Stearns v. Page

48 U.S. 819, 12 L. Ed. 928, 7 How. 819, 1849 U.S. LEXIS 377
CourtSupreme Court of the United States
DecidedMarch 18, 1849
StatusPublished
Cited by100 cases

This text of 48 U.S. 819 (Stearns v. Page) is published on Counsel Stack Legal Research, covering Supreme Court of the United States primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Stearns v. Page, 48 U.S. 819, 12 L. Ed. 928, 7 How. 819, 1849 U.S. LEXIS 377 (1849).

Opinion

Mr. Justice GRIER

delivered the opinion of the court.

' A brief history of the conceded facts of this case; anterior to the filing of the amended bill, may save the trouble of a more tedious analysis of the bill and answer, with their numerous amendments, and tend to elucidate the merits of the case and the questions decided by the court.

John O. Page, the complainant’s intestate, was a merchant in Hallowell, Maine. He built and owned shares in vessels employed in trade, and had a retail shop or store, which, for some years before his death, was managed by his. brother, Rufus. K. Page. In 1810, John O. Page went to England, leaving his business chiefly in the care of bis brother, and died there, in February, 1811, intestate, leaving a widow and three minor children. Sarah Page, the widow, took out letters of administration on the estate. TSfie filed an inventory of the property, amounting to the sum. of $ 64,000, and charged herself with additional receipts of cash in the administration accounts after-wards filed, showing the whole amount of the estate to be over $ 80,000.

Rufus K. Page claimed to .have been a partner with his brother in. the store, by a parol agreement with him, whereby John should furnish the capital, and Rufus conduct the business, dividing the profits, five eighths to John and three eighths to Rufus.

" The sureties of Sarah Page in hér administration bond were Nathaniel Dummer, her father-in-law, and Thomas Bond, Esq., her brother-in-law, who also aided and'counselled her in settling the estate. In February, 1812, Chandler Robins, register of .the Probate Court, and John Agry, a respectable merchant and ship-owner, were mutually chosen by the adminis-tratrix and Rufus K. Page to settle all. accounts between the estate of John Ó. Page and Rufus K. Page. By. their settlement or award, Rufus was charged as debtor to John,—

*827 For advanced to store, § 10,769.00
For five eighths of profit's of store, 12,934.00
Amounting in all' to . . . ... §23,703.00
From, which was deducted John’s debt to store, 7,828.00
Leaving a balance due by Rufus to the estate, § 15,875.00

After adding and subtracting various other matterá . óf account not connected with the partnership, they found the balance due. by.Rufus to the estate to be §17,190, of which §8,106 was cash, and the remainder, §9,084, consisted of . John’s share of the notes and accounts due to the store, and which Rufus retained in his hands for collection. The firsf administration account filed by Sarah Page acknówlédges the receipt in cash of the sum of §8,106 from R. K. Page, and the accounts after-wards filed show that she had received the balance of § 9,804, partly in -cash and partly in notes.

Sarah Page settled the final account of her administration on the 20th of February, 1816. She died in 1826. In 1828, •Stearns, the complainant, intermarried with Louisa, one of the daughters and heirs of John O. Page. In 1834, he took out letters of administration de bonis non on the estate of John' O. Page, for the purpose of prosecuting claims under the treaty of the United States with France. After this, he commenced an examination of the administration accounts of- Saráh Page, and began to entertain-suspicions that Rufus K. Page had taken advantage of her ignorance of accounts, and had defiauded her in his settlement. And finally, at November term, 1838, more than twenty-six years after the settlement of defendant’s account with the administratrix, this bill was filed against Rufus K. Page for a discovery and account.

The amended bill abounds in general charges of fraud against the defendant; alleges that he concealed from the administra-trix, the true state of. the affairs of the deceased, which had been intrusted to his care; that the partnership claimed by him with the deceased was a false pretence, “and that the said Sarah did not distrust, or had it not-in her power to disprove, the same ”; that the accounts exhibited of the partnership transactions wére totally false and fraudulent in their statements and aggregates, calculated and designed to deceive and mislead.

It charges, also,,. that some ten thousand dollars of private debts due by Rufus to John were intermingled with the partnership accounts so as to produce an erroneous result, and that he had sold and converted to-'his own use the' brig Emmeline, which was owned, in whole or in part, by John, and rendered no account of the same.

*828 Afterwards, in October, 1841, by a further amendment to the bill, the'complainant admits, that, “from means of information which he now has,” there was a partnership between John and Rufus, but insists that the profits were to be divided between them in the ratio of two thirds to John and one third to Rufus.

The defendant, in his answer, after denying the general charges of fraud and mistake, asserts, that he entered into partnership, -by parol agreement, with his brother, John, in 1806; that the business of the firm was transacted in the name of Rufus K. Page ; that' John advanced the capital, and Rufus superintended and conducted the business of the store, and the profits thereof were to be divided fivd eighths to John and three eighths to Rufus; that the books of the firm were kept on these principles, and always open to the inspection of John, and frequently examined by him; that when John advanced money or goods for the use of the firm, he took -the notes of the firm; and that defendant gave notes to John for goods and money supplied, and (to use his own phrase) “ for equalizing the capital,” to the amount of over ¡$ 10,000; that immediately ■ on the announcement of the death of John O. Page, an inventory of the goods in the store was taken and placed in the hands of Bond, the attorney of Sarah Page, the administratrix; that he afterwards settled fully and fairly all accounts with the administratrix and her attorney, and produces the books, and the statement of their final settlement as made out by Robins and Agry, the referees chosen by the parties to make the- settlement and adjust- the accounts, and shows, moreover, by the administration accounts filed by said Sarah, that he had paid her the balance of over $ 17,000 found to be due b-y him according to the account thus stated.

He asserts, moreover, that John owned but one half of the-brig Emmeline, which the administratrix afterwards sold' to the defendant for the sum of $ 3,000, with which she charged herself in her administration account. And finally, the answer relies on the settlement of accounts thus made' more than twenty-five years before the filing of the bill, as a bar to all further account, especially-after so great a lapse of time, when papers are lost, witnesses dead, and transactions forgotten, and pleads the statute of limitations.

. Statutes of limitation form a part of the legislation of every government, and are necessary to the peace and repose of so.ciety. When they are addressed to courts of equity as well as to courts of law, as they seem to be in all cases of concurrent jurisdiction (as in matters of account), they are equally, obligatory on each court.

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Cite This Page — Counsel Stack

Bluebook (online)
48 U.S. 819, 12 L. Ed. 928, 7 How. 819, 1849 U.S. LEXIS 377, Counsel Stack Legal Research, https://law.counselstack.com/opinion/stearns-v-page-scotus-1849.