and sell property without notice to him; and that even if it was not satisfied, and an execution was authorized, it was a fraud to conceal the fact that they had issued it, and then to sell property worth certainly several thousand dollars, for comparatively so small a sum, and thus acquire the title.

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Bluebook (online)
46 Ill. 90, Counsel Stack Legal Research, https://law.counselstack.com/opinion/hamilton-v-quimby-ill-1867.