183 Iowa 319 | Iowa | 1917
Lead Opinion
“7. The county attorney may, at any time before or during the trial of defendant upon indictment, amend the indictment so as to correct errors or omissions therein as to matters of form, or to correct errors in the name of any person or in the description of any person or thing, or in the allegations concerning the ownership of property that may be described in the indictment; but such amendment shall not prejudice the substantial rights of the defendant, of charge him with a different crime or different degree of crime from that .¡charged in the original indictment returned by the grand jury;
“8. A notice of the time the' State will ask permission to file such amendment, together Avith a copy of such amendment, shall be served upon the defendant or his attorney and an opportunity be given the defendant to resist the filing of such amendment. No continuance or delay in trial shall be granted because of such amendment, except upon the defendant’s application, it appearing to the court that defendant should have additional time to prepare for trial because of the new allegations contained in the indictment.”
(b) The amendment changed the amount in both the certificate surrendered and that issued in lieu thereof. This was merely a correction of the description of these certificates. These were things described in the indictment, and the statute expressly authorizes correction of any error in the description of any “thing.” The application to correct the description indicated that the amendment would relate to the same instrument, as the indictment, and both, in fact, related to the same certificates. The corrections were permissible.
6‘ banking1nd fraudulent banking: “renewals.” “No bank, banking house, ® deposit office, firm, * * * or person engaged in the banking * * or deposit business, shall, when insolvent, accept or receive on deposit, with or without interest, * * * United States treasury notes or currency •* * or renew any certificate of deposit.”
Code Section 1885 fixes the penalty. The charge is that defendant, in behalf of the copartnership, when insolvent, renewed a certificate of deposit; and it is argued that neither the indictment alleged nor the evidence proved the commission of such offense. This is on the theory that the issuance of a new certificate of deposit for the amount of a former certificate, including interest, upon the surrender of the former certificate, ivas not a renewal thereof, but an extension. Such is not the meaning ordinarily accorded to “renewal,” when applied to such certificate or a promissory note. Anderson’s Dictionary of Law defines “renewal” as the “substitution of a new right or obligation for another of the same nature,” and says further that it “is not a word of art;. it has no legal or technical signification.” Bouvier defines it to be “A change of something old for something new.” See Sponhaur v. Malloy, 21 Ind. App. 287 (52 N. E. 245), where a note given in taking up another was held to be a renewal; Kollock v. Scribner, 98 Wis. 104 (73 N. W. 776), where, in discussing what was required in the renewal of a lease, the court, speaking through Marshall, J., says:
“There is much respectable authority to the effect that the words ‘renew’ and ‘extend’ should be construed in accordance with their ordinary meaning. Obviously, one means to prolong, or to lengthen out; the other, to make over, to re-establish, or to rebuild; and those courts and writers that have construed them accordingly certainly have the best of the argument, if the judicial construction is to follow the true definitions of the words. We apprehend*335 that no one would seriously contend that an agreement to renew a note would be .satisfied otherwise than by making a new note in place of the old one. It would seem that the construction adhered to in some jurisdictions, that to renew is equivalent to extend, violates the rules of language to reach a judicial construction out of harmony with the universally accepted meaning of the words, as defined by lexicographers. That was discussed in Orton v. Noonan, 27 Wis. 272, where the renewal covenant used the words ‘extend the lease.’ A careful reading of the two opinions filed in that case, one by Dixon, C. J., and one by Mr. Justice Cole, leaves no room for controversy but that, while they differed as to the meaning of the term ‘to extend,’ as applied to the lease then under consideration, they both held that an agreement to renew a lease called for a. new one. Said the chief justice: ‘The verb “to extend” implies far less than the verb “to renew.” The one means to draw forth, to stretch, to prolong, to protract, to continue; the other, to make over, to make anew, to give new life to, to restore, re-create or rebuild.’ ”
See also Gault v. McGrath, 32 Pa. (8 Casey) 392, 397; Carter v. Brooklyn Life Ins. Co., 110 N. Y. 15 (17 N. E. 396); Kedey v. Petty, 153 Ind. 179 (54 N. E. 798). We entertain no doxibt that, in issuing the last certificate of deposit, defendant did renew the first certificate, in violation of the statute quoted.
VI. The evidence was such that the firm, as such, might have been found insolvent; but appellant says, in argument, that the individual members of the firm were not so shown, and that this was essential. Neither of these matters is involved in any of the errors assigned and said by appellant to be Those relied on, nor is it covered by the.brief points. Doubtless this accounts for no attention’s being given to the subject by the State in its brief, for the rules exact that no point or proposition' not found in the brief points shall be considered. Moreover, what is said is under the heading assailing the indictment, and seems to be in criticism of the failure of the amendment to allege ,^0 were members of the firm. Moreover, the point was not raised in the district court, s'ave in the general assertion of the insufficiency of the evidence to sustain the verdict, and, not having been presented here as exacted, ordinarily would not be considered. That the point is not well taken probably accounts for its not being raised by appellant. Section 1884 of the Code, heretofore quoted,
In Ellis v. State, 138 Wis. 513 (119 N. W. 1110, 20 L. R. A. [N. S.] 444), the above definition, as found in State .v. Gadwell, supra, is criticised, and a bank is said tó be insolvent “when the fair cash value of its assets, realizable within a reasonable time, in case of liquidation by the proprietors, as ordinarily prudent persons would ordinarily close up their business, is not equivalent to its liabilities, exclusive of stock liabilities.” The reasoning of the opinion seems to treat the banker as merely a debtor of the depositor, overlooking the implied representation to depositors, upon receiving deposits, that these may be withdrawn at any time, and the deceit involved in receiving money under these circumstances, with knowledge that it will be impossible to pay back the same in the ordinary course of business. Such an act is a palpable fraud, and the design of the statute is to punish anyone participating in the perpetration thereof. This view seems to have been entertained in State v. Myers, 54 Kan. 206. See also State v. Darrah, 152
And such residence may be other than that of either partner. A judgment against a partnership, as such, is not a judgment against an individual member thereof. Anderson v. Wilson, 142 Iowa 158. ,Nor is it a lien on his property. Weaver v. Carpenter, 42 Iowa 343. At page 422 of 30 Cyc., the law is thus stated:
“While it has been stated broadly that a partnership*340 is but a relation, and is not a legal being, distinct from the members who compose it, still the law does take note, on a wide scale, of partnership as a legal entity, and regards it as a unit of rights and obligations, and there is a general tendency at this day to complete the recognition of a partnership as a body of itself, with its own means appointed to its own debts.”
The authorities cited sustain the text. The statute itself, Section 1884, Code, plainly segregates the partnership as a unit, as distinguished from individuals. If a legal entity, such as may sue and be sued, have a residence, and own property, to the exclusion of creditors of the members composing the firm until its own obligations are met, manifestly it may be insolvent, irrespective of whether its members are solvent or not. This rule prevailed in Ransom v. Wardlaw & Co., 99 Ga. 540 (27 S. E. 158), where a partner tendered evidence that he was solvent and amply able to pay his own debts and those of the partnership against which there was a creditor’s petition, alleging its insolvency; and the rejection of such evidence by the trial court was approved, and the court, after noticing the insistence “that a firm is not insolvent as long as either of its members is solvent, and that no creditor’s petition will lie unless the firm is insolvent by reason of the insolvency of its members,” ruled that “the court did not err in refusing to admit such evidence. Although the partners, as individuals, may be perfectly solvent, this firm as such, may be insolvent.” Drucker & Bro. v. Wellhouse & Sons, 82 Ga. 135 (2 L. R. A. 328), was followed. A like holding will be found in Menagh v. Whitwell, 52 N. Y. 146 (11 Am. R. 683).
To establish the insolvency of Kiefer Brothers Banking Company, then, it was not necessary to prove the insolvency of its individual members. We are not saying that evidence of the financial condition of the several partners individually, and of the information of the accused with
Dissenting Opinion
(dissenting). I. The statute, Paragraphs 7 and 8 of Section 5289, Code Supplement, 1913, permits amendment “as to matters of form * * * in the name of any person or in the description of any person or thing, or in the allegations concerning the ownership * *” But it still prohibits charging “a different crime or different degree of crime.” Without this statute permission, no change could be made. It follows none but such as are expressly permitted can be made. The amendment here changes the allegation of the original that Adam Kiefer, W. H. Kiefer, and John Kiefer committed the crime charged, to one that Adam Kiefer alone did. The statute does not authorize such changes. It is no answer that such change was not authorized by statute nor by the court, and is, therefore, surplusage. This reasoning would make it immaterial that the act was unauthorized. Indeed, under it, the more the change lacked authority, the less effective would complaint of the change be. As to lack of permission by the court, it suffices to say that the State was permitted to try defendant on the changed indictment.
II. The statute intends to punish, and the indictment charges, fraudulent banking. It is proved that whatever
It is no answer that the statute contemplates prompt payment of the depositor, and that recourse to solvent partners might mean delay. A solvent partnership might delay
III. While it is not done scientifically, the point is raised. It is assigned to be error to overrule defendant’s motion for a directed verdict, his motion for a new trial, and his motion in arrest of judgment. The motion to direct verdict asserts there is insufficient competent evidence to warrant conviction; that the record as a whole is insufficient to base conviction; and that, if verdict of guilty be rendered, the court would be compelled to set same aside, as without support in the competent evidence. The motion
For the reasons stated, it is my opinion that the judgment of conviction should be set aside, and the case remanded for a new trial.