Bigelow v. Wilson

54 N.W. 465, 87 Iowa 628
Supreme Court of Iowa·Decided February 3, 1893·Published·Cited by 1 cases

Opinion

Kinne, J.

— The case, as presented by the pleadings, is as follows: April 1, 1885, M. H. King began suit in the circuit court of Madison county against the Des Moines, Osceola & Southern Railway Company to enforce a mechanic’s lien for $15,000, and for the. appointment of a receiver. April 9, 1885, King executed to R. T. Wilson & Co. the following assignment:

“I, M. H. King, plaintiff in the above-entitled cause, in consideration of the sum of nine thousand, three hundred dollars to' me in hand paid by R. T. Wilson & Co., of the city of New York, do hereby sell, assign, and transfer to said R. T. Wilson & Co. all my right, title, interest, and claim to a mechanic’s lien as set forth and claimed by me in the above-entitled suit, and in the petition and amended petition filed therein; and I do hereby authorize said R. T. Wilson & Co. to prosecute said suit in my name, or to have their own names substituted as plaintiffs in said cause, as they may elect. I further authorize said R. T. Wilson & Co. to prosecute my said claim and lien to judgment for their own use and benefit, exclusively, in any court they may see fit, and to cause execution to be issued therefor, and collect the same for their sole use and benefit, either in my name, or in the name of the firm ■of R. T. Wilson & Co., as they may elect.”

At the same time Wilson & Co. executed to King the following: “It is understood that the assignment made by M. H. King to R. T. Wilson & Co., of mechanic’s lien claim against Des Moines, Osceola & Southern Railway Company, does not include subsidy [630] notes' taken by King, and now with the Des Moines National Bank, in the sum of about six thousand dollars.”

R. T. Wilson, the defendant in this action, was the principal member of said firm of R. T. Wilson & Co. February 8, 1887, King obtained a judgment by default, in the district court of Clarke county, against said railway company, for six thousand, eight hundred and forty-seven dollars and sixty-nine cents. This judgment is based upon a part of the claim involved in the Madison county suit, and which, as appears on the face of the assignment above referred to, was by it transferred to Wilson & Co. In the same month King assigned the .Clarke county judgment to the plaintiff herein, a nonresident, who began this action. R. T* Wilson, as the plaintiff claims, was the owner of one thousand, five hundred shares of stock in said railway company, of one hundred dollars each, for which he was indebted to. said company, and an execution having been issued against the company, and returned unsatisfied, this action was brought to recover of the defendant, as a stockholder of said company, under the provisions of the statute. The defendant, for answer to plaintiff’s claim, pleaded: First. A general denial. Second. Ownership of the claim sued upon, in himself, by virtue of the assignment heretofore set out. Third. That, after King assigned the claim and lien, Wilson & Co. filed a pleading in the Madison county suit, setting out the assignment, and their ownership of the claim thereunder; that they moved the court to substitute them as plaintiffs; that the court found that King had sold the claim to Wilson & Co., and sustained their motion. This is claimed to have been an adjudication that Wilson & Co. owned the claim. A demurrer was sustained -to the second, defense. In a reply the plaintiff denied that King assigned his entire claim.

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Bigelow v. Wilson, 54 N.W. 465, 87 Iowa 628 (iowa 1893).

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68 N.W. 798 (Supreme Court of Iowa, 1896)