Coles v. Kelsey , 13 Tex. 75 ( 1854 )

Lipscomb, J.

The appellee recovered a judgment against the appellant for three thousand dollars principal and one thousand dollars interest, and a question was made in the Fro - bate Court to which the judgment had been ordered to be certified and payed in the due course of administration, whether such judgment carried any interest at all; if any, whether it should be allowed on the three thousand dollars or on the aggregate sum of four thousand dollars, adjudged as the principal and interest. The Probate Judge decided that interest run on the whole judgment of four thousand dollars, from which the administrator appealed to the District Court; and in that Court the judgment of the Probate Court was affirmed, and an appeal was taken to this Court.

It is not necessary to discuss the question, whether interest is the creature of express law, or not. I have no doubt myself that it is regarded in England and in all of the States where the Common Law is the corjpus of their jurisprudence, as the creature of statute, and further, that after the first statute in England giving the rate of interest and defining upon what kind of indebtedness it was recoverable, judgments did not carry interest at all, because not provided for by the statute—the contract only carrying interest, and that being merged, in the judgment, no further interest could be given. But we have a statute expressly giving eight per cent, interest on judgments. Art. 1610, Hart. Dig., is as follows: “ That all judg- “ ments of the several Courts of this Republic shall bear in- “ terest at the rate of eight per cent, per annum from and after “ the date of such judgment, and the same shall be recovered “and allowed. Provided, however, that said judgment shall “ be given only upon contracts hereafter made, in which there “ may be no more than eight per cent, stipulated in writing.32 The construction that I had believed to be the true one, according to the intent and meaning of the proviso, was that no judgment carried interest, unless it was founded on a contract entered into subsequently to the passage of the Act, and then only when there was not a greater rate of interest stipulated in writing than eight per cent, per annum. I still believe that my construction of the proviso was right; but a majority of the Court decided differently in the case of Jewett v. Thompson, (8 Tex. R. 437.) That decision is the undoubted law of this Court. I have no disposition to question its correctness now, although I believe the decision has entirely disregarded the proviso, in toto, when it could have had full effect, without destroying the body of the Section, and only modifying and restraining it to act on a particular class of judgments. The law of the Court gives interest on all moneyed judgments rendered after the date of the statute above cited, and therefore the judgment in this case was entitled to the statutory interest of eight per cent.

It is objected, however, that a part of the judgment was for interest, and that on so much no interest ought to be allowed. We believe there is nothing in this objection. The interest due at the rendition of the judgment became incorporated into and a part thereof, and there is no exception in the statute, prohibiting interest on the whole. A judgment rendered on an open account, on which interest is not allowed whilst it remains an open account, carries interest on the judgment from the date of its rendition till payment, and even a quasi judgment of the approval of an open account, against a deceased person, carries interest from the date of the approval by the Probate Judge. (Finley v. Carothers, 9 Tex. R. 517.)

I would not have said anything about the proviso in the Article cited above giving interest on judgments, because under the decision cited it was not necessary; but in that case, as reported, it does not appear that I dissented from the opinion given. My brethren, however, will recollect that I did disagree with them, and I have availed myself of the present occasion to give the reasons which governed me in so dissenting. The judgment is affirmed.

Judgment affirmed.