Randall v. Parramore

1 Fla. 409
CourtSupreme Court of Florida
DecidedJanuary 15, 1847
StatusPublished
Cited by18 cases

This text of 1 Fla. 409 (Randall v. Parramore) is published on Counsel Stack Legal Research, covering Supreme Court of Florida primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Randall v. Parramore, 1 Fla. 409 (Fla. 1847).

Opinion

Douglas, Ch. J.,

delivered the following opinion:

This case was brought up by writ of error from the Jefferson Circuit Court.

The suit was commenced by petition to foreclose a mortgage under the Act of Doer. 11th, 1824, “ To regulate the foreclosure of mortgages at Common Law,” &c. Duval’s Comp., page 38.

The record shews that the mortgage was given on the 19th day o.f Deer., 1836, by the said Thomas Randall to the said Smith & Parramore, the petitioners in the Court below, upon certain lands in the mortgage described, to secure the payment of three certain promissory note of the same date, amounting in the whole to nine thous- and seven hundred and fifty-four dollars and ninety-two cents, one of which said notes was payable one year after the date thereof for the sum of $3027 39 ; one other of said notes was payable two year's after the date thereof for the sum of $3251 64, and the other was payable three years after the date thereof for the sum of $3475 89. The two notes first mentioned were paid before the institution of this suit. The foreclosure is sought, therefore, for the alleged non-payment of the last mentioned note. To this petition the defendant Randall put in three pleas. The first and second áre pleas of payment. In the third plea, the defendant alleged that after the execution of the said deed of mortgage, he did by deed of mortgage duly [417]*417executed, of which the said Smith and Parramore had notice, mortgage and pledge the lands and property in the mortgage first referred to contained, and conveyed to' the Union Bank of Florida, to secure a certain amount of stock of said -Bank, then subscribed in the name and behalf of said Thomas; and by the terms of the charter of said Bank it was provided and conditioned, that ail money, to be borrowed on the pledge of the stock of .said Bank, where the property so secured was subject to a former- mortgage,- was first to be applied to the payment and extinguishment of said' prior lien, of which provision and condition'in said charter and law aforesaid the said Smith and[ Parramore had notice; and 'further, that on the 12th day of .Decern-ber, 1888, he being then indebted to the said Smith and Parramore as well on the three notes in the first recited mortgage, and in the said petition referred to, as also other promissory notes not secured and provided for in said mortgage, did then by check on the Union , Bank of Florida to said Smith and Parramore delivered, order and direct the payment of the sum of eleven thousand eight hundred and sixty-six 9-100 dollars to said Smith and Parramore, in full payment and satisfaction of said three notes in. the said petition. referred to, and in extinguishment of the lien in said mortgage, and that the said Smith and Parramore did then and there accept the same on said terms, and did on the 14th day of December, 1888, present the said check at the said Union Bank, and did then and there receive payment in full of the same. To each of these pleas a general replica, lion was filed by the petitioners, upon which issue was joined. The payment relied upon by the plaintiff in error was the check for $11,., 866 09 upon the said Bank, given by him to Smith and Parramore, on the 12th day of December, 1838. It appears from the testimony of Hy. L. Rutgers, Cashier, set out in the bill, of exceptions which constitutes part of the record in this case, that the plaintiff in error was at that time a stockholder in,that Bank to the amount of 581 shares, which he had procured at different times by mortgages upon slaves and land; and that he was entitled to draw two thirds of the amount of his shares, say $38,733'34-10.0, and that he had drawn at various- times before the 14th of December, 1838, $18,450 76-100, leaving a balance at the time when the above mentioned check of $11,866 09 was drawn, of $26,282 58 against which he could draw, being $8,616 49 over and above the amount of the check, [418]*418and $5,140 60 more than sufficient to pay the note On which this suit was brought. At the time when the check was drawn, viz., the 12th December, 1888, upon his complying with the requisitions of the charter, the lands mortgaged by the plaintiff in error to the Union Bank, as appears by' other evidence in the case, included certain tracts which he had purchased of Smith and Parramore and one Jesse H. Willis, which he (Randall) called his Ocilla lands,'and also other land which he had bought of the United States. His indebtedness to Smith and Parramore was,for the purchase money of the lands which he had so purchased of them and of said Willis, who had transferred to them some of Randall’s notes. This check of Randall for $11,866 09, Rutgers, the witness before mentioned, says was presented to him by Reddin W. Parramore, one of the parties, pn the 14th of December, 1888, and paid; and that, Reddin W. Parramore, at the time when he presented the check for payment, delivered to John Parkhill, Esq., who was then Cashier of the Union Bank, (Rut- • gers being at that time Teller), a letter bearing date on the same day that the check was drawn, in which the plaintiff in error said to Parkhill, “T have this day drawn a check in-favor of Smith and Par-ramore for the sum of 11,866 9-100 dollars, to be paid at your Bank, as a loan" On my stock, the whole of this amount goes to extinguish so far the sum due to them on my Ocilla ■ lands pledged to the Bank” It does not appear from the proofs in the cause, that Parramore was expressly informed of the'contents of the letter, or whether it was opened or sealed. The plaintiff in error, however, in his answer to a bill in Chancery, which it appears had been filed by said Bank agajnst himself and others, and which was offered in evidence by the defendants in error ánd permitted to be read to the jury, states that from the nature of the transaction and the perfectly frank and open manner of dealing between the parties, he is fully satisfied that the contents of the letter must have been communicated to Parra-more. It further appears by the bill of exceptions, that the said Jesse H. Willis, and Smith and Parramore, were appraisers of the lands so mortgaged by the plaintiff in error to the Union Bank; and the plaintiff in error in his said answer in the Chancery suit says that “ as well from the fact of said appraisement so by them made as also fróm personal communications made to them by him and Jesse Hi Willis, in his presence, he fully believes that said Smith and Parra-[419]*419more were advised and well knew’that Ms said lands were proposed to be placed in said Bank by hint, and also that from the proceeds of the loan to be made on the stock so secured on their pledge, defendants (Smith and Parramore) were to be paid, the amount of their lien on said land. Randall, in his letter to Parkhill before mentioned, says, “ I left with you a power of attorney to sign my stock notes for me in my absence, under- which you can still act for the purpose of making a stock note to cover the amount, and also the further sum of .3,000 dollars, for which I have given them a check on your Bank of this date. To avoid trouble, however, I have signed my name on the opposite page to a note in blank, to be filled up as a stock note, if needfuland Rutgers, in his testimony, says the notes in the mortgage of Smith and Parramore amounted to $9,704 on the 12th December, 1838, and that the sum of $11,866 9-100 was paid to Smith and Parramore, as directed by letter of Thomas Randall, to extinguish the sum due to them on the Otilia lands. There was, he says, no actual cancellation that he is aware of.

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Bluebook (online)
1 Fla. 409, Counsel Stack Legal Research, https://law.counselstack.com/opinion/randall-v-parramore-fla-1847.