Court Opinion

ID: 6615133
Source: CourtListenerOpinion
Date Created: 2022-07-20 20:21:32.852142+00
Date Added: 2024-06-11T15:58:29.811043
License: Public Domain

Ellison, J.
This was an action o.n a negotiable promissory note, the petition, as amended, declaring, “that on the seventeenth day of January, 1884, the said defendant, through its president and chief officer, Rudolph Schmidt, acting for and in the interests of said *189company, and over the signature and style of ‘Rud. Schmidt M. Co., Rud. Schmidt, Prs.,’ made, executed,” etc., its promissory note to plaintiff for five hundred dollars. The note was in words and figures following, to-wit:
“$500. Sedaría, Mo., Jan. 17, 1884.
“Forty-five days after date, I promise to pay to the order of Chas. Keck, at the Fourth National Bank of St. Louis, Missouri, Five Hundred Dollars, for value received, negotiable and payable without defalcation or discount, with interest from maturity, at the rate of ten per cent, per annum.
“Rud. Schmidt M, Co.,
“Rúd. Schmidt, Pres.”
Defendant objected, to the introduction of any evidence, under the petition, “because it does not state-facts sufficient to constitute a cause of action.” This was overruled.
Defendant also objected to the introduction of the note, “because it was not the note declared on, and because it was not, and did not purport on its face to be, the note of the defendant, but, on the contrary, showed on its face that it was the note of another and different person.”
These objections were overruled and the note read in evidence.
Plaintiff obtained judgment below, and defendant appeals.
It will be noticed that the name of the defendant nowhere appears on the face, of the note. It being negotiable commercial paper, the question presented is, can a party unknown to the face of the paper, be held liable in an action thereon? We are not cited to any adjudication of this question by the supreme court of this state, but from adjudications in other states and the position taken by standard text writers, I am of the opinion that, in the absence of testimony showing the party *190•sought to be charged used the name found in the instrument as his business name, or that he ever recognized it .as equivalent to his signature, he cannot be held liable in an action on the instrument itself. The action would be on the case. One may use or adopt a name, other than his own, and be bound by contracts to which he attaches it. This is frequently done,, especially in partner•ships, but there must be proof of this at the trial. £ ‘ It is well settled that any person taking a negotiable promissory note, contracts with those only whose names are signed to it as parties, and cannot, therefore, maintain an action upon the note, against any other person. That rule, of course, does not preclude charging a party who, instead of a name by which he is usually known, signs, with intent to bind himself thereby, his initials, or a mark, or any name under which he is proved to have field himself out to the world and carried on business.” Bartlett v. Tucker, 104 Mass. 336. This doctrine is sustained by Daniels, Neg. Inst., sects. 303-4; Byles on Bills, :37; Story on Agency, sect. 164 in), and, I believe, by Chitty, though I have not his work before me. The terms and obligations of a negotiable note are to be found written within its corners. “It is a courier •without luggage, whose countenance is its passport.” Heaton v. Meyers, 4 Col. 59 ; Pentz v. Stanton, 10 Wend. 271; Thurston v. Munro, 1 Green (Iowa) 231; Kenyon v. Williams, 19 Ind. 45.
In the case before us, the name signed to the note is Rud. Schmidt M. Co., said to mean the Rud. .Schmidt Malting Company. There is no evidence that the Sédalia Brewing Company ever used that name, or held it out to the world as a name by which it would be bound.
Under the pleadings in the cause, there was no necessity of proving defendant to be a corporation. As the cause is to be remanded, I will say the evidence offered by plaintiff and rejected by the court, would not be competent in this action.
The judgment is reversed and the cause remanded.
'The other judges concur.