2 Ala. 555 | Ala. | 1841
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The testimony of the subscribing witness to the bill of sale, is clear and distinct that it was intended and represented as a mortgage, though absolute in its terms. The mortgagor, doubtless, was ignorant of the rules by which Courts of equity control contracts of this description; and considered himself entitled to hold the slave as his own after .the default. The fact that it was a mortgage, is also shown from the declaration made by the defendant’s testator when the money was tendered. For it was then refused solely on the ground that it had not been paid at the day appointed; and, therefore, it was not accepted and the slave delivered. ’ The testimony of the sole witness examined on the part of the defendant, does not outweigh, or indeed weaken, that given by the other witnesses ;
The distinction between a mere pledge and a mortgage of personal chattels, is ,one frequently stated in the books, and seems to be perfectly well settled. A pledge is, when a thing is deposited as a security to be returned to the pledgor when he has redeemed it. In this the title is retained, although the possession is parted with. In a mortgage, the title is conveyed, subject to be divested if the condition of the mortgage is performed. (Cortilyou v. Lansing, 2 Caine’s Cases in Error 200; Jones v. Smith, 2 Vesey.
The same rule applies to the possession of real estate; and it has been repeatedly held, that the holder of a mere equitable title cannot sustain a bill when his right of entry would
The action of trover has no analogy to such a suit in equity; because the recovery is in damages merely, and interest on the value of the chattel when converted, is given from the time of the conversón in lieu of profits. So, also, the recovery in tro-ver is nothing more than a debt against the personal assets of a deceased convertor ; but in a bill in equity, the specific chattel may be pursued and recovered from the estate, whether insolvent or otherwise; and the account only would be a general charge on the estate.
So far as the analogy of the statute of limitations can have any bearing on this case, it may be considered precisely as if the action was detinue in a Court of law. Such an action certainly could not be sustained against an executor or administrator as such, although the possession might be cast on him in his representative capacity. It is unnecessary to consider whether such an action is abated by the death of the defendant, or whether it would in such a case survive against the present representative. The action of trover is one which survives by statute. (Aikin’s Digest 259 s. 2.)
The question then arises, does the complainant shew on the face of his bill, that he had no subsisting title when he commenced this suit ?
The bill is deficient in setting out the dates of many important facts; and only shews when the mortgage was executed. This was the 29th June, 1829; but neither the period fixed by the contract for the repayment of the money loaned, nor the time when the actual possession of the slave was acquired by the defendant’s testator, is stated, According to the rules of strict pleading, it was incumbent on the complainant to have been precise in his allegations with respect to each of these particulars. The first was necessary to.enable the Court to determine when the mortgage became absolute in consequence of the non-payment; and the last, in order to properly state the account, as the defendant would be liable for the services of
In the present case, so long as the mortgagor continued in possession of the slave, the statute did not begin to run, but must have effect only from the time when possession was acquired by the mortgagee; .for, until this period, the existence of the mortgage, as such, must be considered as admitted by the mortgagee. The bill was filed in the office of the Clerk on the 3rd March, 1836 ; but if this is admitted to be the period when' the suit must be considered as having a legal inception, a point not now necessary to be determined, then more than six years have elapsed during which the defendant and his testator have had the adverse possession of the slave, claiming to hold it free from any condition.
Under these circumstances, if the title of the complainant to the slave had been legal, instead of equitable only, it would have been extinguished by lapse of time, and that of the defendant become complete by mere force of the adverse possession.
In the case of Humphries v. Terrell, before cited, we decided that Courts of equity govern their decisions by by analogies
Our conclusion is, that the Chancellor’s decree is free from error, and must be affirmed.