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35 Mo. 244

Powell v. Morrison

Supreme Court of Missouri

Decided October 15, 1864

Supreme Court of Missouri · decided 1864-10-15

Louis Circuit Cowt. The promissory note in question was trust property. Held: “ the words road and canal fund” on the lace of the note is notice. As to notice of a trust on the face of a paper, see Byles on Bills, 121; 14 Pet. 318; 1 Barn. & Ad. 528; 5 Wend. 566; 2 Sme. & Marsh. 687; 20 Mo. 105; 8 Taun. 103 ; 1 Atkyns, 522; 4 Ohio, 446-458 ;' 3 Russell, 273 ; 2 Hare, 172, 175; Doug. 615; 8 Barn. & Cress. 622.

Key passage — most relied on by later courts

“James Castello, Sheriff of the County of St. Louis.”

quoted by 1 later decision, including Sanford v. Van Pelt

Good law ✅— No negative treatment on recordhow we know

Decided 1864-10-15

How this case has been cited

Cited by 13 later decisions — most recently April 1943

13 state decisions

40186418701880189019001910192019301940decided

Later decisions citing this case, by decade. The current decade is in progress, and our corpus holds fewer opinions from the most recent years, so the latest bars are undercounted — not a real decline.

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Bates, Judge,

¶1delivered the opinion of the court.

¶2The plaintiff, Powell, was party to a suit in partition of land, in which suit a judgment was rendered determining the respective interests of the parties ; and the property be*250ing incapable of division was, by order of the court, sold by the sheriff and bought by Pottle & Bailey. The sale was partly upon credit, and Pottle & Bailey gave to the sheriff their notes for the deferred payments, and to secure the payment of them gave a deed of trust of the property bought by them. One of the notes given by Pottle & Bailey was endorsed in blank by the sheriff, who, through a street-broker, sold the same to the defendants, who, at the maturity of the note, received payment of it from the makers, Pottle & Bailey. This suit was brought to recover of the defendants a portion of the proceeds of the note, equal to the plaintiff’s interest in the land, which the note (in part) represented.

¶3The Circuit Court gave judgment for the plaintiff. The note was as follows: “ $7.258.85£. St. Louis, May 28,1857. Three years after date, I promise to pay to the order of James Castello, sheriff of St. Louis county, seven thousand two hundred and fifty eight dollars, for value received, negotiable and payable without defalcation or discount, with interest from date at the rate of six per cent, per annum. Moses L. Pottle, Romanzo N. Bailey. May 28-31.” And it was endorsed as follows : “ James Castello, sheriff.”

¶4The deed of trust which secured the payment of the note, described cestui que trust as “ James Castello, sheriff of the county of St. Louis, State aforesaid ; and after describing the property added these words : “ the property herein conveyed being the same property purchased at sheriff’s sale on the 28th day of May, 1857, in the case of Jane Powell et al.;” but did not recite or state in any manner that the notes secured thereby were given for a part of the purchase money of the land sold by the sheriff. The defendants when they bought the note .did not know that the sheriff (Castello) was the seller; they getting it from a broker, without knowing who was his principal. They acquired it for full value, in actual good faith, and without any doubt of their perfect legal and equitable title to the note and its proceeds. There was judgment for the plaintiff. The principal question therefore is, as to the effect of the words on the face of the *251pote, “ sheriff of St. Louis county,” and the endorsement, James Oastello, sheriff.”

¶5It is with some doubt and hesitation that I have come to the conclusion, that those words should be regarded as merely descriptive of the person of the payee and endorser; but there does not appear to be sufficient reason to distinguish this case from those in which the person mentioned in the paper or instrument is also described as trustee, agent, guardian or administrator, and in which those words are held to be merely words of description of the person.

¶6In this view of the case the judgment of the lower court must be reversed and the cause remanded.

Judge Bay concurs ; Judge Dryden dissents.
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