26 Gratt. 729 | Va. | 1875
delivered the opinion of the court.
Appellant’s bond for $3,486.79J, executed to A. L. Nelson and William J. Nelson, commissioners, bearing date February 29, 1860, fell due the 1st of April 1863. It was executed for the last instalment on a tract of land which was sold to appellant on the 29th of February 1859, under a decree of the Circuit court of Augusta county, in the cause of Nelson’s guardian, against Nelson’s infants, and which was confirmed at the June term 1859. The appellant paid $2,000 on this bond on the 10th of April 1863. And, in the month of June following, presented a petition to the Hon. Lucas P. Thompson, judge of the said Circuit court, in which he alleges that he is prepared to comply with the contract on his part by paying up the whole purchase money due on said land, there being about $1,500 due yet, but the commissioners positively refused to receive the money, but require him to keep it unproductive in his hands, and to account for the interest which he alleges is in contravention of the contract and the decree, and grievously unjust to him;
Certainly the debtor had a right to pay his debt after it was due, and it being a debt contracted with commissioners of the court, and payable to them, they were under the control of the court, and if they refused to receive payment, in compliance with the contract, the court had power to compel them to receive payment, or to order the money to be deposited with the general receiver to the credit of the cause; and upon a certificate of the deposit being filed with the papers in the cause, to order that the commissioner, who was appointed for the purpose, should make a deed of conveyance to the purchaser; and such was the orderjnade by the court.
In execution of said order, the appellant tendered the balance due in Confederate treasury notes, which the commissioners refused to receive. He then deposited them with the bank, as the general receiver of the court, which gave him a certificate to the effect that he had deposited $1,520 in the treasury notes of the Confederate States to the credit of said cause, which would be invested by the bank in 7 per cent. bonds of the Confederate States; and stating that the bank had given the certificate in that form, “ because of a notice served upon the bank by John B. Baldwin, Esq., counsel for R. R. Nelson, &c., (filed with the papers in the cause,) forbidding the receipt of Confederate treasury notes, and is intended to charge the bank only with the payment of Confederate States treasury notes, or the Confederate bonds, in which they may be invested.” The said treasury notes were then depreciated to nine for one in gold.
Confederate treasury notes were never made a legal tender in payment of debts; and it was not in the power of the courts, as that eminent judge was well aware, to authorize a debtor to pay off a specie debt, or to compel a creditor to receive payment, against his will, of a specie debt, contracted before the war, in a depreciated Confederate currency, worth only when first tendered five and a half, and when deposited with the receiver only nine, for one in gold. The petition of the debtor does not ask that he may be allowed to make payment in that depreciated currency. He makes no offer in his petition to pay in Confederate treasui’y notes, or any allusion to that currency; but says he is prepared to comply with his contract by paying up the whole of the purchase money due upon said land. It was a contract in effect to pay in specie, and a preparation to pay in that depreciated currency was surely not a preparation to comply with his contract. What he asks for in his petition he was entitled to. And the decree awards it to him. But it does not authorize him to make the payment or tender payment in the depreciated currency then prevailing, which the obligees had positively refused to receive, and which
Decree arrirmed.