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34 Mo. 84

Pittman v. Barret

Supreme Court of Missouri

Decided March 15, 1863

Supreme Court of Missouri · decided 1863-03-15

Louis Court of Common Pleas. Richard F. Barret executed to Robert 'Pitzer the following promissory note, to-wit: “$1,833 AV Montgomery Co., Mo., Sept., 1855. On or before the first day of September, 1858, I promise to pay Robert Pitzer eighteen hundred and thirty-three dollars and thirty-three cents, with interest thereon till paid, for value received.

Cited by 2 later decisions — most recently January 1906

2 state decisions

Good law ✅— No negative treatment on recordhow we know

Decided 1863-03-15

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Bates, Judge,

¶1delivered the opinion of the court.

¶2The promissory note which is the foundation of this action, was for a certain sum of money, “ with ten per cent, interest thereon till paid;” and the only question is, did it bear interest during the period of time between its date and its maturity ?

¶3We have not the slightest doubt that it did. It was the intention of the parties thatit should be paid at a particular specified time, with interest. The contract for the payment of interest is as specific, legal and binding as any other part of the contract, and we have no right to annul it. If the parties had meant that it should not bear interest, they would not have said that it should. They had a legal right to contract for the payment of interest, and they did so in unequivocal language.

¶4The case of Ayres v. Hayes is relied on by the appellants as governing this case. An examination of that case will show that the conclusion arrived at, with considerable doubt,” was based upon the facts peculiar to that case. It is no precedent for any other case, not having the same 'peculiarities.

¶5Judgment affirmed.

Judges Bay and JDryden concur.
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