48 Tenn. 486 | Tenn. | 1870
delivered the opinion of the Court.
There is no error in the decree of the Chancellor. On the 4th day of March, 1861, the following contract was entered into:
“Article of Agreement. I, William A. Stover, have this day bargained and agreed with a board of directors, to build a bridge across Rolachucky River, near James Johnson’s and James Allen’s, to be called, The Johnson and Allen Bridge. The said William A. Stover binds himself, in the penal sum of eleven thousand dollars, to build a bridge at the above named place, equal to a bridge known and called by the name of the Earnest-ville bridge, in Greene county, Tennessee; to do the work, in every and all respects, equal to the Earnest-ville bridge.”
The contract then sets out the specifications of the bridge, and proceeds: The above bridge to be completed against the first day of October, 1861, unless providential accidents should intervene; then, in that case, a reasonable time for said completion of the bridge. We, the said board of directors, bind ourselves to the said William A. Stover, to pay him for the above bridge building according to the following programme, viz: Five hundred dollars at the commencement of the said bridge; five hundred dollars when the masonry is half done; one thousand dollars when the masonry is completed; five hundred dollars when the main timbers are on the ground; five hundred dollars when the bridge is
“ Signed, sealed and delivered in the presence of us, this -4th day of March, 1861.
“ Wm. A. Stover, [l. s.]
“Wm. Girdster, Chairman, [l. s.]”
Under the above contract the work of building the bridge commenced, but after progressing to a considerable extent, and before its completion, a flood came and washed it away. The builders re-commenced, and completed nearly all the work, excepting, perhaps, a part of the floor. The contractor, Wm. A Stover, with his partner, subsequently taken, files this bill to recover not only the sums stipulated in the contract, but also
In this clause, we see, not inferentially, but with positive certainty, the contractor securing himself against inevitable accident, and inserting a condition protecting' himself from loss, by liability on his covenant, for a failure to complete the work in the time fixed, if such inevitable accident shall overtake* - him in his work. Having an eye, then, to .this probability, 'and understanding, as he did, -the danger to the work, and', fully- appreciating the character of that" danger, we conclude, undoubtingly, that he not. .only fortified himself in the time for the completion - of the work as prescribed in' the conditional clause, but that he also made his prices in view of the chances for such accident as did befall him.
If this interpretation of the instrument needs support, we find it in the terms of payment. By them, fifty-five hundred dollars are to be paid for the work, payments to be made at intervals, with the striking
We affirm his decree, and remand the cause for its execution.