95 Tenn. 53 | Tenn. | 1895
Suit is brought to recover from defendants, as executors of M. Burke, on two notes, each for $3,500, made December 3, 1890, and due, respectively, in one and two years. The notes were signed by It. H. Baker and W. G. Baker, were payable to complainant company, and indorsed by R. B. Parrott and M. Burke. M. Burke has died and defendants, Edwards & White, are his executors.
Upon the hearing, the Chancellor gave judgment for the amount of the two notes against the defendants, as executors, and they have appealed, and assigned errors.
We think it only necessary to pass upon the questions raised by the assignment, without disposing of them seriatim. It is insisted that M. .Burke’s liability on this note is that of an indorser, or, at most, a guarantor, and that there can be no recovery from him without proof of demand, protest, and notice. It appears from the proof that R. H. and W. G. Baker were stepsons of M. Burke, in whom he took a deep interest. Parrott was the general agent of complainant company, and the Bakers were the agents of the company in California, and under the supervision of Parrott.
It also appears that the Bakers, in the conduct of the business of the company in California, had become indebted to the company in something over
Without going into a lengthy discussion of the facts of the case, we think the evidence satisfactorily shows : That the Bakers had gotten behind with the company in the management of its affairs in California, and were indebted to the company in something-over $8,000. Parrott, the general manager of the company was liable to make good this deficit to the company, in the event it was 'not done by the Bakers. Burke, the stepfather, was interested in the welfare of the Bakers. Notes were prepared for $7,000 to compromise and settle the deficit, and they were executed by the Bakers and handed to Parrott, who returned them to the Bakers to have them get the
It is said,, however, that there was an agreement to compound a felon}" in consideration of this in-dorsement, and hence it was illegal and void. The evidence on which this claim is based is, mainly, certain letters and telegrams from Parrott to Burke urging the indorsement of the notes in order to co vet-up the deficit and close the account. We have examined all these communications, and find in them no threat to prosecute the Bakers, and no agreement
It should be borne in mind that the controversy in this case is between the complainant company and M. Burke alone. What may be the equities as between Parrott and Burke and the Bakers we need not inquire. 'The company cannot be affected by any of these equities, nor by any acts of Parrott in effecting this settlement, or any facts of which he may have been cognizant. It is true that, as to the public, he was the general agent of the company, and, as to the public, the company would be affected by the notice which Parrott may have had, and by his acts in relation to their business. But in the matter of this settlement the company dealt at arm’s length with the Bakers and Parrott, and as independent individuals, and not with the public through them, as agents, and Burke stands as surety for the Bakers, and co-makers with them and Parrott, as to
Affirm the decree of the Court below, with costs.
At a day of the same term of the Court at which this opinion was delivered, complainant made application to correct or remodel the decree of the Court below, so that it shall direct principal and interest of the amount recovered to be paid only in United States gold coin, according to stipulations in the instruments sued on and made part of the record. It is true the instruments sued on do so provide upon their face, but this feature was not referred to in the bill filed, and no claim was made that the judgment should be so shaped, and it does not so provide. No exception was taken by complainant ■ to the judgment as rendered in- the Court below, and there was no appeal or other proceeding in error by complainant, and upon the hearing in this Court no contention for such judgment was made.
The application to this Court is made under §§ 3588-9 of the statutes (M. & Y. Code) which provide for the correction of clerical errors, mistakes in calculation of interest, and other mistakes and omissions apparent from the face of the record.
We do not think this application falls within the provisions of these statutes, but the application presents anil involves questions which the defendant had a right to litigate and contest. The application to