Lowe Bros. v. Young

13 N.W. 329, 59 Iowa 364
CourtSupreme Court of Iowa
DecidedSeptember 22, 1882
StatusPublished
Cited by5 cases

This text of 13 N.W. 329 (Lowe Bros. v. Young) is published on Counsel Stack Legal Research, covering Supreme Court of Iowa primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Lowe Bros. v. Young, 13 N.W. 329, 59 Iowa 364 (iowa 1882).

Opinion

Day, J.

I. The plaintiffs claim the title to the grain in question under four papers claimed to be warehouse receipts. Two of these papers are as follows:

“Vinton, Iowa, April 26, 1880..

“I have this day received and agree to hold possession of, as the agent of Lowe Bros. & Co., of Chicago, Illinois, live thousand bushels of No. 2 corn, which is stored in my cribs on lot number 2, the cribs being marked with Lowe Bros. & Co., and to be shipped to them or their order, before August 1, 1880. And I agree to keep said cribs in good repair, and to notify Lowe Bros. & Co., immediately of any damage to or interference with said corn. For all of which service I have received full compensation. J. O. Pike.”

The other two papers are identical with the above, except that they are dated July 2, 1880, and specify that the corn shall be shipped during the month of August. The plaintiffs introduced J. C. Pike and proved by him that the body [366]*366of the instruments are not in liis handwriting, but that the signatures are his. The instruments were then read in evidence. The plaintiffs then recalled Pike, who testified in substance that he owned the cribs in which the corn was stored, and the premises Upon which they were situated; that there were about 20,000 bushels of corn in the cribs when the April receipts were executed, and the same quantity when the July receipts were executed; that he shipped about 7,000 or 8,000 bushels to plaintiffs, and left the balance in the possession of one Westcutt, with the directions to shell and ship to the plaintiffs.

Upon cross examination Pike stated, without objection, that at the time he executed the receipts he was the owner of the corn; that he was owing Lowe Bros. & Co. some, and wanted some money, and he asked them by letter if they could use those receipts, and they replied they could, and they were executed and delivered to them. He was then asked to state all about the circumstances under which the receipts and notes were executed. This question was objected to as not being cross-examination, and as incompetent, the receipts being the best evidence. The objection was overruled, and the witness in answer to this and other questions, also objected to, testified substantially as follows: “I think that when I spoke to Lowe Bros. & Co. about these receipts, and asked them if they could use them, they said they could, and the receipts were signed and delivered. There was no particular arrangement about the price of the corn, only as it was computed by the amount of money and the amount of corn. I sent some of the corn to Lowe Bros. & Co. that was in the cribs at the time I executed the receipts to them, and they sent me returns for it, and gave me credit for it. They never actually paid me any money on this corn that I remember. I was indebted to them at that time. I can’t remember how much. They never demanded security of me before that time, and don’t know that they desired it. The way they came to send me the receipts was that I asked them if they could use the receipts for what I was indebted to them, [367]*367and I wanted some money. The notes were given for the money and indebtedness. The indebtedness for which the receipts were given was for losses made in option dealings in Chicago. The notes, together with crib receipts, so far as they secured the notes, were given to secure Lowe Bros. & Co. for moneys that they should advance for me in option deals in Chicago. The indebtedness was made on what purported to be, on the face of them, sales and purchases of various commodities on the board of trade. In the class of contracts, which purport to have been made, the property was bought or sold for future delivery. When I sold property, none of the property 'sold was ever offered or tendered, that I know of.” The plaintiffs -objected to all of this testimony on the ground above stated.

i evidence • plained:t>yX" parol. 1. The plaintiffs evidently introduced the receipts for the purpose of establishing the allegations in the petition, that ^e7 owne(i the cam in question. Whether they own ^ or no^ depends upon the nature of the transactions evidenced in part by the receipts. It is clear that the transactions may have been attended with such circumstances as to render them invalid. The receipts merely indicate that Pike held the amount of grain referred to, as the -agent of the plaintiffs, and agreed to ship it to them. The receipts do not disclose the circumstances under which the grain was received. It is proper to establish these circumstances in order to determine the true character of the transaction. A receipt is always susceptible of explanation.

In so far as' the receipt partakes of the nature of a contract to ship the grain, the evidence offered does not vary or contradict it. The testimony introduced violates no rule of evidence. It was therefore competent.

2. of witnesses: discretion of court. 2. It depends largely upon the circumstances of the case, and rested, to some extent, at least, in the discretion of the court, whether it was proper to introduce this testimony by the cross-examination of Pike. The plaintiffs complain that the testimony was drawn [368]*368from Pike upon cross-examination and in answer to leading questions. But Pike was introduced as a witness by the plaintiffs. They had conducted a number of transactions for him, as members of the board of trade of Chicago, and his testimony taken all together indicates a strong purpose to sustain the validity of the transaction with them which is now in question. Under such circumstances the court may properly allow great latitude in examination. Under the circumstances we think the court did not commit any substantial error in allowing this testimony to be introduced by way of cross-examination.

II. Appellants assign as error the giving of the following instructions:

3. contract : sideraUonl loardof011 tra-cte. “ 9. Hence if you believe from evidence that J. C. Pike, for the purpose of raising in advance, by way of credit with Pontiffs, money with which to pay losses said ddke ungid in the future suffer in the purchase and sale of grain and other commodities, made -with or through plaintiffs, wherein it was not the purpose, intention or expectation of either of the parties to such purchase or sale that such purchases or sales should be actually carried out or consummated by actual delivery or receipt of the thing purchased or sold; but, on the contrary, if it was the purpose of all the parties thereto that the same should and would be settled and adjusted by the payment of the difference between the purchase or selling price and the market price at the time of settlement, executed and delivered said written instruments in evidence, and dated respectively April 26, 1880, and July 2, 1880, then you are instructed that, though said money so raised by said Pike was by plaintiffs actually used in settling and adjusting or closing out such purchases and sales, said instruments are void, and plaintiffs cannot, through them, establish title to corn therein mentioned, and cannot recover in this action, and your verdict will be for defendant.

“10. On this subject you are further instructed that, as a [369]

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Bluebook (online)
13 N.W. 329, 59 Iowa 364, Counsel Stack Legal Research, https://law.counselstack.com/opinion/lowe-bros-v-young-iowa-1882.