60 Neb. 457 | Neb. | 1900
In 1885 one Robert Gray, of Oass county, borrowed of the Connecticut River Savings Bank, of Charleston, N. II., the sum of $2,000, giving as security for the payment thereof a mortgage on certain real estate situate in this state. This loan was made through one Benjamin A. Gibson of said county. At that time, and from thence uutil 1895, one George Olcott was the treasurer and manager of said bauik, also the trustee of the estate of Anna 0. Webber, deceased. After said loan was consummated, the note and mortgage were sold and transferred by said
In the foreclosure case it is alleged that there is no evidence to support the findings of the court, to the effect that at the time said, principal was paid by Weston to Gibson the latter was agent of Olcott to receive such payment; and further, that upon the receipt of such principal, it or its equivalent was paid by Gibson to Olcott. Without specifically pointing out such evidence, we would say that we are of opinion that there was evidence to support both such findings of the lower court, and the judgment will not for that reason be disturbed by this court. It is further argued that the findings are based upon the evidence of Gibson, introduced by Weston, and that the record shows that Gibson was incompetent as against Olcott, he having a direct legal interest in the action. Whether the ground for this objection exists or not, Gibson’s testimony was made competent through the action of the ad
The judgment of the lower court in favor of the personal representative of Weston against Bangs, who succeeded Olcott as .trustee of the Weber estate, so far as it awarded such personal representative a judgment for $100 against said Bangs for failure to release such mortgage, must be reversed, for the rason that there is no evidence to support the finding. All evidence is to. the effect that the demand was made by the attorney of Weston upon Eddy as agent of the bank, and not as the agent of Olcott; and the demand was that such bank release such mortgage, and that at such time Olcott, as trustee, was the owner of said mortgage. This being the case, no proper demand was made upon Olcott, as is required by section 29, chapter 73, Compiled Statutes, 1897, and such a demand is a condition precedent to a right of action. ' There is evidence of record to sustain a finding that at the time said demand was made upon Eddy he was not only the agent of the bank, but also of Olcott; but we do not think such fact is material, for the reason that the demand was not made upon Eddy as agent of Olcott, but upon him as the agent of the bank, and as the statute is highly penal in its nature, a strict compliance with its requirements must be exacted.
The judgment of the district court allowing Pollard, executor of Weston, a recovery against Bangs, trustee, for the statutory penalty of $100 for failure to release said mortgage, is reversed; but in all other respects, the decisions in both cases are
Affirmed.