The daily Cairo bulletin. (Cairo, Ill.) 1878-1???, 1881-03-01
SHEEP sHEARING.
How tho Vermont Squire Outwitted the
Boston L IwYer.

named Brown, who owned large sheep
farm, and who, once on time finding
| himself in difficulties, came down TO
Boston and consulted his brothcr-in-law,
who was a lawyer, rs to ways and
means Of raising money, The lawyer,
who was keen man Of business, and
had money 10 spare, agreed TO lend the
farmer such sums rs he required, pro-
vidcd the latter would give him first
mortgage on the sheep farm. The
farmer assontcd to this, the mortgage
was duly made and recorded, and the
farmer returned home to Vermont with
money in his pocket.
Time went on, and the farmer paid
interest promptly the same passing
through the hands Of one John Smith,
who was a man Of mark in the farmers
ncighborhood, and hal accordingly
been deputcd by the Boston lawyer
to receive the interest and forward the
same to him,
At length, however, Farmer Brown,
finding little market for his wool, and
having invested in certain worthless
outlying farms, again fell into difficult
ties, and this time sought the advice
| and assistance OF his nCighbor, Smith,
who, after looking over the matter,
\ agreed to advance Brown certain sums
and take security, by mortgage of the
farmers carts, wagons, horses, sheep.
shears, aud other personal property,
the farm itself being already mortgage
| ed To the Boston LAWYER
But Brown still failed to prosper, and
at length could pay interest nethcrto the
lawyers nor to Smith. Then it was agreed
that his assets should be fairly divided
between the two mortgages, and Squire
Joyce, II justice of the peace in the
| neighborhOod. vino was a member of
the same church as Smith, was selected
to act as referee, The parties met at
the squire'S Office, and zach spoke for
himself, the lawyer first Said he' Il
have first mortgage on the farm,
duly executed and recorded, and, of
course, the farm must belong to me-"
"Not much!' said Smith 81 have q
mortgage later than yours, on the per-
! sonal property and if that isn't enough
to cover my debt, shall grab the farm
too. My equity is superior to yours
Isn't that So squirc?'
The squire hcmmed and hawcd
| and finally said 10 the lawyer; "You
consented to Smiths mortgage, didn't
you?"
"Nevcrw said the lawyer.
That makes no difference" inter-
rupted Smith, II did it for your
",Jcs' so, ies SOP said the squire, 81
remember The whole business was
mighty simple. You jest consented as
this Boston mans attorney, to Browns
making a mortgage TO YOU"
"But what of it." cried the lawyer.
ale couldn't give any binding assent
to make his mortgage better than
mine
Perhaps not in law said the squire,
"but in equity, in equity, my dear sir,
we 90 by equity here in Vermont
yes, | call it inequity,' said the
lawyer, soto voice,
Besides said the squire, II am in
clined to believe that it was the intcn-
ton as between Smith and Brown that
the mortgage of the carts and fxings
| should include the farm too, though
the writings don't jest say so, Wasn't
| that so smith,
Certain" said Smith
"But that makes no difference cried
the lawyer, lyon must 90 by the
record, I've authority on that point"
and he produced a bag full of books.
Young man, cried Justice Joyce
severely, "Td have you know that
this court isn't hide bound by prece-
dents sit here to do equity rs | I'M
derstand it, EquttaS non scqoiiar
lcgcm. Ahao"
That's so in Vermont, by lingo"
cried the lawyer waxing wrath
Order in the court" cried the squire.
Besides, mean to make it rule in
my court that the last mortgage shall
always have priority, It's so with Wills,
why not with mortgages Answer that,
you Boston chapH'
The lawyer was dumbfounded.
II find on the whole case" said
| Squire Joyce, summing up, that the
| farm and personally must be sold and
smith debt and interest paid, no mat
ter what becomes of this Boston man.
| And Smith as you say you have an
interest in the wheclrights' and black
smiths shops up TO the village and
Brown owes running account al both
| places, you just bring in those bills and
mebbc / don't say certain. but mcbbc
we can fix those up if there's any bal
| anCc.
The lawyer took his books back to
Boston II wiser man Smith grabbed
the farm and Shcared the sheep and
said tauutiugly to the lawyer what
are you going TO do about it?'