Calwell v. Caperton's Adm'rs

27 W. Va. 397, 1886 W. Va. LEXIS 24
CourtWest Virginia Supreme Court
DecidedFebruary 6, 1886
StatusPublished
Cited by12 cases

This text of 27 W. Va. 397 (Calwell v. Caperton's Adm'rs) is published on Counsel Stack Legal Research, covering West Virginia Supreme Court primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Calwell v. Caperton's Adm'rs, 27 W. Va. 397, 1886 W. Va. LEXIS 24 (W. Va. 1886).

Opinion

Woods, Judge :

On October 3, 1883, Bedford Calwell filed his petition against the administrators of Allen T. Oaperton, in the circuit court of Monroe county, to settle his estate and to provide for the payment of his debts; alleging in substance, that on August 11, 1879, his brother, Lewis M. Calwell, then dead, was indebted to Allen T. Oaperton, also then dead, a certain amount evidenced by two bonds by which all previous dealings and transactions between them had been adjusted and closed; one for $473.58, dated and due on September 13,1875, amounting on August 11, 1881, to the sum of $641.69, and another for $1,823.00, not bearing interest or payable until the interest tor which it was given, which had then accrued upon two White Sulphur bonds, transferred by Oaperton to Calwell, which did not itself bear interest, should be collected by Calwell, or paid to any other person, and he filed, as parts of his petition copies of said bonds, marked respectively Exhibits “C.” and “B;” that on August 11, 1879, he entered into an agreement in writing with one Stuart, a copy of which is made part of his petition as Exhibit “A.,” whereby Stuart out of the proceeds of the sale of certain bonds transferred to him by petitioner, was to pay to the estate of Oaperton $3,000.00 with interest from that date, when a certain bond should be collected; that this sum of $3,000.00 thus provided to be paid for his brother, Lewis M. Calwell to Caperton’s estate was the amount estimated to be due, in the absence of evidence of his indebtedness, and [399]*399was deemed ample to pay all the liabilities of Lewis M. Cal-well to Caperton’s estate, and tliat this arrangement was made úpon the express understanding and agreement, that before any part of the $3,000.00 should be paid the exact amount of this indebtedness should be ascertained, and that no more of the $3,000.00 should be paid than was really due; that Stuart on August 11, 1881, without ascertaining the amount actually due, or taking up the evidences of such indebtedness, paid to the administrator of Caperton $3,360.00, the amount agreed by him to be so paid with its interest. He further alleged that in the calculation of interest which resulted in the execution of the bond of $1,823.00, there was a mistake of $300.00, and that the same was endorsed by Caperton as a credit thereon, and that instead of $1,823.00, thebond should only have been executed for $1,523.00, and that the same did not become payable until March 31, 1882; that the amount due Caperton’s estate on August 11, 1881 was only $2,018.42, and that the $3,360.00 paid by Stuart to Ca-perton’s administrator overpaid the amount due from petitioner $1,251.58, which he prays may be repaid to him with interest from that date. Petitioner’s Exhibits “A.,” “B.” and “C.” are as follows:

Exhibit “A.”
“Agreement, made this August 11, 1879, between Bedford Calwell, of the one part, and W. A. Stuart, of the other part, witnesseth:
That said Bedford Calwell, being the holder of a certain bond in the Singleton trust on the White Sulphur Springs property amounting to $5,000.00, with the accrued interest thereon, and with part of accrued interest on another bond in thehandsofDr. J. J.Moormanof thesameamount($5,000.00), the whole claim held by said Bedford Calwell amounting to $8,900.00 as of to-day, supposing that said Stuart’s ofisets just pay interest on said amount to this time, and the said Calwell has received of said Stuart $2,835.00 as of this day, and the said Stuart hereby binds himself to pay A. T. Ca-perton’s estate $3,000.00 when said Singleton bond is collected, with interest from this date, to pay A. E. Mathews the amount of certain claims against Lewis M. Calwell on [400]*400which said Stuart is garnished, amounting as is supposed to $1,065.00, and the balance to pay said Bedford Oalwell on one, two, three and four years, with interest from date; and William B. Oalwell is to hold said Singleton bond as collateral security, and when this obligation is discharged or other security given, said W. B. Oalwell is to turn the said security over to said Stuart.
“Witness the following signatures :
“Bedford Calwell,
By W. B. Calwell.
“W. A. Stuart.”
Exhibit “B.”
“$1,823.00.
“There will be due from me to Allen T. Oaperton the sum of $1,823.00, beingthe difference of interest-Ms bonds which I hold and the interest on the two first mortgages on White Sulphur which he passed to me heretofore (in the year 1864) in discharge of his own bonds referred to above; and I promise to pay the above amount of $1,823.00 whenever the interest which has accrued upon the White Sulphur bonds referred to shall be collected by me or be paid to any other party.
“Given under my hand and seal May 16, 1867.
“Lewis M. Calwell, [seal.]”
Exhibit “C.”
“$473.58.
“On demand I promise to pay to A. T. Oaperton $473.58.
“Witness my hand and seal September 13, 1875.
“Lewis M. Calwell, [seal.]”

The administrators of Oaperton answered the petition, referring to, and relying on the bond of $1,823.00 as a correct ascertainment of the amount due from Lewis M. Oalwell to Oaperton, upon the transaction therein referred to ; they further aver that the sum of $1,823.00 was due to their intestate on May 16, 1867, and bore interest from that date, and that the bond merely intended to indicate the time and and mode of payment and not to limit the effect of the ascertainment then made of the difference of their mutual accounts, and that the same was so treated by the parties thereto; that Lewis M. Oalwell and Oaperton being both [401]*401dead, and the petitioner claiming the bonds assigued to Lewis M. Calwell by Oaperton, and having assigned the same to Stuart on August 11, 1879, acting through his brother, William B. Oalwell, who is also dead, entered into a written agreement with Stuart contained in Exhibit “A.,” who in accordance with its provision paid to James E. Patton, a former administrator of Oaperton $3,360.00,-as stated in the petition, and that this sum was applied in payment of Ca-perton’s debts. They deny that there was any mistake in the sum of $3,000.00 to the detriment of Bedford Oalwell, or that the indebteness of Lewis M. Oalwell ivas merely fixed at that sum in the absence of the bonds, in order to bo certain that $3,000.00 would be sufficient to discharge the indebtedness to Caperton’s estate; they rely upon the fact that the whole transaction from the beginning to the death of Lewis M. Oalwell, was in great part conducted by said William B. Oalwell, also dead, who was thoroughly familiar with the whole subject, had the mortgage bonds transferred by Oaperton in his possession, drew up the the bond of $1,823.00 and who was one of the most practicable and astute business men in Greenbrier comity. As all the parties to these transactions except the petitioner are dead, respondents can not tell how the sum of $3,000.00 was arrived at, nor do they know, and therefore they can not admit or deny that the interest accrued upon the bonds assigued by Caper-ton bore interest, nor do they know whether the two bonds of $1,823.00 and $473.58, constituted all the indebtedness due from Lewis M.

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Bluebook (online)
27 W. Va. 397, 1886 W. Va. LEXIS 24, Counsel Stack Legal Research, https://law.counselstack.com/opinion/calwell-v-capertons-admrs-wva-1886.