47 Mo. App. 277 | Mo. Ct. App. | 1891
This was an action to recover a balance due on a promissory note, made by the defendant and payable- to the order of the International Bank of St. Louis, and by the bank indorsed “without recourse” and delivered to the plaintiff. The defense was that the defendant, being the business agent of Mrs. Lange, the mother of the plaintiff, and having incurred a liability as surety for her, had, with her consent, applied
The case was tried by the court sitting as a jury, and a finding and judgment were made in favor of the plaintiff for the amount due on the note. The evidence showed that Mrs. Lange, having revoked the power of attorney which she had previously given the defendant to attend to her business, and having appointed the plaintiff (her son ) in his stead, and she being in Germany and her son in St. Louis, and he having no money, nor any belonging to her, and being desirous of getting possession for her of her bonds, which the defendant had thus pledged to the International Bank as collateral security for this note, — the plaintiff borrowed the money of his employers wherewith to purchase the note of the bank, and did thus purchase with his own money and became the owner of it. All the testimony speaking on the point was expressly to the effect that he purchased it with his own money, and there was no evidence to the contrary, nothing but inference and surmise. When he purchased the note, the collaterals were delivered to him. The defendant was allowed to give evidence tending to show that Mrs. Lange was indebted to him for commissions and services .to an .amount in excess of the amount due on the note.
The defense seems strangely misconceived, and ■ we have no difficulty whatever in holding that the judgment must be affirmed. It is so ordered.