17 Mo. 479 | Mo. | 1853
delivered the opinion of the court.
The same considerations which lead us to the conclusion, that the road and canal fund was only to be resorted to, for the payment of the amount of the cost of the bridge, incline ns to the opinion, that the interest, as an incident, would share the fate of the principal. If the county court designed that the bridge should be built with thé road and canal fund, we see no reason why the interest, for the delay of payment, should be paid out of another fund. There is nothing in the contract which would any more warrant the payment of the interest out of the county treasury than the principal.
This conclusion has been arrived at after mature consideration of the question. We know that contracts for labor, that are to be paid out of the road and canal fund, unless it is already in the treasury, are undertaken at prices greatly above those at which they would be let if the satisfaction of them Was to be obtained out of the county treasury. Such contracts become a matter of speculation, and undertakers indemnify themselves by greatly increased prices. To permit them, when their ventures had resulted disastrously, to convert prices, obtained under such circumstances, into claims against the county treasury, would be great injustice. It would be allowing
The other judges concurring, the judgment will be reversed and the cause remanded.