Life & Fire Ins. Co. of NY v. Adams

34 U.S. 573, 9 L. Ed. 234, 9 Pet. 573, 1835 U.S. LEXIS 362
Supreme Court of the United States·Decided February 24, 1835·Published·Cited by 24 cases

Opinions

Mr Chief Justice Marshall

delivered the opinion of the

Court.

The petition for a mandamus states, among other things, that Christopher Adams of Iberville, in Louisiana, .on the Kith day of January 1824, at New. Orleans, executed and acknowledged before a notary public, a mortgage of a plantation, called the Belle Plantation, in Iberville, with seventy slaves, for securing to the petitioners divers sums of money, amounting to 32,522 dollars and 50 cents, at different periods, the last payment to fall due on the 18th- day of January 1829, all bearing interest at the rate of seven per cent per annum. At the time of executing the said mortgage, sundry notes' were also given for the payment of the same sums of money.

- In consequence .of the failure of the said'Adams to pay any part of the said debt, application was made to the honourable Thomas B-. Robertson, then judge of the district court' of the United States for the eastern district, of Louisiana, for an order of seizure and sale, who granted the same, in the following words:

?* Let the mortgaged premises, set forth and stated in the • plaintiff’s petition, be. seized and sold, as therein prayed for, and in the manner directed by law, subject to the payment of the debts of the plaintiff. Thomas B. Robertson, Judge U. ' S. Eastern District of Louisiana.”

John Nicholson, the marshal, who seized the mortgaged property, and advertised the same for sale'; was stopped,, by a writ of injunction, on wdiich the following' return was made :

received this' writ of injunction this 18th of March 1S26, and served a copy thereof, and of plaintiff’s petition, on Ripley and Conrad ; on sanie day released the property at suit of Life and Fire Insurance Company of New .York against Christopher Adams, and returned into court the 20th of March instant.”

■On the 2d day of May 1826, the petitioners entered into a transaction with the said Christopher Adams, before a notary public, in which it was stipulated,' that the injunction be dissolved, and in which the defendant agreed to confess judgment, and did confess judgment, on all the notes then due. [593]*593He further stipulated to confess judgment on .the residue of the notes, in the deed of mortgage mentioned, as they should respectively become due; “ and in default of- such confession of judgment, the said Christopher Adams did, by the said transaction, constitute and appoint Henry Eckford, president of •the Life and Fire Insurance Company,' or hi's successor in office for the time being, his attorney in fact, and irrevocable, in his name and stead to appear in said court and cause judgment to ■ be entered up against him, the said Adams, for each and every of said notes, with interest, as aforesaid; whenever the samé shall arrive at maturity, as aforesaid.” And the said Adams further gave'to the said Henry Eckford or to his successor in office for the. .time being, attorney'as aforesaid, full power of substitution in the' premisses.

• And the said Life and Fire Insurance Company, in consideration of such confession of judgment, and preserving all their liens, mortgages and preferences in and over.the mortgaged premises, agreed to stay execution until the 18th day of'January 1S29, when the last note would arrive at maturity. It was farther agreed, that this transaction shall be entered upon the records of the court of the United States for the eastern district of Louisiana, as a decree of said court, and shall have all the force and effect as though it were entered up in open court.

In pursuance of this transaction, a judgment was recorded in the said district court, on the 18th of May 1826; which the judge died without signing. The petitioners then transferred their interest in the said'debt to Josiah Barker, in trust for the Mercantile Insurance Company of New York, with power to use their names in the collection thereof. In the instrument of transfer, the said Life and Fire Insurance Company constituted Josiah Barker, his executors, administrators and assigns, their true and lawful attorney and attorneys ^revocable, in their names, but to and for the use of the said Mercantile Insurance Company of New York, to pursue and enforce in all courts and places whatever, the recovery and payment of the said money.

■ The honourable Samuel H. Harper, the successor of the honourable Thomas B. Robertson, having refused to complete the said judgment of his predecessor, by signing it; a manda[594]*594mus was directed by this court, ordering him to do so, in com-, pliance with which, the said judgment was signed.

The judgment is in these words:

“ Life and Fire Insurance Company of New York v. Christopher Adams,

“In this case, the plaintiffs having filed in this court a transaction,' &c. ‘it is therefore ordered, adjudged and decreed, that in pursuance of said transaction, the injunction -in this case shall be dissolved ;and it is further ordered, adjudged antf decreed, that judgment be entered up in favour of the plaintiff, in pursuance of said transaction, for all the notes therein specified, which have become due and payable, with seven per cent interest thereon, &c. to wit, the sum of 1500 dollars, &c.’

“ It is further ordered, adjudged and decreed, in pursuance of the transaction aforesaid, that whenever, any of the notes mentioned.in the said transaction as not yet arrived at maturity, shall become due and' payable, that the judgment shall be.entered up for the plaintiffs -upon all and every of the said notes as they arrive at maturity, &c.'

“ It is further ordered, adjudged and decreed, that there shall be a stay of execution, &c. until the 18th day of January .1829 ; and that if tire amount o,f the judgment in this suit is not then paid, &c., that the lands, slaves and movable property described in the mortgage mentioned in the plaintiff’s petition, shall be sold according to law, to satisfy the judgment in -the premises.”

Application was; at the same time,-made to the district court, to enter a further judgment for the notes which had become due subsequent to the 16th day of May 1826, <vhich was refused.

The petitioners insisted on their right to require a judgment for the whole sum, under the irrevocable power given to. confess it; but the judge declared that without notice to the defendants, he would permit no further judgment to be entered.

The petition states at large the different views entertained by the judge and the petitioners on the application; At length the following rule was entered.

“Life and Fire Insurance Company of New York v. Christopher Adams.

“On morion of George Eustis, counsel-for the plaintiffs, on [595]*595filing' all the notes referred to in -the transaction on file, it is ordered, in pursuance of the mandamus of the supreme court of. the United States, requiring ■ the honourable judge of this court to sign'the judgment rendered in the premises and to' order execution -to issue, that execution do issue for the whole amount of the judgment.”

Under this rule an execution was issued for the whole sum claimed on all the notes, without any direction that it should be first levied on the mortgaged property. On this account, the marshal, by order of the plaintiff’s attorney, returned'it unexecuted, and a new execution was demanded..

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Life & Fire Ins. Co. of NY v. Adams, 34 U.S. 573, 9 L. Ed. 234, 9 Pet. 573, 1835 U.S. LEXIS 362 (1835).

34 U.S. 573 (Life & Fire Ins. Co. of NY v. Adams) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

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