Court Opinion

ID: 6503765
Source: CourtListenerOpinion
Date Created: 2022-07-19 18:16:12.586983+00
Date Added: 2024-06-11T15:54:40.826872
License: Public Domain

COLLIER, C. J.
The question sought to be raised by the objection to the evidence adduced by the plaintiffs, and the prayers for instruction to the jury is identical, and we shall so consider it. It is this, is the indorsement of a credit on a note written and subscribed with the hand of one of the payees, and bearing date before the statute of limitations had operated a bar, evidence that the payment was made at the time indicated so as to relieve the note from the influence of the statute; or if it be not evidence per se, does it become sufficient when aided by an account in favor of the makers against one of several payees, for an amount equal to the credit indorsed, the payment of which is receipted by the makers on the day on which the indorsement is dated ?
In McGehee v. Greer, 7 Port. Rep. 537, it was held, that a party who relies on a credit indorsed on a note by himself must prove the date of the payment, to arrest the operation of the statute of limitations ; and “ to permit the fact to be established by the credit entered on the note, would be man--ifestly allowing the party relying on it, to make evidence for himself.” So in Whitney v. Bigelow, 4 Pick. Rep. 110, it was said that an indorsement of part payment on a promissory note, is not of itself, and as a matter of course admissible to take it out of the statute of limitations ; but to make it ev*563idence, it should be shown that it was made at a time when it was against the interest of the holder to make it. Rose-boom v. Billington, 17 Johns. R. 182. See also Schermerhom et al. v. Schermerhom, 1 Wend. 119. But an indorsement In the hand-writing of the maker is evidence against him, no matter when made. Bolt v. Bullman, 1 Yeates’ Rep. 584.
In Gibson v. Peebles, 2 McC. R. 418, it was decided, that receipts upon a note, if apparently fair, and not attended with circumstances calculated to excite suspicion that they were indorsed for the purpose of taking the case out of the statute of limitations, ar epima facie evidence ofthe fact they indicate. “ If there be nothing,” say the court, “ to induce a belief that the receipt is not a fair one, the jury ought, and no doubt will, always presume that the payment was made. If there be any circumstances they can be urged by the defendant, and if the payment was not made, there will be always some circumstances to raise a presumption of fraud.” There the note was for ¡$400, and the receipts were for §350, and bore date within two years after the note was made, and the court lay stress upon the fact of the small balance demanded, and the usual mode of indorsing payments on such securities by the holders; for it was conceded that a credit indorsed on an account would not be admissible evidence to interrupt the running of the statute. We notice this casé because, so far as our researches extend, it stands “solitary and alone,” supported by reasoning peculiar to itself — at variance not only with many adjudications, but with some of the best settled rules of evidence. The magnitude of the credit, and usage of creditors to indorse payments, it is clear cannot warrant the conclusion of the court. If it were possible for a general and uniform custom to exist in such a case, it is quite enough to say, that there was no proof of its existence.
There is nothing in the record to show any connection between the account of the defendants against the plaintiff, Ferguson, and the note, so that although the receipt of the defendants at the foot of the account is of the same date with the indorsement, it cannot be inferred that the account was paid by deducting pro tanto from the amount of the note. If the receipt of the account had in any manner acknowledged *564the credit on the note, the proof would have been sufficient, but we can make no such intendment in the absence of any predicate on which to rest it; the more especially as the account was against but one member of the firm to whom the note was payable.
It results from this view, that the judgment of the circuit court of Dallas must be reversed, and the cause remanded.