Coles' Adm'r v. Ballard
Supreme Court of Virginia
Appeal from decree of circuit court of Albemarle county, rendered 26th. June, 1880, in chancery suit wherein Peyton S. Coles, .administrator c. t. a. of Julia Coles, deceased, was complainant and Thomas C. Ballard and the heirs and personal representatives of Valentine Head, deceased, and of Nathaniel Thompson, Jr, deceased, and of Nathaniel Thompson, Sr., deceased, and others were defendants.
1Opinion of the CourtFattntleroy, J.
On the 10th day of November, 1844, the appellant’s testatrix, Mrs. Julia Coles, a widow lady, engaged in no business, and living wholly upon her “income from monied investments,” loaned to Thomas C. Ballard one thousand dollars, secured by his bond to her of that date, payable on demand, with legal interest thereon till paid, with Valentine Head, Nathaniel Thompson, Jr., and Nathaniel Thompson, Sr., as sureties. Thomas C. Ballard, the principal obligor, paid the interest on said bond semi-annually, to the obligee, Mrs. Coles, up to the 10th of June, 1872.
The said Ballard went into bankruptcy…
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