Russo v. Fidelity & Deposit Co.

56 So. 506, 129 La. 554, 1911 La. LEXIS 791
CourtSupreme Court of Louisiana
DecidedNovember 13, 1911
DocketNo. 19,019
StatusPublished
Cited by16 cases

This text of 56 So. 506 (Russo v. Fidelity & Deposit Co.) is published on Counsel Stack Legal Research, covering Supreme Court of Louisiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Russo v. Fidelity & Deposit Co., 56 So. 506, 129 La. 554, 1911 La. LEXIS 791 (La. 1911).

Opinion

Statement of the Case.

MONROE, J.

Plaintiff, as holder of a note for $1,000, purporting to have been made by Charles A. Spitzfaden and secured by an act of mortgage executed by him, brought suit against said Spitzfaden, which resulted in an adverse judgment, decreeing, in effect, that said note and act were forged. It then brought suit against Theodore G. Spitzfaden, the notary before whom the instruments purported to have been executed, and against defendant, as the surety upon his official bond.

Defendant answered, denying, generally, the allegations of the petition, admitting its signature to the bond sued on, and, further, as follows:

“That claims, some of which have gone to judgment, largely exceeding its maximum liability, under the bond of $10,000, have been propounded against respondent, and respondent reserves all of its rights, upon the trial of this case, to show the amounts which it has paid in liquidation of those judgments and in satisfaction of its maximum liability of $10,-000 upon Theodore G. Spitzfaden’s bond. Further answering, respondent pleads that, in the event the balance unpaid on said bond is insufficient to satisfy plaintiff’s claim, plaintiff’s judgment be restricted to the balance due by respondent upon its bond.”

The evidence adduced on behalf of the defendant, surety, consisted of the testimony of its counsel, to the effect that defendant had been condemned, by judgments rendered in certain suits, brought on the bond in question, of which judgments some had been paid in full, some had been paid with a reservation concerning the question of interest and attorney’s fees, one was about to be paid, one was about to be taken up by appeal, and one was about to be made the subject of an application for the writ of review. The names of the respective plaintiffs in the suits mentioned, the amounts for which the judgments were rendered, and the status of the judgments, as shown by the testimony, may be briefly stated as follows:

Felmeden — $1,289.50 (or, perhaps, $1,281.-50), paid, on final judgment, January 24, 1910. What attorney’s fees and interest, if any, or costs, were included in the amount paid, does not appear. The testimony of the counsel concerning the payment is as follows:

“I paid Scott Beer and E. M. Robbert $1,-289.5Ó. There is a further amount due under that judgment, for interest and attorney’s fees, and, by agreement between counsel, the question of the correct interest on these claims, being in the nature of damages, is to be determined by the final result in the suit of Flanagan v. Spitzfaden. I am not able, at this time, to give the exact amount of the claim, but I have paid $1,281.50, and, if the interest is different from what I think it ought to be, the claim will aggregate $1,300.”

Feldner — $952.30, paid, on final judgment, November 22, 1909.

[557]*557“There is an item of $46.50 still due under that judgment, to be determined by the final result in Flanagan v. Spitzfaden.”

Barron — $771.10, paid, on final judgment, November 22, 1909. There is an item of conventional interest, $96.20; and attorney’s fees, $75, which is to be determined by the final result in the case of Flanagan v. Spitzfaden, to be added to that amount.

Russo — $330.20, paid, on final judgment, December 1, 1909; and a further sum of $98.40, dependent on decision in Flanagan case.

Russo — $127.88, paid, on final judgment, December 20, 1909, and claim for further amount (not stated) for attorney’s fees and interest, dependent on decision in Flanagan case.

Barron — $1,546.93, paid, on final judgment, February 26, 1910; and question, whether defendant was liable for conventional or legal interest, left dependent on decision in Flanagan case.

Hesse — Final judgment for $2,350, with legal interest from judicial demand, “April, 1909,” and costs aggregating $92, to be paid within a “few days.”

Deering — Judgment for $650, “interest and costs,” just rendered, and from which an appeal was to be taken.

Flanagan — Judgment for $915, “with legal interest from judicial demand and costs,” affirmed by Court of Appeal, and to be made the subject of an application for writ of review. Costs, exclusive of such application, said to amount, approximately, to $61.50.

The aggregate amount, so far as the actual figures are .disclosed, for which defendant had thus been condemned, was $9,408.73, or $9,416.73 (as the amount paid to Felmeden may have been $1,289.50 or $1,281.50). The additional amount, so far as disclosed by the figures given, for which claims were pending, was, say, $334, making a liability on the bond of, say, $9,750.73; to which may be added the unstated amounts said to have been awaiting judicial action in the |'lanagan case, in one of the Barron cases, one of the Russo cases, and, possibly, in the Deering case. Upon the case thus presented, there was judgment in the district court in favor of plaintiff and against the two defendants, in solido, for .the amount of the note sued on, with interest at 8 per cent, per annum from its date until paid, 10' per cent, upon said amount, principal and interest, as attorney’s fees, in accordance with the stipulation in the act of mortgage, $18,-35 for costs expended by plaintiff in the suit against Charles A. Spitzfaden, and all costs of the suit thus decided. The judgment, however, concludes as follows:

“This judgment against the Fidelity & Deposit Company of Maryland to be executory only to the extent of such balance as may remain unpaid under its bond of $10,000.”

Neither of the defendants appealed, and, upon the appeal of the plaintiff, the judgment was affirmed by the Court of Appeal.

Opinion.

[1] 1. We are referred to no statute which requires a party, so situated as defendant appears to have been, to call together, in concursus, those asserting claims, or having claims to assert, against him as a common debtor; nor are we able to say, from the record before us, whether such a course was practicable, in this instance. Counsel for the applicant says, in his brief, that the suit against Charles A. Spitzfaden, to test the genuineness of the signature to the note held by applicant, was among the first brought, as the result of the wrongdoing of Spitzfaden, the notary, and that the present suit was brought against the notary and his surety “before many, if not all, of the judgments (in similar cases) were rendered.” We do not question the statement of counsel; but we do not find the information, thereby imparted, in the record, which fails to inform us of the dates upon which the different [559]*559suits referred to were instituted. Moreover, if the applicant was, originally, of the opinion that the note held by him was genuine, and, in that belief, brought suit against the maker, he could hardly have expected the holders of other notes, which they believed to have been forged by the notary, to await the result of the suit so brought, before bringing suits against the notary and his surety on their own claim; nor could he have expected that the surety of the notary would take the position that his (the applicant’s) note was forged (when the applicant was asserting the contrary) and call him in eoncursus, with the holders of the notes which might have been conceded to have been forged.

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Bluebook (online)
56 So. 506, 129 La. 554, 1911 La. LEXIS 791, Counsel Stack Legal Research, https://law.counselstack.com/opinion/russo-v-fidelity-deposit-co-la-1911.