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38 Iowa 575

Sinclair v. Walker

Supreme Court of Iowa

Decided June 19, 1874

Supreme Court of Iowa · decided 1874-06-19

The petition alleged in substance that on the 11th day of December, 1869, the plaintiff, John M. Ourless, borrowed of the First National Bank of Cedar Rapids, through its cashier and agent, the sum of three hundred dollars, to be paid in the spring or summer of 1870, with interest at ten per cent, per annum, and that to secure said sum he deeded to W. W. Walker, the President of said bank, the lands in controversy, consisting of about sixty acres adjacent to Cedar Rapids.

Cited by 1 later decisions (1 by the Supreme Court) — most recently January 1889

Good law ✅— No negative treatment on recordhow we know

Decided 1874-06-19

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Day, J.

¶1conveyance: gage.' — The evidence is too voluminous to be all reviewed within the proper limits of an opinion. Some of it is inconsistent with any view of the case. No conclusion can be reached which does not involve a rejection of some of the testimony. In this respect the case is like almost every one which involves facts to be established by evidence. In such cases, if the mind should adopt no conclusion against which objection exists, no conclusion would ever be reached. Certainty is not attainable. Each member of the court has given the evidence submitted a careful perusal, and we unite in the conclusion that it sustains the judgment of the court below, and establishes the fact that the transaction was a sale to "Weare. The burden of proof is on the plaintiffs. Before a deed absolute upon its face can be declared a mortgage, the evidence must be clear and satisfactory. See Corbitt v. Smith, 7 Iowa, 60 and cases cited; Cooper v. Skeel et al., 14 Iowa, 578; Gardner et ux. v. Weston, 18 Iowa, 533.

¶2The facts that no note or evidence of indebtedness was given, that the time of re-payment was not definitely fixed, .and that Curless became a tenant of Weare under a written.lease of the property, tend strongly to support the conclusion that the transaction was a sale. In addition to these is the fact that the amount paid, about $1200, was very nearly the full value of the land, for Curless testifies that he offered to sell it for $ 1500.

¶3There is also the positive testimony of Weare and Stanch-field that the sale was absolute; and the declaration of Curless that he had sold and was going to California. Further, the reputation for truth of Curless, the principal witness on behalf of plaintiffs, is impeached by five witnesses, and his general moral character by one, and he is sustained by none. It is urged that if the money paid Curless was borrowed of the *578bank by Weare and tlie deed executed to Walker to secure this loan, the whole transaction is vitiated, because the 'bank had no authority to accept real estate as security for a loan.

¶4This position is not well taken. The transaction between Curless and Weare cannot be affected by the means through which Weare obtained the money to pay for the property. That is a matter solely between Weare and the bank.

¶5We could not fully review the evidence without extending the opinion to undue length. We have read it carefully, and we feel satisfied with the result.

¶6Affirmed.

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