surrender the note to be canceled and that he be enjoined from bringing suit thereon or from selling or disposing of the same. Defendant demurred that the complaint did not state facts sufficient to constitute a cause of action.
H. Ballard for the appellant.
There was no foundation for this action as plaintiff had a perfect remedy at law. (2 R. S., 398; Allerton v. Belden, 49 N. Y., 378 ; Cox v. Clift, 2 Comst., 118.) The note being past due, no sale of it could impair plaintiff’s legal rights. (Geer v. Kissam, 8 Edw. Ch., 129 ; Savage v. Allen, 54 N. Y., 458 ; 2 Story’s Eq., § 700; Galusha v. Flour City Nat. Bk., 4 T. & C., 68; Crane v. Bunnell, 10 Paige, 333; N. Y. Dry Dock Co. v. Am. L. Ins. Co., 11 id., 384; Shepard v. Sanford, 3 Barb. Ch., 127 ; Mut. B. Ins. Co. v. Suprs. of N. Y., 32 How., 359 ; Scott v. Onderdonk, 14 N. Y., 13 .)
R. H. Duell for the respondent.
The complaint stated a good cause of action in equity. (Story’s Eq., §§ 700, 705, 705 a; McHenry v. Hazard, 45 N. Y., 580 ; Jarvis v. White, 7 Ves., 413; Hamilton v. Cummings, 1 J. Ch., 517 ; Wood v. Hubbell, 5 Barb., 604 ; Johnson v. Wetmore, 12 id., 433; Francin v. Joseph, 3 Edw. Ch., 182 ; Noah v. Webb, 1 id., 608; Gates v. Green, 4 Paige, 355 ; Allerton v. Belden, 3 Lans., 492 .)
This action cannot be maintained in view of the decision of this court, in Allerton v. Belden ( 49 N. Y., 373 ), which was not reported when this case was decided at Special Term. The defence of payment was perfectly available to the plaintiff in an action upon the note, and no transfer could prejudice it. The plaintiff, under the provisions of the Eevised Statutes, can perpetuate the testimony of witnesses, in anticipation of a suit on the note, and no special circumstances exist, as in the case of McHenry v. Hazard ( 45 N. Y., 580 ), which authorize the court to entertain an action for its cancellation and surrender.