Carter v. Gibson

66 N.W. 631, 47 Neb. 655, 1896 Neb. LEXIS 629
Nebraska Supreme Court·Decided March 18, 1896·No. No. 6283·Published·Cited by 1 cases

Opinion

Ryan, C.

The issues presented in this case were fully described in Carter v. Gibson, 29 Neb., 324. After the case had been remanded there was a trial in the district court, and upon findings of fact there was a decree, which plaintiff seeks to review by this his appeal.

The action was brought by John M. Carter, as cestui que trust, against Benjamin A. Gibson, as [656] trustee, to compel an accounting by tbe latter with respect to lands by the cestui que trust entrusted to tbe trustee to sell for tbe payment of certain enumerated debts owing by Carter to different parties, among whom was B. A. Gibson. Tbe prayer of plaintiff’s petition was for an accounting of tbe moneys, notes, and securities received by B. A. Gibson in consideration of tbe sale of any of said land, with interest thereon; that said Gibson be required to account for tbe actual value of sucb land as bad been sold to Francis N. Gibson; that of tbe proceeds of tbe sales made by him, B. A. Gibson be required to apply on tbe indebtedness of Carter a sufficient amount to extinguish it; that B. A. Gibson be required to pay the balance of sucb proceeds to plaintiff and cancel the liens named in tbe contract between plaintiff and defendant; that B. A. Gibson be enjoined from disposing of any more of said land; “that be may do all things as agreed, and that plaintiff may have sucb other and further relief as justice and equity may require.” By bis answer, B. A. Gibson described tbe particular debts with respect to tbe payment of which Carter bad caused to be conveyed tbe real property in trust, and described various transactions which be alleged entitled him to credits on sucb amounts as he bad realized from sales of portions of said land, and finally denied that defendant was in any manner liable to account to plaintiff under tbe agreement set forth in plaintiff’s petition, or under any other agreement, for any lots or land sold by defendant. Following this averment there was this prayer: “Hence tbe defendant asks that tbe plaintiff’s bill filed in this action be dismissed at bis costs, and that this defendant may be accorded sucb further [657] relief as may be just and equitable.” There was a reply, which requires no special notice in this connection.

The portion of the decree from which specially Carter prosecutes this appeal was in the following language: “It is hereby ordered, adjudged, and decreed that there is due the defendant Gibson from the plaintiff John M. Carter the sum of $3,754.21, which is made a lien on the lands hereinafter described.” In connection with the facts pursuant to which the above figures were reached there was filed a paper of which the heading was “Computation by the Court.” The first item of this computation was a charge of “Carter’s indebtedness,” drawing interest at ten per cent per annum, $2,658.73. The next item was interest thereon to August 1, 1887, $22.15, making a total of $2,680.88. From this were deducted proceeds of sales, $1,581.95, leaving a balance of $1,098.93. There were then alternate additions of interest and credits of sales until the balance due was $127.43 on December 1, 1887. To the amount last named there was added “indebtedness of note due F. N. Gibson, principal and interest at nine per cent to December 1, 1887, $1,981.75.” The sum of $127.43 and the sum of $1,981.75 were added together and upon this total there were credited “proceeds of sales for November, 1887, $212.95.” By reason of interest accrued and credits for sales this amount was reduced to $145.88 on May 1, 1888. This balance, to constitute a new principal, was added to $5,914.52, described as “amount due on claim Connecticut River Savings Bank, July 1, 1887.” To this was added interest on the last named amount to May 1,1888, $443.50. The grand total thus made up Avas then credited [658] with sales to May 1, 1888, $1,050, and thereafter were additions of accruing interest and reductions by amount of sales alternately, until on December 15, 1892, there still remained a balance of $3,209.21. To this was added the commission allowed the trustee for his services, of the sum of $515. In this way there was ascertained, as expressed in the above mentioned computation, the “Total amount due, which is a lien on the real estate held by the trustee, $3,751.21.” It has already been stated that by the court it was “ordered, adjudged, and decreed that there is due the defendant Gibson from the plaintiff John M. Carter the sum of $3,751.21.” This was, in terms, made a lien on the lands in the aforesaid decree described as still remaining unsold. As the finding of facts was referred to in the judgment entry as constituting a part thereof, there is no impropriety in making reference to it for the purpose of rendering clear the matters hereinafter to be discussed.

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Carter v. Gibson, 66 N.W. 631, 47 Neb. 655, 1896 Neb. LEXIS 629 (Neb. 1896).

66 N.W. 631 (Carter v. Gibson) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

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