Washington Reports; Cases Determined in the Supreme Court of Washington Volume 23 (Paperback)

This historic book may have numerous typos and missing text. Purchasers can usually download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1901 edition. Excerpt: ... Morley v. Lake Shore Ry. Co., supra, the court says: He has no contract whatever on the subject with the defendant in the judgment, and his right is to receive, and the defendant s obligation is to pay, as damages, just what the state chooses to prescribe. In 1899 the legislature declared that judgments founded upon written contracts providing for the payment of interest until paid at a specified rate should bear interest until paid at the rate specified, not exceeding 10 per cent., and that said rate should be set forth in the judgment. All other judgments should bear interest at the rate of 6 per cent. per annum from date of entry. A clause similar to the act of 1895, that the act should not be construed as affecting any contract or obligation made or entered into prior to the taking eflect of the act, was included in this act, and it expressly repealed the law of 1895. The judgment in this case was rendered upon the 10th day of April, 1894. We think, from the authorities cited, which state, in our opinion, the law, that computation of interest should be as follows: 8 per cent. per annum on the amount due on the judgment after allowing credit for payments thereon from April 10, 1894, until the law of 1895 (Laws 1895, p. 349) went into effect, June 13, 1895; and from that time until the law of 1899 (Laws 1899, p. 128) went into efiect, June 8, 1899, at the rate of 7 per cent. per annum; and from the time the Laws of 1899 went into effect until May 26, 1900, at the rate of 6 per cent. per annum. The amount of interest computed on this basis from April 10, 1894, to l_Iay 26, 1900, the date of the revived judgment, is $1,974.14, being $1,370.01 less than that awarded by the court below. The record shows that the court...