22 Wend. 549 | Court for the Trial of Impeachments and Correction of Errors | 1839
After advisement, the following opinion was delivered :—
I entirely concur in the chancellor’s general conclusion. Independent of the more technical inquiry, whether the proofs sustain the title insisted on by the bill, or, indeed, make out any title whatever in the appellants, the bill was properly dismissed, as to Akin, on the merits. Each purchaser was treated from the beginning as the sole principal debtor for the share of the lands which fell to him on partition and the mortgages, so far as they respected the other shares, were a mere secuity. Akin, therefore, stood on the mortgages as a surety for the debts of Goodman and Dickinson. As to the latter indivdual, Akin was most clearly discharged by the substitution of Jones’ security, and the delivering up of Dickinson’s bonds to be cancel-led J and the trustees, with their assignee Boudinott, had tampered so much with the bonds of Goodman, that I think We ought to hesitate long before we hold that Akin’s land should be charged for his debt.
But aside from these and various other considerations in the case, it is I think clear, that the release of Bayard should, under the circumstances, be allowed its full operation both as to him and his co-trustee. Certainly this would not have been so, had its operation depended entirely on the hand and seal of Bayard, Technically, all the trustees must join in releasing a securityand I think that in legal effect they have joined in executing the release to Akin. That paper was originally drawn for both to execute; Mr. Van Rensselaer’s name was inserted in the body; and in addition to the name and seal of Bayard a space was left for the name of Mr. Van Rensselaer with a seal affixed. So long as Mr. Van Rensselaer kept the control of the mortgages in his own hands, he withheld his assent, and refused to execute. But by joining Bayard in an absolute assignment of the mortgages to Boudinott, he parted with
I have said so much, with the view, among other things, to prevent the supposition that I mean to rely on the omissions in the bill filed by Boudinot, as evidence against him when taken by themselves. I am noticing the line of condu'ct which he pursued in his foreclosure cause, in which I do claim that we have a right to look at the omissions as one circumstance in connection with others. Authorities were cited on the argument to show that the proceedings in that cause cannot be received under the notion-of transit in rem judicatam. That I do not mean to deny, although I do not think the chancellor at all extravagant in suggesting the contrary. If a man holding an entire lien in his hands will split or cut it down, by foreclosing as to a part only, he should be barred for the whole. I will not stop to inquire whether that objection appliesfor it is perfectly well settled, that judicial proceedings may be given in evidence like any thing else, as circumstances from which to infer a given consequence, without that concurrence as to identity of parties and subject matter which works a technical bar. The general principle was, I think, involved in Peters v. Anderson, 5 Taunt. 596, where the record in one suit against the defendant was received as a circumstance to show that the plaintiff had appropriated certain payments made by the defendant to another demand against him. The inference was derived from the fact, that in the course of the proceedings given in evidence, and which had been referred, he had omitted5 to- credit the payment. A man is entitled-to revoke a deed of property, and a judgment in a suit brought by him may be evidence, inter alios, as an expression of his intention to revoke. Dismukes v. Musgrove, 8 Mart. Lou. R. (N. S.) 375; and see Witmer v. Schlatter, 2 Rawle’s R. 359, 366, per Huston, J.; Leeds v. Leeds, 12. Conn. R. 176, 179, 180, A- prisoner escapes from execution, both while he is in the custody of the old and the new sheriff; the plaintiff may elect which sheriff he will sue;
I do not forget that the force of this reasoning was sought to be broken by several considerations. One was, that Boudinot was a mere pledgee, having but a limited authority—r-not authority which would enable him to validate the release; another, that the whole transaction with him was usurious and void. Several answers might be given to these and the like objections raised in the course of the argument, but the one already-in part noticed is sufficient for all. The appellants, by claiming under and taking title
But there is another feature in this case which ought not •to-be passed without notice. After the assignment to Boudinot and his foreclosure and sale, we find the cestuis que ,trust, these very appellants, filing their bill against Bayard and Stephen Van Rensselaer, in which they charged Bay•ard alone, not Van Rensselaer, with having improvidently released land from the lien of the mortgages in question; ;and they pursued him- and compelled him to account on that assumption. The same proceedings also recognize the assignment to Boudinot as a valid one. But, what is more material, looking at the course of that suit, I think it acknowledges a general agency in Bayard to execute releases in respect to the Greenbush property. At least it manifests an election by these appellants to consider such releases as valid, and charge Bayard with the .consequent Joss, instead of disavowing his authority, and enforcing the mortgage or mortgages on the land released. Of such general agency or election, Akin has a right to avail himself; and I think that, on the principle established by the cases already cited, he may invoke the chancery suit of the appellants as evidence against them, although he was not a party to that suit. I do not mean to say that the bill was evidence in the same sense that we receive an answer, even if it had
The decree was unanimously affirmed.