73 Me. 140 | Me. | 1882
The first three objections raised to the maintenance of this action have already been disposed of by this court
It necessarily follows that even if the subscription paper be without consideration and insufficient of itself to support an action, a consideration outside may be averred and proved. It is too well settled in our state that the consideration for a written promise may be shown outside the written instrument to require any citation of authorities and if it can be proved under a general count, as in Farmington Academy v. Allen, certainly it can be in a special count like that in the case at bar.
But we are not prepared to admit that the subscription paper • in this case " is a bare, naked promise,” without any considera
In Amherst Academy v. Cowls, 6 Pick. 427, the cases before that decided, were examined, and in the opinion, on page 438, it is said, " On this review of the cases which have occurred within this commonwealth, analogous in any degree to the case before us, we do not find that it has ever been decided, that when there are proper parties to the contract, and the promisee is capable of carrying into effect the purpose for which the promise is made, and in fact amenable to law for negligence or abuse of his trust, such a contract is void for want of consideration.” Still later in Ladies' Collegiate Institute v. French et als. 16 Gray, 196, a case similar to this, after referring to several cases, Chapman, J., on page 201, says, "It is held that by accepting such a subscription, the promisee, on his part, agrees with the subscribers, that he will hold and appropriate the funds subscribed in conformity with the terms and objects of the subscription, and thus mutual and independent promises are made, which constitute a legal and sufficient consideration for each other. They are held to rest upon a well settled principle in respect to concurrent promisees.” The same in principle is Athol Music Hall Company v. Carey, 116 Mass. 471. A similar principle and one applicable to the
In, our own State these principles have become well settled law. True, in Foxcroft Academy v. Favor, 4 Green. 382, the action failed because it did "not appear that any monies have been expended by the trustees, or that any part of the subscription was ever paid, or offered to be paid.” But in a later and more carefully considered case, Parsonage Fund in Fryeburg v. Ripley, 6 Green. 442, it was held that the acceptance of a similar promise was an engagement on the part of the trustees to perform the conditions and was a sufficient consideration for the promise. In the recent case of Carr v. Bartlett, 72 Maine, 120, the facts did not require any decision as to the effect of a mere acceptance, but it was held that a subscription without consideration in the first •instance, and revocable until it became a completed contract, became such and was binding when the associates had "paid their subscriptions, made purchases, and entered into contracts necessary for the consummation of the common enterprise.” In this latter case, the "common enterprise” was of a different kind from that in the case at bar, therefore the consideration differed in kind.- Nevertheless each is a good consideration and equally recognized as such by the law.
That the subscription in the case before us, comes within these well settled principles, is evident. That it has been accepted is free from doubt; that the building therein contemplated has been erected is also certain ; that it was erected by the trustees relying upon, and in conformity with the provision in the subscription paper,- would seem to be sufficiently evident. The subscriptions were obtained for that purpose, a part of them were paid to the trustees, the building was erected with so far as appears, nothing to rely upon except these subscriptions and such others as might be obtained.
Upon the question of payment the burden of proof rests upon the defendants. After a careful examination of the evidence with the light afforded by the able and elaborate argument of counsel, we fail to see sufficient to satisfy us that the amount or any part of the subscription has been paid.
It is true that the treasurer’s accounts show a large amount of money paid for building purposes in 1868 and 1869, and it may be true that Mr. Hathorn was " able, walling and desirous” of paying his subscription before it became payable by its terms. But of this we find no evidence in the case. But we do find in the same treasurer’s account where the money was obtained to pay this large amount, and none of it appears to have come from this subscription.
It also appears from the records, that Mr. Hathorn had bills of considerable amount, for labor and materials furnished for the building upon which this subscription might have been allowed. But it was not then payable, and the same records show how these bills were paid, and no such allowance appears.
»It may be singular that this subscription does not appear among the assets in the reports of the different treasurers. But the same is true of other subscriptions upon the same paper, particularly those of Yickery and Atkinson which were assets at the time the reports were made, and were paid a long time afterwards. It further appears that the alleged report of the first treasurer, the omission from which is so much relied upon, is a paper found in
By the terms of the subscription, the amount was payable in six years from its date. From that time it would be on interest. Interest is an incident of the debt, and must stand or fall with it. A sufficient demand upon the executors for the debt as required, is admitted to have been made. This carries with it all the incidents. As the debt is recoverable, so must the interest be also.
Judgment for the plaintiffs for ‡1000, and interest from August 28, 1873.