Cole v. Armour

55 S.W. 476, 154 Mo. 333, 1900 Mo. LEXIS 178
CourtSupreme Court of Missouri
DecidedFebruary 20, 1900
StatusPublished
Cited by52 cases

This text of 55 S.W. 476 (Cole v. Armour) is published on Counsel Stack Legal Research, covering Supreme Court of Missouri primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Cole v. Armour, 55 S.W. 476, 154 Mo. 333, 1900 Mo. LEXIS 178 (Mo. 1900).

Opinion

IN DIVISION ONE.

MARSHALL, J.

Prior to 1870, Thomas O. Cole and his brother, the plaintiff, James O. Cole, lived in Milwaukee. In that year Thomas moved to Kansas City, Mo., and entered the employ of Plankington & Armour, now the Armour Packing Co., and remained in such employ until his death, having for many years been one of their highest salaried men. Soon after his removal to Missouri, Thomas acquired a ranch in Lincoln county, Kansas, and in 1874, James sold some property he owned in Wisconsin for some thirty-six hundred dollars, and moved to Kansas and became the manager of the ranch aforesaid.

The evidence is conflicting as to whether he was the manager for or the partner of his brother. In 1884, the ranch consisted of 3,949 acres, of which 640 acres stood in the name of James, and the evidence is also conflicting as to whether James paid for this 640 acres or whether Thomas did so.

On the 8th of March, 1884, Thomas entered into the following contract of sale of the ranch to J. F. Corle, of Kansas City:

“This memorandum of agreement made and entered into this eighth day of March, A. D. 1884, by and between T. C. Cole and J. F. Corle, both of the City of Kansas, county of Jackson and state of Missouri, WITNESSETH:

“First. The said Cole has this day sold to said'Corle [337]*337four hundred and fifty-two cattle, more or less, the exact number to be determined by actual count at the time of delivery on the ranch, at the price and sum of thirty dollars per head, spring calves not to be counted. Also twenty-six horses, mules and colts, more or less, the exact number to be ascertained by count, after said Cole has reserved such of said ponies as he desires to keep, at the price and sum of fifty dollars per head. Also all the farm machinery, harness, corn, rye, wagons, buggies, car of fence wire and posts, without extra charge.

“Also three thousand nine hundred and forty-nine acres of land, at the price ■ and sum of ten dollars per acre. Said land is situated in the county of Lincoln and state of Kansas, and is particularly described as follows: The west half of the northwest quarter of section sixteen, all of sections seventeen, eighteen and nineteen, the west half of section twenty, all of section twenty-one except the northeast quarter, the north half of section twenty-two, all of section twenty-nine, the northeast quarter of section thirty; fifteen acres excess in the northwest quarter of section eighteen, fourteen acres excess in the southwest quarter of section eighteen, all of the said real estate being in township twelve and range nine, west.

“Second. In consideration of the foregoing sale by said Cole, the said Corle, in payment therefor, has this day sold to said Cole the following described real estate, situate in the county of Jackson and state of Missouri, to wit: Lots twenty-seven, twenty-eight, twenty-nine, and thirty, in block forty, in Turner & Company’s addition to the City of Kansas.

“ITpon this property is a deed of trust securing the payment of five notes of fifty-five hundred dollars each, due August 9th, 1884, 1885, 188G, 1887 and 1888 respectively, bearing interest at the rate of five per cent per annum, payable semiannually. This deed of trust and the notes secured thereby are to be assumed by said Cole, the said Corle paying [338]*338him the interest thereon from February 9th, 1884, to the time of closing this transaction and exchanging deeds. This real estate of said Corle is put into the trade, after deducting the notes assumed by said Cole, as aforesaid, at the sum of forty-four thousand five hundred dollars, and the remainder of the purchase price for said Cole’s property is to be paid by said Corle in cash, amounting to about nine thousand eight hundred and fifty dollars.

“Third. Said Corle is to furnish said Cole a complete abstract of title to his said property from the United States down to date, and the same is to be submitted to Lathrop & Smith, for examination, and the title shall be subject to their approval. Said Corle shall also furnish said Cole such certificates as to judgments and taxes as shall be required by said Lathrop & Smith.

“Upon approval of title, said Corle 'shall execute and deliver a good and sufficient warranty deed to said property to said Cole, excepting only said deed of trust hereinbefore referred to, and special taxes for paving Union avenue.

“If said title be disapproved by said Lathrop & Smith, the contract shall be canceled.

“Said Cole is to furnish said Corle complete abstract of title to his said property and certificates as to judgments.

“Fourth. Upon- delivery of said deed, the said- Cole shall deliver a bill of sale and turn over actual possession of the personal property hereinbefore described to said Corle at the ranch in Lincoln county, Kansas, and shall deliver to said Corle a good and sufficient warranty deed to the real estate in said county, above particularly described.

“Fifth. Each party shall pay the taxes for 1884 on the property now owned by him.

“Sixth. The said T. C. Cole shall have his brother, J ames C. Cole, now in charge of his ranch, remain in charge thereof until the first day of July, A. D. 1884, and the said Corle agrees to retain him until that time and pay him the [339]*339sum of one hundred and twenty-five dollars per month for his services from the time the said property is conveyed to him.

“Seventh. The said Oorle agrees to buy all the meat, lard, provisions and furniture at the ranch at such prices as may be agreed upon between the said James O. Oole and himself.

“Eighth. Exchange of properties by delivery of proper conveyances turning over possession of personal property and payment of amount of money required, shall be made on or before the twentieth day of March, A. D. 1884; provided, however, that if either party should require additional deeds or other evidences of title, a reasonable time thereafter shall be allowed to procure the same.

“Witness our hands the day and year first above written.

“It is agreed that possession of said cattle, horses, mules, camp outfit and ranch property, and the ranch shall be turned over by said Oole to said Oorle on the 11th day of March, A. D. 1884, he assuming the expense and'management thereof from that day, and the said Oorle shall turn over to said Cole possession of his said real,estate in Kansas City on the same day, interest being paid by said Oorle on the notes secured by deed of trust to that date, and the said Oole taking the rents from said 11th day of March, 1884.

“This exchange of properties shall depend upon approval of title as hereinbefore provided.”

The total value of the property turned over to Thomas by Corle, according to the testimony of the latter, was $82,428,47, which was made up of the following items:

Real estate in Kansas Oity..................$72,000.00

Corle’s check to Thomas, cash................ 7,752.05

Note of Thomas held by Oorle................ 2,100.00

Interest on said note ...................... 158.66

19 days’ rent on Kansas Oity real estate........ 45.76

TTnexpired insurance on Kansas City real estate. 381,77

Total..........................$82,438.24

[340]

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Bluebook (online)
55 S.W. 476, 154 Mo. 333, 1900 Mo. LEXIS 178, Counsel Stack Legal Research, https://law.counselstack.com/opinion/cole-v-armour-mo-1900.