Mead v. Jones

24 Gratt. 347
Supreme Court of Virginia·Decided February 4, 1874·Published·Cited by 3 cases

Opinion

Bouldin, J.,

delivered the opinion of the court.

Bouldin, J. This is an appeal from a decree of the Circuit court of Bedford county, rendered on the 5th day of October 1868, in two suits in said court pending, and presents for our consideration questions growing out of the various and multiform transactions in Confederate States treasury notes during the late war.

The first of the two suits was a proceeding in chancery by H. C. Dickinson, trustee, to subject to sale certain property conveyed by the grantor, Quarles, to secure the paymeat of debts as therein mentioned; and on the 4th day of May 1860 a decree was entered ordering the sale of the property and appointing the appellee, H. C. Dickinson, a special commissioner to make it, on terms set forth in the decree. On the 4th of August thereafter the sale of the tract of land, which is the main subject of controversy, was made by the commissioner, and the appellant, Mead, became the purchaser. He promptly complied with the terms of sale, paying in cash the sum of $2,665.58J, being one-fourth of the purchase money; and for the residue executed his three bonds with security, payable in one, two and three years [350]*350in equal instalments, -with iuterest from the day of sale. The commissioner reported this sale to the court on the 26th day of September 1860; and on the 2d day of October 1860 a decree was entered confirming the sale and ordering Commissioner Dickinson to withdraw the bonds and collect the same as they should fall due. The first bond did not fall due until the 4th day of August 1861, when the war was raging between the United States and the Confederate States of America. Both Dickinson, the commissioner, and Mead, the purchaser, were then in the army of the Confederate States; and whilst Mead seems to have been ready and anxious to discharge this bond, Dickinson, owing to the unsettled condition of the country and currency and to his being in the army, was unwilling and declined to receive payment. Matters remained in this condition until October the 4th 1862, when Mead, who was still in the army, through his friend and surety, Crenshaw, applied to the court, the real creditor, for instructions; and the following order was entered in the cause:

“It being represented to the court that Oliver O. Mead, the purchaser of the tract of land in the bill mentioned, is ready to make payment of his first bond for the purchase money, and the commissioner appointed to collect the same now being in the army of the Confederate States, payment thereof cannot be made to him, the court doth adjudge, order and decree, that the said Oliver G. Mead do deposit in the Bedford Savings Bank at Liberty the principal and interest of said bond to the credit of this suit, and take a certificate of deposit therefor and file it with the papers in this cause. And the said Oliver G. Mead is at liberty in like manner to deposit in the Bedford Savings Bank at Liberty such other sums of money as he may deem proper, in payment of his second bond, due the 4th day of August [351]*3511862, taking like certificate of deposit therefor and filing them with the papers in this cause.”

On the third of October eighteen hundred and sixty-two, the day before the date of the above order, as it appears in the record, Mead deposited the amount of the first bond and interest ($3,011.25) in the Bedford Savings Bank, to the credit of the cause, as required by the order; andón 35 th of the same month filed a certificate of the deposit among the papers in the cause. The discrepancy in date is immaterial, and we think may readily be explained by supposing that the order was in fact announced and complied with on the 3d of October, but not formally entered on the order-book until the 4th.

At the date of this order, the intelligent and able judge who entered it, and the learned counsel in the cause, all knew, as matter of public history to be judicially noticed, that the common and almost the only currency in Virginia was Confederate States treasury notes; and Mead had a right to regard himself as authorized and ordered to pay in that curreucy, as he did pay.

Very soon thereafter, to wit: on the 12th of December 1862, Mead deposited in the Bedford Savings Bank, to the credit of the cause under the same order, the further sum of $3,041.13, amount of second bond and interest, and filed a certificate therefor among the papers in the cause. The clerk certifies that the certificate was filed on the “9th,” of December; but this is evidently a mistake for “19th,” as the deposit was not made until the twelfth. Both deposits were made in •Confederate States treasury notes, the certificate for the latter showing that fact on its face; and the certificates remained thereafter on file with the papers in the cause.

The last bond for the purchase money of the land fell due August 4th, 1863, and Commissioner Dickinson hap[352]*352pening to be at home at that time and finding that the purchaser, Mead, under an order of court in the cause, had been authorized to pay the two first bonds into the Bedford Savings Bank, and had in fact paid them in Confederate States treasury notes, deemed it his duty te act in conformity with the action of the court, and bn the 7th day of August 1863 collected the amount of the last bond in the same currency, and deposited it in the-same bank.

The bond fell due, as we have seen, on the 4th of August 1863 — not on the 6th, as inadvertently stated in the commissioner’s report; and on the 7th of the same month, as we have seeu, he collected the amount due, principal and interest, $3,145.81, and deposited it in bank as aforesaid. On the same day he made report of this collection and deposit, and filed his report among the-papers of the cause. There is no memorandum of the' clerk of the time of filing; but Dickinson swears, in his-answer, that it was immediately filed, and, from his-prompt and conscientious action throughout the cause, we have no doubt that such was the fact. This report states “ that all the purchase money of said land is now paid, the amount of two bonds having been deposited in. bank during last year under a special order.”

The next time we hear from Commissioner Dickinson-was on the 19th of March 1864, when he appears to have-been again at home. On that day he presented to JudgeWingfield a petition, giving the previous history of the case somewhat in detail, setting forth the sale above referred to, the purchase by Mead, the confirmation of the-sale, and the order to the petitioner-to withdraw and. and collect the bonds, the absence of the petitioner in the army, and tbe payment by Mead into bank of the-amount of the two first bonds in Confederate States treasury notes, under an order of the court in the cause, [353]*353and the subsequent collection by the petitioner of the last bond in like currency, and the deposit thereof in the same bank to the credit of the cause.

The petitioner further states, that since that time he had, as commissioner, collected from another source, A. M. Lowry, the further sum of $1,096.66, Confederate States treasury notes, and had made a like deposit thereof. These deposits were made under the impression that it was so ordered by the court; as to which he had discovered he was mistaken; misled, doubtless, by the order requiring Mead, the purchaser, to make deposits in that bank.

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Mead v. Jones, 24 Gratt. 347 (Va. 1874).

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