Two separate cases are governed by the same principle. In both of them the bank was the plaintiff-below. In one the suit was against Farrar as maker and Jones as indorser; in the other the suit w;as against Jones alone as maker. In each of them the court directed a verdict for the plaintiff. On the undisputed facts this direction would have been correct if the sealed notes declared upon and the indorsements thereon had been Georgia contracts, for in that event they would have been negotiable, and the plaintiff" being a bona fide holder for value and acquiring title before maturity and without notice, would have been protected., The trial court, on the facts in evidence, held and decided that they were Georgia contracts, and this decision was probably, erroneous. But the error was harmless, for, treating them as Alabama contracts, the plaintiff" had an equitable, if not also a legal, right to recover, although by the law of Alabama such notes are not negotiable as
The note made by Farrar and indorsed by Jones purports on its face to have been, executed at Sheffield, Ala. It matured four months after its date, and was payable to Jones or order, who indorsed it in blank. Both maker and indorser affixed their signatures in Georgia, and the instrument was sent by them, or one of them, through the mail to one Woodson, who .resided at Sheffield, Ala. This was done at Woodson’s request, and it is admitted that the instrument was an accommodation paper relatively to both the maker and indorser, and thus the doctrine that a seal imports consideration is not involved. The irresistible inference is that Woodson was the person to be accommodated. He added his indorsement. There is no suggestion that he did not receive value. As it is admitted that the plaintiff below paid value, Wood-son’s indorsement is sufficient evidence that the payment was made to him. The case, then, stands thus: Maker and indorser, intending to accommodate Woodson, who was not a party to the note, put it in his hands that he might use it to obtain money upon it for himself, •or possibly, for a bank of which he was the president. The consideration which the maker and indorser contemplated was thus realized by the act of the person for whose accommodation they lent their credit. What •other consideration does any accommodation contract need? Indeed, what other could it have and still retain its character as an accommodation paper? It cannot be true that by the laws of Alabama, or any other State, a ■consideration moving directly to the accommodation maker or indorser is necessary to render accommodation instruments obligatory. While in the hands of Woodson,
We rest the case on principle and on the uniform procedure act just cited. In the argument cases were read from other States, which, if taken to mean what it was contended they did mean, we think are contrary to sound principle, and we therefore decline to follow them. It seems to us a plain proposition that when accommodation parties get for and through another the exact consideration which they contemplate, it is the same as 'if they received it themselves. The pleas in the record set up no defence except the want of consideration, and yet, while declaring the instrument to be an accommodation paper, they do not deny that the accommodation was extended by the plaintiff' and realized by the person intended to be accommodated. If it be true that nothing but strictly commercial paper negotiable by the law
What has been said is enough to rule all substantial questions, whether on the admissibility of evidence or anything else, presented in the record. With the excluded evidence in or out, the result would be the same. We have met the plaintiffs in error on their own ground by treating the note as an Alabama contract and as noilnegotiable. There is no cause for a new trial.
Judgment affirmed.