American Freehold Land Mortgage Co. of London, Ltd. v. Brown

118 S.W. 1106, 54 Tex. Civ. App. 448, 1909 Tex. App. LEXIS 231
CourtCourt of Appeals of Texas
DecidedMarch 17, 1909
StatusPublished
Cited by15 cases

This text of 118 S.W. 1106 (American Freehold Land Mortgage Co. of London, Ltd. v. Brown) is published on Counsel Stack Legal Research, covering Court of Appeals of Texas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
American Freehold Land Mortgage Co. of London, Ltd. v. Brown, 118 S.W. 1106, 54 Tex. Civ. App. 448, 1909 Tex. App. LEXIS 231 (Tex. Ct. App. 1909).

Opinion

KEY, Associate Justice.

—The nature of this suit is sufficiently indicated by the charge of the trial judge, which, omitting formal parts, reads as follows:

“Gentlemen of the Jury: In this case the plaintiffs allege that R. L. Brown and J. Gordon Brown, under the name of Brown Brothers, had established at Austin and in the city of Waco a business of loan agents, which transacted business throughout the State, and had from 1888 to 1898 conducted the business of lending money on behalf of foreign corporations, receiving for their services a percent of the annual interest as it accrued upon the loans made; that the plaintiffs had established a good reputation as business men for honesty, promptness and reliability, and as men who could command money for lending to those who might apply to them to borrow, and in the transaction of the business of loan agents, had established business relations with many people in Texas who were borrowers of money, who had *451 confidence in the plaintiffs and who would have continued to do business with them except for the interference of the defendant; that they were appointed agents of the American Freehold Land Mortgage Company of London, Limited, hereinafter called the defendant company, in the year 1888, and continued to transact business as such agents for that company until the year 1898, during which time a profitable business was done for said defendant company, for which the plaintiffs received annually eight thousand dollars; that in the year 1898 the defendant company determined to change the manner of doing business in Texas, so as to pay salaries instead of commissions, as it had done with the plaintiffs; that by reason of the transactions which plaintiffs had carried on as agents, lending money for the said defendant company, as well as others, they had established a valuable business, having loaned money to many persons, which loans were about to mature, and said persons would require to renew the loans or to borrow money to pay them; that plaintiffs would have"been able to control that business as agents of other companies after the agency for said defendant company had been taken from them, and to prevent this and secure the plaintiffs’ business for themselves, the said defendant company and B. B. King and T. Mallinson, who are alleged to be agents of the defendant company, fraudulently and maliciousfy combined, confederated together for the purpose of weakening and destroying plaintiffs’ business influence, financial credit and standing, and to break them up and run them out of business, and that by means of the fraudulent combination and their acts done and performed, alleged specially in the petition, the defendant succeeded in preventing the plaintiffs from continuing their business with a large number of their clients who needed to borrow money and whose loans in other companies were maturing, and by the fraudulent and false representations alleged in the petition, defendant prevented said persons from making application to the plaintiffs for such loans, and thereby weakened and in a large measure destroyed the business of the plaintiffs. It is further alleged that the defendant, for the wicked, malicious and fraudulent purpose before charged, circulated and published reports and statements to the effect that the plaintiffs were insolvent and unable to accommodate their customers who might apply for loans, and by the various methods alleged, interfered and prevented persons from applying to the plaintiffs for loans, and also by such means and false and fraudulent representations prevented plaintiffs from acquiring agencies from other companies, which otherwise they would have done, so as to enable plaintiffs to furnish money to those persons" who applied to them for loans.
“2. Plaintiffs have dismissed their case as to T. Mallinson and B. B. King, and they are no longer parties to this case. The defendant company denies the allegations in the plaintiffs’ petition, and specially allege that on the 20th day of July, 1899, plaintiffs and defendant company made and entered into an agreement wherein they had a full and complete settlement of all matters in controversy then existing between said company and said plaintiffs, growing out of their relations as principal and agents and on account of the termination thereof, and it alleges that no acts or statements complained of *452 by the plaintiffs herein as committed or made by its representatives (if any were actually committed or made) were committed or made under its authority or with its knowledge or consent; nor was any such act or statement ever ratified by it; that neither it nor its representatives ever at any time caused the plaintiffs to lose any company which they had, nor caused them at any time to lose any customer which they had; that neither the defendant nor its representatives at any time prevented the plaintiffs from securing any new company, nor did it or its representatives at any time prevent the plaintiffs from securing any new customers; that neither it nor its representatives at any time prevented or caused any company or persons to desist from loaning plaintiffs any money, nor did it or its representatives ever at any time cause the plaintiffs or either of them to suffer any damage, save such as necessarily resulted to them by the withdrawal of defendant’s business from them, which it had a full legal right to do, and for any results of which it is in no way responsible.
“3. All allegations of fact in the pleadings, in support of which no evidence has been introduced, are withdrawn from your consideration, and you will not consider such allegations for any purpose in arriving at your verdict.
“4. Under the contract of employment of plaintiffs by the defendant company, said company retained the right to discharge the plaintiffs at any time for or without cause, at its discretion, and hence the plaintiffs can not recover of the defendant any damages for withdrawing or terminating its agency contract with the plaintiffs, or for any losses which the plaintiffs may have sustained by reason thereof, regardless of the motives said company may have had in withdrawing the same.

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Bluebook (online)
118 S.W. 1106, 54 Tex. Civ. App. 448, 1909 Tex. App. LEXIS 231, Counsel Stack Legal Research, https://law.counselstack.com/opinion/american-freehold-land-mortgage-co-of-london-ltd-v-brown-texapp-1909.