23 Iowa 380 | Iowa | 1867
So that practically, the material questions remaining, relate to the state of the accounts between the parties.
And first we notice the errors insisted upon by the counsel for the Munsons and Sellew. The first two points in their printed argument relate to the alleged partnership. This question is disposed of by what is above said on that subject.
This would justify an allowance of interest on money furnished or advanced by Sears, made beyond his proportion.
The referee did not compound interest; but pursued the course which, assuming interest to be chargeable, was the proper one. Where the rents and profits received by Sears were sufficient to pay the interest on his advances, they were first applied to extinguish the interest; when not sufficient for this purpose, the balance of interest
But here the circumstances are peculiar. Sears came to Iowa, especially at the request of Munson, to superintend the building and management of the mill. S. B. Munson remained behind devoting his time to his own business. Harvey came, and died soon .after. S. B. Munson says he thought Harvey’s services would set oif Sears’, and that he would arrange with Harvey for his (S. B.’s) share. But Harvey died, and Sears still continued his services, and we find in the evidence sufficient to satisfy us that there was a definite wndersiandi/ng or agreement that Sears should be paid.
The law would fix the amount at what is reasonable. In considering all the circumstances of this case we think the amount allowed Sears by the referee is too large by the sum of $561.93. The point made, that after the death of Harvey, Sears could not go on and complete the improvements commenced under the contract of November 13, 1847, seems to have been ruled against the defendants on the former appeal. At all events the heirs of Harvey take under that contract just as it reads. The improvements were commenced when Harvey was alive, and completed after his death, but in pursuance of the contract and plan. Under the circumstances of this case, which we need not stop to detail more at length, it would be inequitable to disallow Sears for advances made to complete the mill, and to carry out the contract and execute the intention of the parties.
Ns to Sears’ appeal. We are satisfied with the estimate of the referee as to the cost of the mill property and with his action in disallowing the $462.15, of which complaint is made.
Sears, claiming compensation for his services, and being allowed therefor, is, in our opinion, justly charged by the referee with the income and profits of the property, both when he used and operated the mill and property himself, and when he rented it to others. In disposing of the numerous questions in this cause, as it might seem, somewhat briefly, we wish to observe that an. attentive examination of the record has abundantly satisfied us of the minute, patient and conscientious care and ability with which the cause was investigated by the referee, and of the general equity, fairness and good judgment which characterize his findings. It is useless, therefore, to dwell more at length than we have done, upon the items of the accounts of the respective parties.
With the deduction of $561.93, before alluded to, from the sum found by the referee, $2,335.70, there is due Sears, the sum of $1,773.77. With this modification the decree below is affirmed. Costs of appeal, including allowance to a referee appointed by this court, will be paid by Sears.
Modified and affirmed.