78 Mo. App. 346 | Mo. Ct. App. | 1899
This suit is on the following promissory note:
“$400.00. August 31st, 1893.
“Twelve months after date we promise to pay to the order of John Gardner Eour Hundred Dollars, for value received, negotiable, and payable without defalcation or discount, and with interest from date at the rate of eight per cent per annum, and if the interest be not paid annually to become as principal and bear the same rate of interest.
“No.........Due August 31st, 1884.
“Early & Young, '
“Mahlon Rohrer.”
On the bach of the note are the following indorsements:
“Eeb. 26, 1885.
“One year’s interest paid on note.
“Eeb., 1890, Or. for sawing.”
The petition averred the following payments, which were not indorsed on the note, to wit: November 1, 1894, Thos. Dyke’s account, $8.70; February,f 1895, J. M. Dyke’s account, $5.63; February, 1895, Charles Shelton’s account, $4.22.
The answer was a general denial and a plea of the ten year statute of limitations. Trial was had by the court, resulting in a judgment for plaintiffs, from which defendants appealed.
Evidence was introduced tending to prove that the indorsement of February, 1890, “Or. for sawing” was made with the knowledge "and consent of Early, the principal debtor, and that the accounts of Thomas and J. M. Dyke, and the one of Charles Shelton, were due to Early on account of sawing done by him for Shelton and Dykes; that by an arrangement between them and Gardner, the payee of the note, these several accounts were to be credited on the note; that Early on being informed of the arrangement assented to it, and never thereafter presented nor demanded payment of