Wernwag v. Brown

3 Blackf. 457, 1834 Ind. LEXIS 56
CourtIndiana Supreme Court
DecidedDecember 4, 1834
StatusPublished
Cited by2 cases

This text of 3 Blackf. 457 (Wernwag v. Brown) 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
Wernwag v. Brown, 3 Blackf. 457, 1834 Ind. LEXIS 56 (Ind. 1834).

Opinion

M’Kinney, J.

This is a bill in .chancery to foreclose a mortgage, brought by Brown Morrison against Wernwag. A demurrer was filed to the bill, which we think was correctly overruled by the .Circuit Court. That Court rendered a decree in favour of the complainants.

The principal and only question to be decided is presented by the first error assigned, which is as follows: — “There is no sum decreed to be paid, but the amount is left open for the clerk or sheriff finally .to decree the amount due at the'time of sale, so that exorbitant interest may be calculated to that time.” The record shows, that the mortgage was executed to secure the payment of several sums of money due by judgments, notes, &c., upon a part of which' due by notes, interest was agreed to be paid at the rate of 25 per cent, per annum, and upon one note for 319 dollars and 49 cents, the sum of 12 dollars per month was agreed to be paid. The Circuit Court decreed, “That the amount of the several notes, judgments, and securities, mentioned in the said bill of complaint, and the conditions of said mortgages respectively, or so much thereof as may then be due and owing to the said complainants by the said William H. Wernwag, together with all interest, and the costs of this suit, and all costs on the judgments enumerated in the said bill of complaint, be paid to the said complainants on or before the 1st day of January next; and in default,” &e.

This decree is radically defective, — 1. Because it gives to the mortgagees interest at the stipulated rate to the 1st day of January next ensuing its rendition, the day on which the money is decreed to be paid; and 2. Because it leaves the sum [458]*458to be paid, to be decided by the clerk or sheriff without the action of the Court.

C. Fletcher and W. Quarles, for the plaintiff. J. Morrison, for the defendant.

1. The case of Miller v. Burroughs, 4 Johns. C. R. 436, settles the first point, that after a decree the original contract is merged, and from that time the sum decreed draws only the legal rate of interest. So that in the case before us, although by statute the higher rate of interest agreed to be paid was recoverable by the decree

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Related

Kist v. Coughlin
57 N.E.2d 199 (Indiana Supreme Court, 1944)
Wilson v. Marsh
13 N.J. Eq. 289 (New Jersey Court of Chancery, 1861)

Cite This Page — Counsel Stack

Bluebook (online)
3 Blackf. 457, 1834 Ind. LEXIS 56, Counsel Stack Legal Research, https://law.counselstack.com/opinion/wernwag-v-brown-ind-1834.