Case Name: MARTIN v. MORELAND
Court: Oregon Supreme Court
Jurisdiction: Oregon
Decision Date: 1918-09-03
Citations: 93 Or. 61
Docket Number: 
Parties: MARTIN v. MORELAND.
Judges: i McBride, C. J., and Burnett and Harris, JJ., concur.
Reporter: Oregon Reports
Volume: 93
Pages: 61–65

Head Matter:
Motion, to dismiss appeal overruled September 3, 1918.
Argued on the merits April 15, reversed and remanded May 20, rehearing denied July 8, 1919.
MARTIN v. MORELAND.
(174 Pac. 722; 180 Pac. 933.)
Appeal and Error — Period in Which to File Transcript.
1. Where undertaking was filed January 14th, and was not.exeepted to, the period in which to file transcript did not expire until 30 days from January 19th, the appeal not having been perfected, under Section 550, subdivision 4, L. O. L., until the expiration of the five-day period after filing of undertaking.
[As to time for appeal, see note in Ann. Cas. 1917E, 930.]
ON THE MERITS.
Words and Phrases — “Gilt Edge.”
2. The term “gilt edge,” as applied to commercial paper, is a colloquialism, meaning of the best quality or highest priee, first class, and not implying that a note which is not gilt edge is not collectible, or that the maker is irresponsible.
Fraud — Right to Recover — Injury.
3. The seller of furniture in a rooming-house to one who paid in cash and note seeured by mortgage could, not recover damages from the purchaser and another, charged to have conspired to create a pretended security, by execution of mortgage without actual consideration, unless he suffered some injury.
From Multnomah: Edwin V. Littlefield, Judge.
In Banc.
Defendant Painter appeals from a judgment rendered against him in the above-entitled action. Judgment was rendered November 21, 1917, notice of appeal was served December 19, 1917, and on the same date an undertaking on appeal was served and duly filed, hut for some reason not apparent it was stipulated by counsel that a new undertaking should he filed and that the sureties should appear and justify on January 10, 1918, at 1:30 p. m. At said time the court sustained the objection to the sufficiency of the sureties and on January 14th, a new undertaking was filed which was not excepted to. Nothing further was done in the case until February 16, 1918, when an order was made by the court extending the time to file the transcript on appeal until and including March 16, 1918.
Plaintiff moves to dismiss the appeal because no order extending the time to file the transcript was made prior to the expiration of the time to file the transcript.
From Multnomah: Edwin Y. Littleeield, Judge.
Department 1.
This is an action for damages. The complaint alleges that plaintiff was the owner of an interest in certain furniture in a rooming-house, of a value exceeding $252, and defendant Moreland, being desirous of purchasing the same, offered therefor $100 in cash, and a note for $150, secured by a mortgage upon a lot in North Pacific Addition to the City of Astoria. It is averred that Moreland represented to plaintiff that the note and mortgage were worth the face value, and that “said note and mortgage was gilt edge and first class in every respect and well secured.” The usual allegations follow, in regard to plaintiff’s reliance upon these representations, and the consequent sale and delivery of the furniture, with acceptance of the note and mortgage in part payment therefor. These recitals are followed by averments to the effect that the representations as to the value of the note and mortgage were false and fraudulent,
Motion Overruled,
Mr. Charles J. Swindells, for the motion.
Mr. F. E. Melvin and Mr. Samuel B. Huston, contra.

Opinion:
McBRIDE, C. J.
Under the provisions of Section 550, subdivision 4, L. O. L., the appeal was perfected on January 19,1918, this being five days after the last undertaking was filed. The appellant then had thirty days within which to file his transcript in this court, which time would have expired on February 18, 1918. The extension was granted on the sixteenth day of February and was, therefore, two days before the expiration of the period allowed by law. The transcript was filed here on March 15, 1918, and was within time.
Motion Overruled.