Preston v. Walker

26 Iowa 205
CourtSupreme Court of Iowa
DecidedDecember 15, 1868
StatusPublished
Cited by25 cases

This text of 26 Iowa 205 (Preston v. Walker) 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
Preston v. Walker, 26 Iowa 205 (iowa 1868).

Opinion

Wright, J.

1. Practice: as to who holds the affirmative. — I. It is first claimed that the court below erred in refusing defendant’s counsel the right to open an^ close the argument. This right was claimed and refused, and the question fairly arises. Our statute declares that in the argument to the jury, “ the party having the burden of the issue shall have the opening and closing ” (§ 3047), and [208]*208that a new trial shall be granted for irregularity in the proceedings of the court, or for any order, or abuse of discretion by which the party was prevented from having a fair trial. § 3112, cl. 1. But the question is, will this court undertake to reverse the action of the court below in this matter, and if so, what is the rule?

It was held as recently as in June, 1867 (Fountain v. West, 23 Iowa, II), that it would require a very clear case of prejudice, resulting from the action of the court in directing the argument, to justify reversing, for this reason, a judgment, after trial upon the merits. And this is fully sustained by Goodpastor v. Voris (8 Iowa, 335), where it is said that this is not a proper matter upon which to base an appeal, nor for the assignment of an error, going even further than the more recent case just cited. To the same effect will be found Smith et al. v. Cooper & Clarke (9 Iowa, 379), and Woodward v. Laverty (14 Iowa, 383). So that for this State the rule must be regarded as settled, that while the right to review such a question is not absolutely denied, yet there must be a clear case of prejudice in order to justify a reversal upon this ground. "We are aware that in some of the States the point has been ruled otherwise. Others again are found in harmony with the rule recognized by us. In the conflict, we deem it safe to stand by what has been decided. The statute, we may observe, declares nothing more than what was the practice at common law, and it cannot be claimed, therefore, to introduce a new rule, nor to give the right more absolutely than if there was no such provision.

In this case we see no such abuse of discretion, no such ease of prejudice, as to justify interference. The testimony is not all before us. There is enough, however, to sliow that th& pri/tna facia case made by the introduction of the notes, had but little place in the trial of the [209]*209cause. The real contest was, whether there was a sale of the property referred to in defendant’s answer, or did he take it as agent, to hold and dispose of, as he alleges. In such cases, and many others of a similar nature, the question as to where is the burden of proof is frequently so nicely balanced, and it depends so much upon the facts as they are developed, and upon the actual circumstances of the trial, which can only be fully known by the judge hearing the case, that the appellate court should be most reluctant to interfere. The defendant, it must be remembered, was not deprived of his right to be heard by counsel. It was only a question whether he should be heard in a particular order. The jury found against him generally, and also upon all the specific interrogations submitted to them. The sufficiency of the evidence to warrant this finding, he had a full opportunity to again discuss before the court below, on his motion for a new trial, and was again unsuccessful. In our opinion, we ought not to interfere with the judgment on this ground; and this conclusion is the more reasonable when it is remembered that by the pleadings the issue was upon plaintiff.

2. interest: compound interest. II. It is next objected that the court allowed the jury-to make annual rests in calculating interest on two of the notes, it being insisted that the true rule is to ° compute simple interest at seven per cent (as allowed by the laws of New York, where the notes were executed and made payable) on the face of the notes, and nothing more. In this connection it is also claimed, that the judgment, as finally entered, even under the rule adopted by the court, was for too much.

It will be remembered that these notes contained, the words, “and interest, the vnterest to he paid annually” and that they were payable in three and four years. The interest thus being made payable at certain fixed times, is there any rule of law or public policy violated in hold[210]*210ing that interest may be charged on such interest from the time it is thus payable % Upon this question we are aware of the conflict of authorities. In New Hampshire and some other States it is held, that interest may be thus reserved? while in Massachusetts and others the right is denied. See 3 Par. Con. 152, 153, notes/and g, and cases there cited. In this conflict we are content to stand by the view of the question heretofore taken in this court, and to hold, therefore, that plaintiff was entitled to interest upon interest as it annually accrued or was payable. Mann v. Cross, 9 Iowa, 327, is “ on all fours ” with this. There the note drew ten per cent, “the interest to be paid annually.” So in this case. It was there held that plaintiff Was entitled to six per cent upon the interest annually due. And it seems to us that, as defendant was under a legal obligation to pay interest at the end of the (each) year, it was a sum of money then due, without a contract fixing the rate of interest upon it, and for which he might have been sued, and that he was, therefore, bound to pay its legal value. Or in the language of the statute, it is “ money due by express contract,” or “ money due,” and as such the promisee is entitled to his interest from the time it is so due. There is no reason why “ money should not beget money” in this way as well as in any other.

Of course we speak of cases where the contract as to interest is in all its parts reasonable and free from the suspicion of oppression. In this case there is nothing in the least tending to show unreasonableness or oppression. Thus far, therefore, in our opinion the court did not err. See Ankelet v. Converse, 17 Ohio, 11.

As to the claim that the judgment is excessive, even under the rule adopted by the court, we remark that we have, after the most careful calculation, ascertained that it is excessive to the amount of $11.60.

[211]*211Plaintiff avers Ms readiness to submit to a judgment for tbe amount really due, or to remit any excess, and to this extent, therefore, the judgment below will be corrected.

In the sixth instruction the court said to the jury that “ the real estate having been conveyed by deed, and the notes given therefor, the presumption is, that it was a sale of the property, and that it was not taken by way of agency.” To this it is objected that the court assumed that the consideration for the notes was the real estate, while defendant claimed that a part of the consideration' was the sale of personal property, or in other words, that-the court assumed as true, that which was in controversy.-

The argument mistakes the language used by the- court and the purpose of the instruction. The real thought was, that the execution of the deed and notes raised the presumption of a sale, and not an agency. There was no intention, certainly, to’ assume that the real estate formed the sole consideration.

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Bluebook (online)
26 Iowa 205, Counsel Stack Legal Research, https://law.counselstack.com/opinion/preston-v-walker-iowa-1868.