17 Tex. 102 | Tex. | 1856
This case was argued at the last Term, and an opinion delivered, aErming the judgment of the Court be
The draft being drawn in the State of Texas, on, and payable at, a house or mercantile firm in the city of New Orleans, State of Louisiana, the question is, shall the laws of the State of Louisiana, or Texas, within which it was drawn, regulate the liability of the drawer, and fix the rate of damages and interest to be recovered. This question is precisely the one presented in the case of Raymond, v. Holmes, 11 Tex. R. 54. The opinion we delivered discusses the question, and refers to the different rule of decision prevailing in England and the American Courts : that in the former the settled ruléis, that the law of the place of the payment must govern, whilst the American Courts, by following the law of the French Code of Commerce, have been equally steady in sustaining the opposite rule, that the law of the place where the draft or bill was drawn, must govern, when recourse is had upon the drawer ; and in like manner the liability of the different indorsers are to' be regulated by the law of the place where each of the endorsements may have been made. We regarded it important that uniformity of decision, on a question of so much importance to commerce, should be observed, and therefore decided that we would conform to the rule that seemed to have been so strictly sustained on this side of the Atlantic. It is therefore not important to aver or prove what was the law regulating damages, or interest, in the State of Louisiana, as the laws of this State must govern.
The other cases, in which it has been supposed this Court had sustained the same doctrine as expressed in the preceding one, are altogether foreign to the point. They were all on promissory notes, where a particular place, without the jurisdiction of this Court, was expressly named as the place of payment, and the suits were brought against the makers of the note or contract. (See Cook v. Crawford, 1 Tex. R. 9 ; Burton v. Anderson, Id. 93 ; Wheeler v. Pope, 5 Tex. Id. 262 ; Andrews v. Hoxey, Id. 171.
An adherence to an erroneous opinion, formed and expressed under such circumstances, subverting the uniform doctrine of the American Courts, would manifest a fastidious regard for our own decisions, not only far from commendable, but decidedly wrong.
On the application for a rehearing, the appellant insisted that the judgment should at least be reformed, so as to strike out the interest that had been allowed according to our legal rate of interest. But according to the law as we have shown,
Ordered accordingly.