38 Vt. 540 | Vt. | 1866
The mandate in this case directed that the orators be charged with interest on the $80,000, the amount of the injunction bond, from the time the case should reach the court of chancery. The question is, when did the case reach the court of chancery, the moment it was decided by the supreme court, or when the court of chancery made their decree in pursuance of the mandate, or at some intermediate time ? It is urged by the counsel for the defendants that it was when the supreme court decided the case, as the case was then no longer pending in the supreme court, and therefore must be in the court of chancery from that time. It is urged that from that time the court of chancery had power over the case -to make any necessary orders in the cause. But if the chancellor could, before the next regular term of the court of chancery, make interlocutory orders in the cause, it does not follow that the cause reached the court of chancery until the next term of that court. The mandate does not say when the mandate reaches the chancellor or the clerk, but when the cause reaches the court of chancery. There is a manifest difference between a chancellor and a court of chancery, the one has not all the powers of the other. The court of chancery by law has its regular appointed terms fixed by statute the same as a court of law. All bills in equity must be made returnable at the regular term of the court fixed by law. The chancellor can make necessary orders in vacation for furthering the cause, but cannot render a final decree in the cause. The cause reached the court of chancery within the meaning of the mandate, at the first regular term of the court of chancery, after the mandate was received by the clerk. That is the earliest time in practice when the court acts under the mandate. The reason the court did not allow interest from an earlier date, was that it was not decided how much the orators were bound to pay. The reason the court decided interest should be paid from the time the cause should reach the court of chancery, was that the decision and mandate settled definitely the amount to be paid, and if the cause should be delayed to ascertain the necessary facts to make the aportionment between the several defendants, the orators would pay the money into court. But by the court of chancery is
' The decree of the court of chancery is reversed and cause remanded with directions to modify the decree by computing interest on the $30,000, from the first day of the June Term, 1864, of the court of chancery, that being the first regular term of the court of chancery, after the decision of the supreme court was in fact made, the case having been held by the supreme court for consideration.