Morse v. National Central Bank

4 Balt. C. Rep. 395
CourtBaltimore City Superior Court
DecidedMay 22, 1925
StatusPublished

This text of 4 Balt. C. Rep. 395 (Morse v. National Central Bank) is published on Counsel Stack Legal Research, covering Baltimore City Superior Court primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Morse v. National Central Bank, 4 Balt. C. Rep. 395 (Md. Super. Ct. 1925).

Opinion

FRANK, J.

On January 28, 1873, Maria Dittmar deposited with the German Savings Bank of Baltimore City, the sum of $2,825.50 and received Deposit Book No. 5755 of that bank. On May 5, a further deposit of $100 was made. On July 30, a withdrawal of $27.75 by check is entered on the book. On May 5, 1873, Mrs. Dittmar deposited with the Savings Bank $400 and received Deposit Book No. 6117. The book shows this deposit and a credit of $8.35 interest on the account. It contains no other entry except one showing, on July 30th, a withdrawal by check of S27.75. Through this entry lines have been drawn cancelling the entry and apparently indicating that an error had been made in charging the withdrawal to this particular book inasmuch as an exactly identical entry remains uncancellod in Book No. 5755, as above stated.

No entries other than the above appear on either of the books.

Mrs. Dittmar died on November 26th, 1922, and the plaintiff duly qualified as her administratrix. In September, 1923, the administratrix made demand upon the defendant for the amount of the deposits with interest, which demand was refused. No evidence was offered by either party as to any transactions or occurrences as respects the books or the deposits therein mentioned except the aforegoing. The deposit books were found by a grandson of the decedent a short time before her death in a locked drawer of a bureau in decedent’s room. In this drawer she had kept certain of her more valuable papers.

As far as the evidence discloses, for a period of more than fifty years nothing was done by either the decedent or the bank with respect to these deposits.

The defendant bank was incorporated by Chapter 134 of the Acts of 1874 under the name of the German Bank of Baltimore as a commercial bank, although by its charter it was authorized to receive savings deposits. Its name was later changed to the German Bank of Baltimore City and in 1918 it became a national bank under its present name of National Central Bank of Baltimore. By deed of December 9, 1875, the defendant in its then name of German Bank of Baltimore, acquired the assets and assumed the liabilities of the German Savings Bank of Baltimore City, which had been incorporated asa savings bank on June 6, .1868.

The testimony discloses that the business of conducting a savings bank had been unprofitable and for that reason the savings bank had been merged with the German Bank of Baltimore, in the manner above indicated. (Testimony of August Weber, pp. 1-3.)

The above statement sets forth sufficient of the facts of the case to serve as a basis for the discussion of the principles of law governing its decision. Owing to the lapse of time and the death of all of the actors in the original transaction except only Mr. August Weber, now the president of the defendant bank, the testimony is meager and both sides rest their contentions largely upon presumptions of law. The destruction of the books of the Savings Bank by the fire of 1904 and by the voluntary act of the defendant shortly thereafter before removing to its new building, precludes the possibility of any light from that source being shed upon the transaction.

1. Where a deposit is shown or conceded the burden of proving payment is on the bank. The authorities are uniform on this point and it is unnecessary to cite any in its support. In fact, this statement of the burden of proof [396]*396in this case is not disputed by the defendant.

2. In the absence of rebutting circumstances, debts will be presumed to be paid after twenty years from the time when they were due or demand-able. This presumption is universally recognized and is indeed admitted by the plaintiff, although its applicability to the present case is disputed.

Edmondson vs. Frazier, 1 Bland, 91 Note Y.

30 Cyc. 1273, 1275, etc.

1 A. L. R., p. 780, 827.

21 R. C. L., p, 128, etc., Sec. 144 and fol.

This rule has been frequently applied to the case of deposits of money.

Sheldon vs. Heaton, 47 N. Y. Supp. 1124-5.

Rosenstock vs. Dessar, 95 N. Y. Supp. 1064.

Long, Excr., vs. Straus, 124 Ind. 84 (See facts as stated in 107 Ind. 94).

And this presumption will arise even as against a claim of the United States asserted after the expiration of 20 years.

C. & D. Canal Co. vs. U. S., 223 Fed. 926; L. R. A. 1916B 734 and note.

C. & D. Canal Co. vs. U. S., 240 Fed. 903.

Both of these cases were decided by the Circuit Court of Appeals for the Third Circuit. In the latter case it was said (page 918) that, * * * “the burden of proof shifted and the Government could no longer content itself with proving its right of action — -that is, the mere declaration of a dividend (the action was for the dividends declared on shares of stock owned by the Government, having been bought more than 20' years after their declaration) — and with leaving the defendant to prove that payment had been made. The Government was now compelled to prove a negative, that is, that payment had not been made — its less favorable position being due to the well-settled and excellent rule of public policy that punishes a plaintiff for excessive delay in asserting his right.”

This presumption arises entirely independent of statute being a creature of the common law and the statutes of limitations do not abrogate this common law presumption. It is a presumption of fact and not of law; it does not bar the right of action, but is merely a rule of evidence affecting the burden of proof. This presumption gathers strength with each year that is added to the first twenty and the strength of the evidence that will overcome it must be correspondingly increased.

30 Cyc. 1281.

The evidence to rebut the presumption of payment must be clear and convincing especially where, as in the case at bar, the action has been brought after the death of the creditor and of most of the officers and employees of the debtor who would know anything of the transaction.

Shaefer vs. Woodside, 257 Pa.. 276; 1 A. L. R. 727.

3. Plaintiff, however, contends that the relationship between her decedent and the German Savings Bank was not that of creditor and debtor, but of beneficiary and fiduciary and that the presumption of payment cannot arise as between cestui que trust and trustee. The authorities cited relate to depositors of mutual, non-stock savings banks in which the depositors share, or have an interest, in all the profits. In such cases, the bank and its managing officers or trustees, are held responsible for the same degree of care, skill and vigilance in the management of the affairs of the bank as is exacted of trustees.

7 C. J. 854, Sec. 877 and notes.

While this is true, where no question of mismanagement or breach of duty is involved, the relationship with respect to the right to claim and withdraw deposits is that of debtor and creditor upon the terms embodied in the charter, by-laws and regulations of the bank.

7 C. J. 863, Sec. 906.

The German Savings Bank as shown by its Certificates of Incorporation offered in evidence and the banks which acquired its' assets and assumed its liabilities were each stock corporations organized for profits to inure to their stockholders.

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Related

Rosenstock v. Dessar
109 A.D. 10 (Appellate Division of the Supreme Court of New York, 1905)
Long v. Straus
6 N.E. 123 (Indiana Supreme Court, 1886)
Long v. Straus
24 N.E. 664 (Indiana Supreme Court, 1890)
Sheldon v. Heaton
47 N.Y.S. 1124 (Appellate Division of the Supreme Court of New York, 1897)
Chesapeake & Delaware Canal Co. v. United States
223 F. 926 (Third Circuit, 1915)
Chesapeake & Delaware Canal Co. v. United States
240 F. 903 (Third Circuit, 1917)

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