It seems to us clear that the direction of the judge was right, and that, under the circumstances stated, the plaintiff was not entitled to recover his lay, against his balance order or assignment, given to Seabury at the commencement of his voyage. This was an instrument known, as the counsel for the plaintiff say, to the whale fishery. It purports to be given for “ value received,” attested by a witness, and addressed to the managing agent, and, in this instance, we believe, and perhaps usually, one of the owners, and delivered to the party in whose favor it is drawn. It is probably not accepted, because at the commencement of the voyage there is nothing due, and perhaps nothing may ever become due. Indeed; strictly, by the usual terms of a whaling voyage, the lay, after the deduction from it of the advances made by the owners to the seamen on the voyage, is payable in oil, or other products of the voyage; though, by usage, it is most commonly converted into money by a sale, made by consent of those concerned, or by a satisfactory estimate, and the balance is actually paid in money.
We are, then, to inquire what is the legal character of such an instrument. It is not a promissory note negotiable or otherwise, and therefore the authorities in regard to want of consideration do not apply to it. It is certainly an authority to receive the seaman’s lay, whether in money or oil. Perhaps the seaman, before anything has been advanced on the credit of it, by way of outfit or otherwise, might revoke it, and give notice thereof to the owners; and, it being still a naked authority, he might defeat it. But if, at the time of giving the order, the holder had advanced him anything, or became responsible to pay or do anything for him, in his at>
That this order was given as security for advances made or to be made by Seabury, in the seaman’s absence, seems to be put beyond doubt by the evidence. The order was for the whole lay, and for value received. After Tripp returned, having been discharged abroad by the order and consent of the master, the assignment was given for a confirmation of the former order, and the recital is, that he has sold his voyage to Seabury for a fair consideration. The attesting witness, son of the assignee, testified that at that time Tripp said the
But even in the formal revocation of Seabury’s power, there is proof that the original balance order was given as security for advances made or to be made. He forbids the owners to pay Seabury any moneys due him upon his voyage in ship Envoy, on the balance order he gave him, at the sailing of said ship, as the order was without value received, and only as a protection to said Seabury. What was he to be protected from, unless loss on any advances, or credits, or bbligation on his part, against which Tripp intended to give this security. All that the notice intimates is, that it was not given for value then received, or not for the full value. He does not suggest that Seabury has not advanced money to his family on the credit of the order, since it was given. That he had done so, is implied by his own declaration, at the time the second assignment was given.
The voyage or lay being an assignable interest, and being assigned as security, it is, both by its own terms and by force and operation of law, an assignment of the whole lay. It is in terms an assignment of the whole lay ; it must be so by operation of law. It is not competent for a creditor to assign part of the debt, so as to give any equitable interest in part of the debt, or create any lien upon it. The debtor, or holder of the assignable interest, cannot, without his own con
The defendants, therefore, having shown that the plaintiff had made a valid equitable assignment of the claim sued for in this action, and that due notice was given them of it by the assignee, so that they are bound to pay and account for it to him, such assignment is a good defence to this action.
It does not follow, because the assignee has a right to demand the whole lay of the defendants, that he is entitled to hold the whole, as against the seaman. Having received it as security, he will be bound, after deducting his own advances and necessary charges, to pay the balance to the seaman, from whom he received the assignment.
Judgment on the verdict for the defendants.
