Varick v. Edwards

1 Hoff. Ch. 382, 1840 N.Y. LEXIS 305
CourtNew York Court of Chancery
DecidedMay 4, 1840
StatusPublished
Cited by7 cases

This text of 1 Hoff. Ch. 382 (Varick v. Edwards) is published on Counsel Stack Legal Research, covering New York Court of Chancery primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Varick v. Edwards, 1 Hoff. Ch. 382, 1840 N.Y. LEXIS 305 (N.Y. 1840).

Opinion

The Assistant Vice-Chancellor :

I approach with anxiety and self-distrust the discussion of this important case; a case which has given birth to such severe litiga.taion ; and which, .while it has tasked the powers of thé ablest of the profession and of the bench, has been marked with the most strikingly inconsistent decisions of eminent tribunals, and stands an unpleasing memorial of judicial fallibility. In examining it I shall first inquire whether under any circumstances and at any time, such a bill ag the present could have been filed by any one standing in the same situation as the complainants; and next, if it could, whether any circumstances now exist which prevent the exercise of such a right.

I. To present the first point more distinctly, I shall suppose the case of a bill filed in the year 1814, when Medcef Eden the younger had been a few months deceased.

A summary of the facts is essential. And from all the testimony, I hold it indisputable that Medcef Eden the elder, was in possession at his death as mortgagee only. It will be noticed that the Chancellor, in Jackson v. Waldron, (13 Wendell,) considered the weight of evidence [385]*385to have been in favor of this supposition. Senator Tracy holds that, even if the possession did not commence before the purchase of the Howard mortgage, yet Eden’s claim of ownership between that event and his death, with his devising the same as if he held the fee, was a sufficient proof of a higher title than mortgagee. But he says, “ that though the release purported to carry a fee interest, “ it would not conclude the party from showing that the “ mortgage was outstanding. A distinct avowal of Eden “that he held possession as mortgagee, and one from Bridgwater, that the mortgage was due and unpaid " would be sufficient. That there was nothing in the instrument concluding either party from proving any fact “ illustrating the true condition of the mortgage, or the “ actual character of the estate.”

Other testimony has been adduced to this point besides that used on the trial at law, and the whole carefully examined, leaves no room to question that the elder Eden commenced his possession as equitable mortgagee only.

The earliest document is the bond executed by Bridgwater to Eden, the 21st of April, 1782, with the endorsement, “ that the deeds had been delivered for security of the same to be returned when the monies were paid,” or (which is the meaning,) “ a mortgage to be executed.”

This bond is fully proven. The denial by Pelletrau of his signature as a witness, I am constrained to say was untrue. The bond is established beyond contradiction or evasion.

But the endorsement is not established in evidence. The hand writing of Bridgwater is not proven. This is a defect; but I am satisfied from other circumstances and evidence, that this endorsement discloses the truth of the case. Bayard swears that he knew Bridgwater, who resided on the premises, and that he was at his house before the evacuation ; he went to see Ware Branson who introduced him to Bridgwater. Tylee says he knew Bridgwater and wife; that they lived on the premises before the war; that he was the reputed owner, and that he continued there until he went off with the British. [386]*386Wood says that he had been in Bridgwater’s house in Nassau-street.

On the other side is, first, the testimony of Quackenboss, who says that Eden asserted that he had bought the property, and afterwards discovered there was a mortgage which he had to pay, and which cost him £200. It is impossible to believe that this was the fact. The coloring is, that the mortgage unexpectedly appeared. Now the mortgage was registered on the day after it was executed, viz : the 1st of August, 1768, and to suppose, that if Eden had fairly purchased the property he was ignorant of that mortgage, is out of the question ; and yet the title deeds which the complainants have produced, must, I think, have been in his possession. Now all this is consistent with the endorsement and with nothing else.

There is also the evidence of Pelletrau. He says, “ that “ he went to school to one Piggott,- who kept there before “the British evacuated and who held under Eden ; that he “ saw Piggott pay rent to Eden when he went to school, “which was in 1782 or 1783.” At that time the witness was ten or eleven years of age, and yet speaks with confidence of this payment of money as a payment of rent to Eden. But if his statement is perfectly true, it is easily explained. The testimony • of Bayard and Tylee bring Bridgwater’s possession down to the eve of the evacuation. It may very well be that if a small portion of the premises was used as a school, Eden was allowed to receive the rent after the bond executed to him in 1782. Wood says there were buildings extending a considerable way in the rear. This view dispenses with the necessity of commenting upon the shock which Pelletrau’s testimony has received, by the evidence of Wood and others of the genuineness of his signature to the bond of April, 1782.

Again, Wood very explicitly deposes that the elder Eden, as well as his sons, admitted that the title originated in a mortgage from Bridgwater, and fixes the date of one of such admissions in 1783, when Bridgwater was present, before the evacuation. I consider that this declaration of [387]*387the elder Eden is as admissible as the declarations that he had bought that property, or that he was the owner. If the latter statement from his own mouth is to serve to . characterize his claim, as Senator Tracy has allowed it to do, the other declaration must be allowed to contradict or neutralize it. Probably both declarations are legal evidence, (2 Philips by Cowen, 192 n.) Certainly that to Wood is such. (Barker v. Roe, 2 Russel, 67, n.)

_ Again, in April, 1782, Bridgwater executes his^bond to Eden. In November, 1783, the evacuation takes place, and Bridgwater leaves the city. On the 27th of Decern? her, 1783, the assignment of the Howard mortgage is taken by Eden. As owner he would naturally have had it satisfied of record. As second mortgagee he would protect himself by taking an assignment.

Again, the interest on the mortgage had been paid down to August, 1778, and there were six endorsements on the bond to that effect signed by Bridgwater, the last in July, 1778. The consideration of the assignment was plainly the principal and interest then due, viz. £137 9s. 8d. And I may here notice a fact of some little consequence in which the testimony before me presents a different case from that at law. The chief justice, after observing that in point of fact the mortgage was considered by all parties as of little value at the time of the assignment, says, that there was then due upon it about $900, while it was assigned for $500. This is certainly stated on the supposition that no interest had ever been paid on the mortgage ; but in fact the interest had been paid down to 1778, and the actual amount due in 1804, was about $700.

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Bluebook (online)
1 Hoff. Ch. 382, 1840 N.Y. LEXIS 305, Counsel Stack Legal Research, https://law.counselstack.com/opinion/varick-v-edwards-nychanct-1840.