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Brantly's annotated Bland's Reports, Chancery Court 1809-1832
Volume 198, Volume 3, Page 495   View pdf image (33K)
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POST v. MACKALL.—3 BLAND. 495

shall not depend upon the will or caprice of one cieditoi who has
within his reach a double iutid to disappoint another creditor of his

the bank released Lloyd s part of Marengo, on condition that the pro-
ceeds thereof, as bought by Lloyd should be applied to the payment of the
debts of Jacob Gibson, decpased which proceeds were accordingly, without
objection by the parties, so applied so that the release of the bank though
its operation was to diminish the fund liable for the payment of the mort-
gage debt yet, as the value of this released mortgaged estate was applied
to the payment of the other debts due by the deceased to the exoneration
of the real estate of the other devisees of the testator therefrom it would
seem, these other devisees cannot now object to this release, unless they pei-
mit the bank and Lloyd to claim, by way of substitution to the rights of the
creditors so paid off by the terms of the release This would increase the
amount to which the bank would be entitled by way of substitution, and
render it still more improbable, that any injury could result to these parties
by paying off the whole of its mortgage debt.

The auditor further reports, that there is not now, in this cause sufficient
evidence from which he can accurately ascertain what should be the deduc-
tion from the plaintiff s claim, No 1, by reason of the successful plea of the
Statute of Limitations thereto by James Tilton and Clara Tilton and he
submits, that further proof be taken for that purpose He also reports,
that James Tilton was one of the sureties of Edward R Gibson on hit, bond
as executor of the deceased, and, in ordei to the indemnity of himself and
his co-surety, Edward R Gibson, conveyed by mortgage to them all his real
estate devised to him by the deceased, prior to any of the conveyances
theieof now among the papers That claimants of No 1 3, 4, 5 and 7,
have recovered judgments against this executor for their legal dividends of
the assets of the deceased respectively but have not received the same.
That the personal estate of the deceased appears to have been long since
fully paid off the said Edward R Gibson and James Tilton are both non-
residents of this State The auditor submits, therefore if under these cir-
cumstances, the interest of said Tilton in this estate should not be held liable
for the payment of the legal dividends of the personalty on these judgments,
and also, how far these creditors can avail themselves of this mortgage, and
of their judgments to prevent the operation of the Statute of Limitations,
as pleaded against them by the said Edward R Gibson and James Tilton,
those claiming under them, or of the mortgaged premises, as a security for
the payment of their debts

The auditoi further reports that the claimant No 9, alleges in his peti-
tion, among other matters, that he has a right to be reimbursed the amount
of his said claim, as well out of the estate of the deceased, as out of any in-
terest Edward R Gibson or James Tilton may have therein, to all of whom
he claims to stand in the relation of surety, that he claims to stand in the
relation of co surety to Fayette Gibson and having paid, on account of the
principal debtor the amount of tins claim, that be is entitled to be reim-
bursed one half thereof out of any interest Fayette may have in the estate
He alleges, that Edward R Gibson and James Tilton are non residents, and
that there is no other fund from which he can obtain payment The auditor
submits the effect of then several protections upon the respective interests
of the parties

And the auditoi further leports that since the preparation of these
accounts and report, Francis G Sheets and Clara his wife, formerly Clara
Tilton, have filed their plea of the Statute of Limitations and objected to

 

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Brantly's annotated Bland's Reports, Chancery Court 1809-1832
Volume 198, Volume 3, Page 495   View pdf image (33K)
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