Samuel Blatchford

“ Especially, the force of the letter of Coyle to Davis, of June 11, 1867, is not broken by any satisfactory explanation. It would serve no useful purpose to discuss the testimony at length. There is but one point to which it is needful to refer. Great stress is laid, in cases of this kind, on inadequacy of consideration; where there is a considerable disproportion between the price paid and the real value of the property. ”

“ The bill was filed May 24, 1869, to redeem a parcel of land in the city of Washington alleged to be covered by a mortgage held by the defendant Davis. The substantial averments of the bill are that Coyle, Spalding, and Rapley, in April, 1863, purchased the land, as tenants in common, and it was, by their mutual consent, deeded to Rapley; that Coyle's share was incumbered by a deed of trust executed as security for a loan made to Coyle by one Riggs; that, in order to pay Riggs, Coyle, in June, 1866, applied to Davis for a loan of $6,000 ”

“ This well-settled rule of equity jurisprudence was applied by this court in Howland v. Blake, 97 U.S. 624, 626. The case stated in the bill herein is not supported by the weight of the evidence. On the contrary, it sustains the allegations of the answer. ”