Kelso v. Kelso

44 N.E. 1013, 16 Ind. App. 615, 1896 Ind. App. LEXIS 412
CourtIndiana Court of Appeals
DecidedOctober 16, 1896
DocketNo. 1,888
StatusPublished
Cited by13 cases

This text of 44 N.E. 1013 (Kelso v. Kelso) is published on Counsel Stack Legal Research, covering Indiana Court of Appeals primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Kelso v. Kelso, 44 N.E. 1013, 16 Ind. App. 615, 1896 Ind. App. LEXIS 412 (Ind. Ct. App. 1896).

Opinions

Ross, J.

This cause was transferred to this court by the Supreme Court, as belonging within this court’s jurisdiction. '

The appellee, Joseph B. Kelso, filed his complaint against his co-appellee, Kate Brouillette and the appellant James I. Kelso, as follows:

“The plaintiff complains of the defendants, and says, that heretofore, on the 19th day of November, 1882, one Jerome T. Kelso was largely involved financially, and had been for a long time prior thereto, and that on said day and for a long time prior thereto, plaintiffs were and had been securities for said Jerome T. Kelso, for the purpose of saving him from financial disaster, and that on said day above mentioned, plaintiff and defendants were- securities for said Jerome T. Kelso, in ,the sum of six thousand four hundred dollars ($6,400.00), evidenced as follows, to-wit: One promissory note payable to the First National Bank of Vincennes, Indiana, in the sum of one thousand four hundred and fifty dollars ($1,450.00), one promissory note payable to the First National Bank of Vincennes, Indiana, in the sum of two thousand dollars ($2,000.00), and also one promissory note payable to the Vincennes National Bank, of- Vincennes, Indiana, in the sum of four thousand dollars ($4,000.00). That prior to said date said parties had been and were securities for said Jerome T. Kelso, for said sums and divers other sums herein mentioned. That at said time and for a long time prior thereto the said Kate Brouillette was the mother-in-law of said Jerome T. Kelso, and that said James I. Kelso and Joseph B. Kelso were her brothers; at said time Kate Brouillette was the owner of a large amount of valuable real estate situated in Knox county, Indiana. That said James I. Kelso for a long time prior to said date, aforesaid, had become alarmed at the financial condi[617]*617tion of Jerome T. Kelso, and had, during their said suretyship aforesaid, refused to stand longer as surety for said Jerome T. Kelso, unless he was in some way indemnified or secured against loss thereby, and the said Kate Brouillette, Julia E. Kelso, the wife of the said Jerome T. Kelso, joined by said Jerome, as Julia’s husband, executed to him, said James I. Kelso, a mortgage on certain real estate in Knox county, Indiana, on the —— day of January, 1882, on what was known as the river farm, said Julia E. Kelso being the owner of an undivided one-third of said river farm. That said Kate and said Julia owned as tenants in common, two-thirds of said river farm. Said mortgage was executed as an indemnity to secure said James I. Kelso against any losses he might sustain on account of his said suretyship from said Jerome T. Kelso. That said Julia E. Kelso was then the wife of Jerome T. Kelso, and so continued to be until the present time, and has ever since been. That said mortgage on said real estate was executed to indemnify and secure said James I. Kelso as a surety of said Jerome T. Kelso, and for no other purpose whatever.

“That while acting as such surety for said Jerome T. Kelso, as aforesaid, on said debts, aforesaid, at said time aforesaid, the plaintiffs and defendants entered into the following agreement, to-wit: “This agreement made and entered into this 25th day of November, 1882, between James I. Kelso, of Knox county, Indiana, the party of the first part, and Kate Brouillette, of Vincennes, Indiana, and Joseph B. Kelso, of Knox county, witnesses, of the second part, whereas the parties of the first and second parts are jointly and severally liable, and subject to the conditions hereinafter stated, as securities for one Jerome T. Kelso, as follows, viz.: On one promissory note to the [618]*618First National Bank of Vincennes, Indiana, for the sum of $1,450.00; one promissory note to the First National Bank of Vincennes, Indiana, for two thousand dollars ($2,000.00); one promissory note to- the Vincennes National Bank, of Vincennes, Indiana, for four thousand dollars ($4,000.00). Whereas the said party of the second part has a mortgage made and executed to them by the said Kate Brouillette on her farm, known as her river farm, to secure him against any loss, as to the note of $1,450.00; and whereas, the party of the first part being a co-surety with the parties of the second part on the two notes of two thousand and four thousand dollars each at the request of the parties of the second part, and upon their promise and agreement that the party of the first part should ever be, by them, saved harmless, from any payment thereof; and that he consented to become such co-surety simply to aid the parties of the second part from having to pay the said notes at once, and thereby get them further time in-which to pay the said notes, or to succeed in getting the principal, Jerome T. Kelso, to pay him, and whereas the said principal, the said Jerome T. Kelso, has failed in part and in whole to pay these said notes, all of which are now past due; now, therefore, be it here understood that the party of the first part is willing and hereby agrees and covenants to pay off and satisfy in full the said note of $1,450.00, and also agrees and covenants to release his said mortgage at a certain time hereinafterward named. And be it further understood that the parties of the second part hereby covenant and agree to pay off and satisfy in full the two said notes of $2,000.00 and $4,000.00 each, provided that at the time they are prepared to pay off the sum the party of the first part will release his said mortgage hereinbefore mentioned.

[619]*619e “Any and all property which all or either of the parties may be able to secure from the said Jerome T. Kelso is to be divided pro rata among the parties hereto. This is an agreement for a final settlement of matters herein mentioned between the parties hereto, James I. Kelso, Joseph B. Kelso and Kate Brouillette.’ Plaintiff avers that said parties thereto did pay, and become liable to pay, said notes as therein stipulated; that each and all paid the sum as therein agreed upon. Plaintiff also avers that James I. Kelso paid, of said liabilities aforesaid, the sum of $1,450.00, and that he, plaintiff, and said Kate Brouillette paid the sum of $6,000.00, to-wit, the sum of $3,000.00 each, and that he has refused to repay plaintiff any part thereof, or any part of the excess over and above said liabilities before said * * * be received therefor. Plaintiff says that he kept his part of said agreement as therein stipulated, and that the defendant, Kate Brouillette, also kept her part of said agreement as therein stipulated, but that the defendant, James I. Kelso, failed and refused to keep his part of the agreement as therein stipulated, in this, to-wit, that each and every one of the parties to said agreement has paid and satisfied the notes that each and every one thereto assumed and agreed to pay, and that the same has been fully satisfied and paid so far as the parties to said agreement are concerned. That the defendant, James I. Kelso, failed to beep his part of said contract in this, to-wit, that during the pendency of their said suretyship for said Jerome T. Kelso, his wife, Julia E. Kelso, was the owner as a tenant in common with Kate Brouillette and Elizabeth Brouillette, of a hundred and twenty-nine acres of real estate situated in Knox county, Indiana, of the value of ten thousand dollars ($10,000.00). She was the owner in fee simple of an undivided one:third thereof. And [620]*620that during the pendency of their said suretyship aforesaid, said defendant, James I. Kelso aforesaid, procured Jerome T. Kelso, the husband of said Julia E.

Free access — add to your briefcase to read the full text and ask questions with AI

Related

Millspaugh v. Ross
645 N.E.2d 14 (Indiana Court of Appeals, 1994)
Ward v. Tuttle
102 N.E. 405 (Indiana Supreme Court, 1913)
Miller v. Armstrong-Landon Co.
102 N.E. 47 (Indiana Court of Appeals, 1913)
McCormick Harvesting Machine Co. v. Smith
52 N.E. 1000 (Indiana Court of Appeals, 1899)
Porter v. Fraleigh
49 N.E. 863 (Indiana Court of Appeals, 1898)
Taylor v. Reger
48 N.E. 262 (Indiana Court of Appeals, 1897)
Seiss v. Cleveland, Cincinnati, Chicago & St. Louis Railway Co.
47 N.E. 935 (Indiana Court of Appeals, 1897)
Bowers v. Hale
47 N.E. 934 (Indiana Court of Appeals, 1897)
Sherwood v. State
47 N.E. 936 (Indiana Court of Appeals, 1897)
Seybold v. Terre Haute & Indianapolis Railroad
46 N.E. 1054 (Indiana Court of Appeals, 1897)
Walbert v. State
46 N.E. 827 (Indiana Court of Appeals, 1897)
Louisville, New Albany & Chicago Railway Co. v. Norman
46 N.E. 702 (Indiana Court of Appeals, 1897)
Board of Commissioners v. Fertich
46 N.E. 699 (Indiana Court of Appeals, 1897)

Cite This Page — Counsel Stack

Bluebook (online)
44 N.E. 1013, 16 Ind. App. 615, 1896 Ind. App. LEXIS 412, Counsel Stack Legal Research, https://law.counselstack.com/opinion/kelso-v-kelso-indctapp-1896.