Columbia National Bank v. Baldwin

90 N.W. 890, 64 Neb. 732, 1902 Neb. LEXIS 244
Nebraska Supreme Court·Decided May 21, 1902·No. No. 11,425·Published·Cited by 6 cases

Opinion

Hastings, C.

A very extensive record is presented in this creditors’ bill case. The particular matters in dispute are whether lot 12 in block 62 in Lincoln, Nebraska, was conveyed to Mattson H. Baldwin by his parents in discharge of a parol trust imposed by their grantor, A. J. Mattson; what was the actual consideration for certain real estate in Prophets-town, Illinois, also conveyed to him in 1894 by his parents; what was thé real consideration for conveyances by the same parties of real and personal property in 1895 and 1896 for a nominal consideration of about $70,000; the value of the several items of property transferred to the son by his father and mother, and the good faith of the indebtedness claimed as the consideration of the transfers.

One important contention is as to whether or not the consideration named in a conveyance is conclusive upon the parties when that conveyance is attacked for fraud. [734] The finding of the referee that lot 12 in block 62 in Lincoln, was conveyed to the parents, the Baldwins, not in trust for their son, but in fee simple, is earnestly assathed both as to the facts and as to the legal conclusions found by the referee.

By agreement of parties, Hon. J. R. Webster was appointed as referee to find both the facts and the law of this case. His findings, after the merely formal ones as to the location and incorporation of plaintiff; its recovery of a small judgment against Fred W. Baldwin in July, 1896; the filing of a transcript thereof, execution thereon and proceedings in aid of execution; and the recovery in December, 1896, of a judgment against both Fred W. BaldAvin and Ida M. BaldAvin for $7,931.24 and costs on a note dated April 17, 1896, due May 27, 1896, the last renewal of a series of notes beginning November 26, 1894, by which notes Ida M. Baldwin pledged her separate estate, and whose consideration was a previously existing debt of Fred W. BaldAvin,—continue:

“At the time said indebtedness accrued and the first of said series of notes was made by said Fred W. Baldwin and Ida M. Baldwin, and prior and subsequent thereto, until about March 10, 1896, said Ida M. BaldAvin and Fred W. Baldwin were each OAvners of a large amount of real and personal property of aggregate value of about $100,000.
“ (a.) Ida M. Baldwin was owner in her* separate right of lot 22 in "Wallingford & Shamp’s subdivision, and lots 1 and 2 in block 9 of O. C. Burr’s subdivision, all in Lancaster county; also of a mortgage foreclosure judgment in this court in suit of Ida M. Baldwin versus Caroline Purdue against, lot 2 in Wallingford & Shamp’s subdivision, recovered on a mortgage payable to said Ida M. Baldwin. Said real properties, by deeds bearing dates and reciting considerations, respectively, June 15, 1895, $1,200, June 20, 1895, $3,500, said Ida M. Baldwin and husband conveyed to defendant Mattson H. Baldwin; and said foreclosure judgment and her bid made on sheriff’s sale of the [735] mortgaged premises, she assigned to said Mattson H. Baldwin, whereby, after confirmation of sale, he obtained a sheriff’s deed conveying him title to said Pnrdne lot, 2 in Wallingford & Shamp’s subdivision.
“(6.) Said Fred W. Baldwin was owner of lot 4 in block 5 of Houtz & Baldwin’s subdivision, lots 1 and 2, block 4, Capital addition, lots 11 and 12, block 99, of Lincoln, and lots 1 and 22 of Fairbrother’s subdivision; and said real estate, by deeds bearing date and reciting considerations, viz., June 20th, $500; June 20th, $3,000; June 20th, $--; September 18th, $2,500,—executed by himself and his wife, Ida M. Baldwin, was conveyed to Mattson H. Baldwin. Said Fred W. Baldwin was also owner of the north half of north half of section 10, and the southwest quarter of section 3, township 11 north, range 5 east, called the‘North Farm,’mortgaged for $4,000, and the south half of northeast quarter of section 23 in township 9 north, range 6 east, known as ‘Meadow Brook’ or ‘South Farm,’ mortgaged for $3,000, and by deed bearing date March 18, 1895, for a consideration expressed at $10,000, conveyed the ‘North Farm,’ and by deed dated September 18th, for a consideration expressed at $6,000 (both deeds being acknowledged September 18, 1895) conveyed the ‘South Farm,’ to Mattson H. Baldwin; the mortgages being accounted as part of the consideration. AH' the stock and chattels of the ‘South Farm’ Fred W. Baldwin, by bill of sale dated June 20, 1895, for a consideration expressed of $6,000, and all the chattels and stock on the ‘North Farm,’ by bill of sale dated February 18, 1896, for a consideration expressed of $1,500, and all his office furniture, safe, family carriages, and horses and trappings, by bill of sale of date February 1, 1896, for a consideration expressed of $500, conveyed and set over to defendant Mattson H. Baldwin.
“(c.) Said Fred W. Baldwin and Ida M. Baldwin, by deed conveying to them jointly, were owners of lot 12 in block 62 in the city of Lincoln, and by deed bearing date September 10,1895, reciting a consideration of $8,000, conveyed the same to said Mattson H. Baldwin.”

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Columbia National Bank v. Baldwin, 90 N.W. 890, 64 Neb. 732, 1902 Neb. LEXIS 244 (Neb. 1902).

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