Produce Exchange Trust Co. v. Bieberbach

58 N.E. 162, 176 Mass. 577, 1900 Mass. LEXIS 969
CourtMassachusetts Supreme Judicial Court
DecidedOctober 17, 1900
StatusPublished
Cited by33 cases

This text of 58 N.E. 162 (Produce Exchange Trust Co. v. Bieberbach) is published on Counsel Stack Legal Research, covering Massachusetts Supreme Judicial Court primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Produce Exchange Trust Co. v. Bieberbach, 58 N.E. 162, 176 Mass. 577, 1900 Mass. LEXIS 969 (Mass. 1900).

Opinion

Barker, J.

Of these three actions, that against the Worcester Brewing Company was to recover from it as the maker of three promissory notes, each for the sum of $5,000, upon four months time, two of which were dated March 1, 1898, and the third, March 14, 1898. The first suit was against George Bieberbach, Abraham G. Reimold, George M. Gibbs, and Paul Henry, as indorsers of the note dated March 14, 1898. The third suit was against George Bieberbach, Abraham G. Reimold, and George M. Gibbs, as indorsers of the two notes of March 1, 1898.

The actions were tried together, the receiver of the property of the Worcester Brewing Company participating in the defence.

In the first action a verdict was rendered for the defendant Paul Henry, and also a verdict for the plaintiff against the defendants George Bieberbach, Abraham G. Reimold, and George M. Gibbs, for the sum of $5,848.22, the amount due on the note of March 14, 1898.

In the second action a verdict was rendered against the Worcester Brewing Company for $16,059.17, the amount due on the three notes.

[580]*580In the third action a verdict was rendered against George Bieberbach, Abraham G. Reimold, and George M. Gibbs, for §10,713.34, the amount due upon the two notes of March 1, 1898.

The bill of exceptions upon which the case comes here was filed and is prosecuted by all the defendants in the three actions, except Paul Henry.

1. The first and second exceptions stated on the bill were to evidence admitted in proof of signatures upon the notes in suit. These exceptions have not been argued by the defendants, and we treat them as waived.

2. The third, fourth, fifth, and sixth exceptions were to the exclusion of the testimony of the receiver that none of the boobs of the company in his hands showed any entry or account of any money or benefit received from any of the notes in suit, the questions asked of the receiver and excluded being as to the cash book and other books of the company which had been placed in his hands by the officers of the company upon his appointment. The receiver was called as a witness by the plaintiff. He had before him in court the books to which the questions referred, and the questions excluded were asked him upon cross-examination by the defendants.

This evidence tended to show nothing more than a want of consideration, and this, unaccompanied by evidence that the plaintiff did not take the notes for value, in good faith, before maturity, is no defence. Holden v. Phœnix Rattan Co. 168 Mass. 570. There was no offer to show that the plaintiff did not take the notes in good faith for value, without notice and before maturity. As the cases stood, proof of want of consideration would have been no defence, and the defendants were not harmed by the exclusion of evidence tending to make such proof, even if the evidence excluded was relevant to an issue raised by the allegations of the answers. Under the circumstances the issue was immaterial and the evidence could be excluded properly.

3. Among the effects of the company turned over to the receiver by the officers were forty-nine paid notes made and paid by it, and a note book upon which those notes and the notes in suit were entered. The note book and notes were [581]*581admitted in. evidence, and the seventh, eighth, and ninth exceptions relate to their admission. The note book contained entries of the making of each of the forty-nine notes and of the three notes in suit. It also contained entries of the payment of the forty-nine notes and no entry of the payment of the three. Many of the forty-nine notes were signed by the president and secretary in a way similar to that in which the notes in suit were signed, thus tending to show that it was within the duty of those officers to sign notes for the corporation.' In some instances the signature of' the company was made by the use of a rubber stamp, in others it was typewritten, and in others it was in the handwriting of the secretary, and in these respects the notes admitted were similar to those in suit. All this evidence was admitted rightly because it was competent as against the defendant company.

While the defendants when objecting to the admission of the evidence asked that the forty-nine notes should not be admitted as a standard of handwriting, and that the purpose for which they were to be received should be restricted, no request was made that either the book or the notes should be admitted only as against the defendant company. As against it the book and notes were its admissions and competent for all purposes. The exceptions to the admission of this evidence were, therefore, not well taken, No request was made that its effect should be limited to the defendant company. The request that the notes be not admitted as standards of handwriting was too broad, as they were competent for all purposes as against one defendant, and the general request that the purpose for which they were received be restricted, was too indefinite. See Earle v. Earle, 11 Allen, 1; Howe v. Ray, 113 Mass. 88 ; Packer v. Lockman, 115 Mass. 72; Potter v. Baldwin, 133 Mass. 427.

4. The tenth exception was to the admission in evidence of the three notes in suit. This exception has not been argued. There was abundant evidence as against most of the defendants of the genuineness of the notes and they were admitted rightly.

5. The eleventh exception was to the exclusion of evidence of the by-laws of the company, requiring “ checks or other instruments for the payment of money ” to be signed by the president and countersigned by the treasurer. No evidence was offered [582]*582tending to show that the plaintiff had actual knowledge of the by-laws. As the maker of the note was a corporation, its bylaws would have been competent in favor of the plaintiff to show that the notes were signed by persons having due authority from the corporation. But the plaintiff had not introduced them for that or for any purpose, and relied wholly upon the proof that the corporation had recognized and paid such notes made and signed like those in suit. While the by-laws gave authority to certain officers, the corporation could also confer the power to issue its notes in other ways. As the plaintiff relied wholly upon the fact that the corporation had been accustomed to recognize and pay notes made like those in suit, it was immaterial that the by-laws provided that notes should be made in some other manner. The defendants were xnot harmed by the exclusion of this evidence. The existence of such a bylaw could not affect the rights of the plaintiff as the holder of a note signed by the officers, within the apparent scope of the power which the corporation held them out as having, by paying notes signed like those in suit.

6. In the course of the trial it was contended by the plaintiff that it had taken the notes in. suit from the Standard National Bank of New York, and that that bank had discounted them before maturity. The defendants called as a witness one Shalek, who testified that he received the notes-in suit by mail in New York, the two of March 1, 1898, on March 11, 1898, and that on the last mentioned day he took them to the Standard National Bank and gave them to one Burrows, its cashier, who was then also the treasurer of the brewing company; and that at a later date the witness received the note of March 14, 1898, with another of the same date, and mailed the same to Burrows at the bank.

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Bluebook (online)
58 N.E. 162, 176 Mass. 577, 1900 Mass. LEXIS 969, Counsel Stack Legal Research, https://law.counselstack.com/opinion/produce-exchange-trust-co-v-bieberbach-mass-1900.