{
  "id": 1500965,
  "name": "Merritt v. Wallace",
  "name_abbreviation": "Merritt v. Wallace",
  "decision_date": "1905-07-01",
  "docket_number": "",
  "first_page": "217",
  "last_page": "220",
  "citations": [
    {
      "type": "official",
      "cite": "76 Ark. 217"
    }
  ],
  "court": {
    "name_abbreviation": "Ark.",
    "id": 8808,
    "name": "Arkansas Supreme Court"
  },
  "jurisdiction": {
    "id": 34,
    "name_long": "Arkansas",
    "name": "Ark."
  },
  "cites_to": [
    {
      "cite": "38 Ark. 494",
      "category": "reporters:state",
      "reporter": "Ark.",
      "case_ids": [
        1900538
      ],
      "opinion_index": 0,
      "case_paths": [
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    {
      "cite": "75 Ark. 571",
      "category": "reporters:state",
      "reporter": "Ark.",
      "case_ids": [
        1502422
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      "opinion_index": 0,
      "case_paths": [
        "/ark/75/0571-01"
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  "last_updated": "2023-07-14T17:37:18.445737+00:00",
  "provenance": {
    "date_added": "2019-08-29",
    "source": "Harvard",
    "batch": "2018"
  },
  "casebody": {
    "judges": [],
    "parties": [
      "Merritt v. Wallace."
    ],
    "opinions": [
      {
        "text": "Hire, C. J.\nIn 1888 appellant, Merritt, was appointed by the probate court guardian of Lena Crane, a minor, now Lena Wallace, the appellee herein. In 1889 the guardian received from life insurance policies $4,990. January 13, 1890, he filed his first annual settlement, showing a balance on hand of $4,555.49. To this settlement was appended a petition of the guardian for an order to loan $4,000 of the ward\u2019s money, and at the April term, 1891, the court made an order directing the guardian to loan said sum on real estate security. There was no proceeding in the guardianship after the April term, 1891, until the January term, 1901, when a petition was filed by Mrs. Wallace, praying that her guardian be required to make a final settlement. On April 5, 1901, the guardian filed his second and final account charging himself with $1,281.26. The appellee filed numerous exceptions to the account, and made out an account as she contended should be made, in which the guardian was charged with interest on the funds in his hands, and other matters differently stated. The probate court sustained some of the exceptions, and charged the guardian with interest since the ward\u2019s majority, and rendered judgment against him for $1,861.25. The guardian appealed to circuit court, and the issues were tried anew before the circuit judge. The only evidence was the affidavit of the guardian (treated as a deposition by consent) on the question of interest, and the deposition of Mrs. Wallace. The latter was practically a repetition of her exceptions to the account and statement of the account as it should be. The appellant has failed to bring into his abstract the evidence, and therefore the presumption is that the evidence sustained the' finding by the circuit judge. Shorter University v. Franklin, 75 Ark. 571, and authorities there cited.\nAside from this presumption, however, the guardian did not introduce evidence to sustain his account, where challenged, and he would fail on that score. Mr. Woerner says: \u201cThe ouns probandi rests upon the executor or' administrator to establish the validity of any item of credit in the account which is challenged, and for want of sufficient prima facie proof such credit will be rejected.\u201d 2 Woerner, Administration, \u00a7 540. See also Schouler on Dom. Rel. \u00a7 372.\nThe circuit judge went through the accounts painstakingly, rejected some credits and allowed others excepted to, and there is no ground to set aside his finding as to the amount due on the account. The principal question in the case is charging the guardian interest on the funds in his hands. The guardian testified: \u201cI gave the statutory notice, and-received from H. H. Halley an application to borrow said funds; that in my opinion as such guardian the security offered by said Halley was grossly inadequate; that as such guardian I received no other application for the loan of said fund.\u201d\nThe trial court said: \u201cHe was entitled to a reasonable time to make investments or report his failure to do so to the court. Some authorities say three months is all that could' be called reasonable; some say six months; and in others even a year is hinted at as not too long under peculiar circumstances. It is extremely liberal to the defendant here to allow him the time from April term, 1891, when the order to lend was made, until the 1st of July, 1893, in which to take decisive action.\u201d The court charged him with 6 per cent, interest from the latter date, amounting to $2,061.10.\nSection 3804, Kirby\u2019s Digest, requires guardians to loan idle money of their wards, under the direction of the court. Section 3805 provides: \u201cIf any guardian fg.il to loan the money of his ward on hand, as aforesaid, under the provisions of this act, he shall be accountable for the interest thereon.\u201d The general rule is that the guardian must exercise reasonable skill and diligence to loan the money; and if he fail to do so, he is liable therefor at legal rate of interest; and if the ward can show it could have been loaned at a higher rate, he is chargeable with what he could have obtained. Rodgers, Domestic Relations, \u00a7 869; 2 Woerner, Administration, \u00a7 511; Price v. Peterson, 38 Ark. 494.\nThe guardian rejected one application on account of the insufficiency of the security, and says he had no further applications.\nSection 3808, Kirby\u2019s Digest, contemplates, when money of the ward cannot be safely loaned, to have it invested in United States bonds.\nThe guardian utterly fails to show reasonable diligence to secure a safe loan, and, had he exercised such diligence and failed, then he should have reported it to the court, to the end that the money be invested in bonds. Instead of doing that, he made no report for ten years, and only then when cited into court.\nThe appellant has no cause of complaint against the judgment, and it is affirmed.",
        "type": "majority",
        "author": "Hire, C. J."
      }
    ],
    "attorneys": [
      "F. M. Rogers and B. F. Merritt, for appellant.",
      "J. W. Dickinson, for appellee."
    ],
    "corrections": "",
    "head_matter": "Merritt v. Wallace.\nOpinion delivered July 1, 1905.\n1. Appeal \u2014 failure to abstract evidence. \u2014 Where appellant fails to bring the evidence into his printed abstract, the presumption is that the evidence sustained the findings of the trial court. (Page 218.)\nGuardian and ward \u2014 account\u2014burden op proof. \u2014 The burden of proof rests upon a guardian to establish the validity of any item of credit in his account which is challenged, and for want of. sufficient prima facie proof such credit will be rejected. (Page 218.)\n3-Same \u2014 interest on unloaned funds. \u2014 Where a guardian, after being ordered by the probate court to lend out his ward\u2019s money, waited for ten years without lending the money, and without making any report to the court of his failure to do so, it was not error, after allowing him reasonable time to make the loan after being ordered to do so, to charge him with interest thereafter at the legal rate. (Page 219.)\nAppeal from Desha Circuit Court.\nAntonio B. Grace, Judge.\nAffirmed.\nF. M. Rogers and B. F. Merritt, for appellant.\nJ. W. Dickinson, for appellee."
  },
  "file_name": "0217-01",
  "first_page_order": 239,
  "last_page_order": 242
}