Rice v. Loomis

28 Ind. 399
CourtIndiana Supreme Court
DecidedNovember 15, 1867
StatusPublished
Cited by3 cases

This text of 28 Ind. 399 (Rice v. Loomis) is published on Counsel Stack Legal Research, covering Indiana Supreme Court primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Rice v. Loomis, 28 Ind. 399 (Ind. 1867).

Opinions

Frazer, C. J.

— The appellant, Gilbert J. Rice, sued the appellee, Francis B. Loomis, on an account. Demurrers were overruled to the second and third paragraphs of the answer, and those rulings are assigned for error. But as the only question argued by the appellant is made by an assignment of error upon the sustaining of a demurrer to the first paragraph of the reply, we shall discuss and decide that alone, regretting that the appellee has not chosen to give us the benefit of any argument whatever upon what seems to be a question of some difficulty.

From the third paragraph of the answer, and the first paragraph of the reply, the following facts appeared: That a written agreement for a submission to arbitration was made, as follows:

“ Whereas, a difference in settlement of accounts has arisen between C. G. Loomis,* as agent for the Uncas Woolen Mills, of Norwich, Connecticut, and Gilbert J. Rice, of Logansport, Indiana; and, wh&eas, the said parties have agreed to refer the same, together with all matters of evidence relative thereto, to the arbitration of Franklin Keys and John Lytle, with A. M. Higgins as umpire, selected as such by the said arbitrators;
“Row, therefore, that the said arbitration so to be made may be final between the said parties in difference, they, by their signatures hereunto, agree that C. C. Loopiis, for himself and as agent for the Uncas Woolen Mills as above named, shall place in the hands of the arbitrators above named, a promissory note drawn by Loomis & Co., for the sum of $300, and payable thirty days after date, to thp order of Gilbert J. Rice, and to be dated corresponding with the date [401]*401hereof; and that Gilbert J. Rice shall’also place in the hands-of said arbitrators a like promissory note, for the sum of §300, to be drawn by himself and E. 8. Rice, payable in thirty days after date, to the order of G. G. Loomis, and to be dated corresponding with the date hereof.
“ The notes so made respectively by the parties, as above-named, to be held by the said arbitrators until a settlement be made and an award or judgment be rendered by them between the parties in difference. If such award or judgment be for a less sum than §300, and be in favor of G. G. Loomis, agent as aforesaid, then an indorsement for the difference in amount shall be made on the note of Gilbert J. Rice and E. S. Rice by the said arbitrators, and said note shall by them, together with the note of Loomis & Co., as herein before mentioned, be delivered to G. C. Loomis, or if the arbitrators shall find an award or judgment in favor of Gilbert J. Rice for the payment of an amount less than §300, an indorsement for the difference shall be made upon the note of Loomis & Co. placed in the hands of the arbitrators as aforesaid, and shall by them, together with the note drawn by Gilbert J. Rice and E. S. Rice, be delivered to Gilbert J. Rice.
“ And the said parties, C. C. Loomis, agent as aforesaid, and Gilbert J. Rice, hereby agree that the award or judgment, so to be rendered by the arbitrators herein above named, and the delivery to either of said parties, as the same may be determined upon, of the promissory notes above mentioned, with any indorsement made thereon by the said arbitrators, will be accepted by them, the said C. C. Loomis, agent as aforesaid, and Gilbert J. Rice, and the same shall be effective as a full and final liquidation of all accounts and a settlement of the matters in difference between them, which shall have been submitted to the said arbitrators.
“ Witness our hands and seals this 25th day of July, 1862.
[Signed] “O. C. Loomis,
“ Gilbert J. Rice.”

[402]*402That an award was afterwards made, as follows:

STATEMENT OF AWARD.
Gilbert J. Rice in account with C. C. Loomis:
Lr.
An account filed by Gilbert J.
Rice ....................$510 06
Deduct sale for shingles..... 6 00 — $504 06
Payment to D. D. Lykeman......... 5 00
Payment of Frazer’s board bill...... 118 63
Payment of Wibby’s board bill...... 3 50
Payment of Jones’s board bill....... 54 00
6,500 shingles................. 92 05
Bill of nails....................... ' 12 65
Damages on goods................. 30 00
Damages on wool ................. 11 29
Interest on above, and goods levied upon by the sheriff of Newcastle.... 72 51 — $898 70
Cr.
By' services from March 25, 1858, to April 2, 1859, less twenty days, being three hundred days at $1 per day...$300 00
By services from April 22, 1859, to November 22, 1859, less five days, one hundred and seventy-eight days..... 178 00
By services from the 15th to the 21st of December, 1859, six days............ 6 00
To cash from D. W. Drown.......... 7 00
To cash at Logansport Dank........... 79 89
To cash at Greencastle................ 25 00
Due Loomis......................... 302 81 — $898 70
“ Logansport, July 28,1862.
“ The undersigned arbitrators to settle differences in matters of account between Gilbert J. Rice and G. C. Loomis, find the foregoing statement to be and exhibit a true state of the account between them, and award the [403]*403above stated balance, $302 81, as due and to be paid to O. C. Loomis by G■ J. Bice, as a full- and final liquidation of all accounts between them to this date, July 28, 1862.
[Signed] “John Lytle,
“ E. Keys.
“ In pursuance of the foregoing arrangement, the arbitrators and umpire therein named met, and after mature deliberation upon the evidence submitted, and a careful examination of the accounts between said parties, dp award and adjudge that the said Gilbert J. Bice is indebted to said C. C. Loomis in the sum of $302 81, to be paid by said Bice to said Loomis, and that said Loomis is entitled to receive from said arbitrators the note drawn by G. J. Bice and E. S. Bice for $300, dated July

Free access — add to your briefcase to read the full text and ask questions with AI

Related

Thompson v. Lee
589 A.2d 406 (District of Columbia Court of Appeals, 1991)
Wells v. Morrison
91 Ind. 51 (Indiana Supreme Court, 1883)
Nicholson v. Stephens
47 Ind. 185 (Indiana Supreme Court, 1874)

Cite This Page — Counsel Stack

Bluebook (online)
28 Ind. 399, Counsel Stack Legal Research, https://law.counselstack.com/opinion/rice-v-loomis-ind-1867.