19 Ind. 160 | Ind. | 1862
Edward G. Bladen brought this action against i?uel Dobbins, William W. Allen, and Gabriel Bondurant, upon a promissory note.-
The complaint consists of two counts. 1. That, on the 1st of December, 1858, the defendants, by their note, promised one Henry E. Cowgill to pay him six months after date, two hundred and twenty-five dollars, and that Cowgill indorsed the note to the plaintiff, and the same is due, and ■remains unpaid, etc. 2. That, on the said 1st of December, Dobbins and Bondurant, two of the defendants, made a certain other note to Cowgill, whereby they promised to pay him the further sum of two hundred and twenty-five dollars, six months after date, and that, before the delivery of the note to Cowgill, and to induce him to accept the same, William W. Allen, the other defendant, indorsed the note as an original promissor, whereby the defendants became liable, and promised to pay Cowgill said last-mentioned sum, etc., and that he, Cowgill, indorsed the note to the plaintiff; but the same is due, and unpaid, etc., wherefore, etc. The note filed with the complaint, and the indorsements thereon, are as follows:
“ $225. Greencastle, Ind., December 1, 1858.
“ Six months after date, we promise to pay Henry E. Cow-gill, or order, two hundred and twenty-five dollars, value received.■' “Ruel Dobbins.
“ Gabriel Bondurant.”
Indorsed, “ William W. Allen.”
. Also indorsed, “I guarantee the payment of one hundred and eighty-nine dollars and eighteen cents, when this note becomes due, to Ed. G. Bladen, and I assign the same to him. - Henry E. Cowgill.”
There were replies in denial of the second and third paragraphs of the answer. Yerdict for the plaintiff. New trial refused, and judgment.
Upon the trial Henry IS. Cowgill, the payee of the note, was ifitroduced as a witness, and testified, substantially, as follows: “ "When the note was delivered to me, the names of Duel Dobbins and Gabriel Bondurant were signed to it, and the name of William W. Allen was indorsed on the back of it. Neither Dobbins, Bondurant, nor Allen was indebted to me, and no consideration passed between me and them, or either of them, other than this: I was security for Dobbins to the plaintiff, but I had not paid the security debt; the same was due, and I was liable for it, and expected to have to pay it. The note sued on was by me indorsed and delivered to the plaintiff’ in discharge, to the amount thereof, of said debt, and the plaintiff received the note in payment, to the amount of it, of such security debt. The amount of that debt was over five hundred dollars. The purpose for which the note was executed was to transfer and assign the same to the plaintiff, in part payment of tbe debt for which I was security. I was not present when either Allen or Bondurant signed the note, nor was either of them present when the note was delivered to me. The next day after it was delivered to me, I assigned it to the plaintiff.”
In view of this evidence, it is insisted that the note sued on is without consideration. We think otherwise. The purpose for which it was executed, and to which it was applied, operated as a benefit to Dobbins, in payment of his
The judgment is affirmed, with two per cent, damages and costs.