Crouse v. Judson

41 Misc. 338, 84 N.Y.S. 755
CourtNew York Supreme Court
DecidedAugust 15, 1903
StatusPublished
Cited by10 cases

This text of 41 Misc. 338 (Crouse v. Judson) is published on Counsel Stack Legal Research, covering New York Supreme Court primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Crouse v. Judson, 41 Misc. 338, 84 N.Y.S. 755 (N.Y. Super. Ct. 1903).

Opinion

Wright, J.

On September 22, 1892, the deceased, George R Crouse, wrote to Flower & Go., brokers in ¡New York, instructing thém to buy 200 shares of New York Air Brake stock, and to have the certificates of stock issued in the name of his daughter Florence B. Grouse, now Florence Grouse Clark, who was an infant of twelve years of age. He in-, closed a draft for $6,000 in full payment for the same, which amount was placed to his credit and two certificates each for 100 shares were delivered to him, made out in his daughter’s name. They were a part of the original issue of cer[340]*340tificates and were entered on the books of the Air Brake Company in her name.

These stock certificates were found by the administrators, Charles E. Crouse and Mrs. George N. Crouse, in a box of the deceased in the Onondaga Trust & Deposit Company’s vault. They delivered them to the defendant E. B. Judson, the guardian of the children of the intestate. Judson sold Ihe stock for $19,317.05, and holds the money for the person who may be adjudged to be the rightful owner. In the box in which the stock was found, there were also various articles of property belonging to other members of the family. An opal ring belonging to Mrs. Crouse was found there; also a pearl pin, a watch with the initials F. B. C. on it, and a string of coral beads, all belonging to the defendant Florence Crouse Clark. The pin and the watch were turned over to her, but the mother kept the beads. The defendant Florence Crouse Clark testified on the trial that when Mr. Barnes, the secretary of the trust and deposit company, took the certificates out of the box of that company, he said, in the presence of the administrators, Mrs. Crouse and Charles E. Crouse (who were then engaged in their duties in ascertaining the property of the estate) : ■ These don’t belong to George FT. Crouse, they are marked Florence Crouse, and what are they ? ” And that she, Florence, thereupon said: “ They are mine.” And that her mother Mrs. Crouse thereupon said: That stock was given to little Florence by her father.” Doctor Van Duyne, a close friend of the Crouse family, testified that Mr. Crouse told him that he had given to little Florence some stock. A letter was given in evidence by the plaintiff written by the defendant Florence Grouse Clark, to her father, in which she refers to the Air Brake exhibit at the World’s Fair at Chicago as: The one I have the stock in or at least is in my name.” And stating further, “ I was interested in the large air brake exhibit.”

These certificates constituted a part of the original issue of stock of the Air Brake Company, and were the only certificates of stock found by the administrators standing in the name of Florence. After the administrators found this [341]*341stock in the vault of the trust and deposit company as above stated, an inventory of the property of the estate was made, containing a statement of personal property valued at over $348,000, and composed largely of stocks, no mention being made therein of this stock in question. The administrator and administratrix each verified the inventory in due form to the effect, “ That it contains a true statement of all the personal property of the estate of George E. Crouse, deceased, that has come to my knowledge.”

The plaintiff, Charles E. Crouse, testifies respecting the conversation between Mr. Barnes, Mrs. Crouse and Florence that Mrs. Crouse said: This stock had been put in the name of her daughter by her husband to save its being assessed in the case the Air Brake stock was not good. It was put in her name for a purpose.” The witness further adds: They were having as I understood at the time, a suit with the Westinghouse people.”'

Respecting this version of the conversation given by the plaintiff, it may be remarked that it is difficult to see an adequate motive on the part of Mr. George E. Crouse to purchase this stock at all, paying the market price, if he apprehended an immediate liability to an assessment thereon, thus depreciating its value. Further, Mr. Crouse was en- . gaged in active business, and dealt considerably in Wall street securities and stocks. That he should place this stock out of his power to dispose of it or use it in business during the minority of his daughter solely for the purpose of avoiding an assessment thereon, as suggested, does not seem probable. In view of all the uncontradicted evidence, I am of opinion that' the version of this conversation given by the defendant Florence Crouse Clark, is the more probable one, and I therefore adopt it. And the uncontradicted evidence also leads to the conclusion that the deceased in his statement to Dr. Van Duyne. referred to this stock in question.

The statement of Mrs. Crouse, above referred to, although it is not conclusive on the surviving administrator, yet having been made while the administrators were engaged in the performance of their duties respecting the estate, and in as[342]*342certaining what property belonged to it, it is proper for consideration, and should have its due weight. Breese v. Graves, 67 App. Div. 322. And the same rule applies to the act of the administrators in omitting from the inventory all -mention of this stock in question.

The only question involved in the case is: Should a delivery of the stock as a gift be inferred from all the facts, which vested the title to the stock in the defendant Florence Grouse Clark?

To constitute a valid gift there must be an intent to give on the part of the donor a delivery of the thing given in pursuance of such intent, and acceptance on the part of the donee. Delivery may be either actual dr constructive; it must divest the donor of possession and dominion over the thing given. Beaver v. Beaver, 117 N. Y. 421; Schwind v. Ibert, 60 App. Div. 378; Gilkinson v. Third Ave. R. R. Co., 47 id. 472. It must be secundum subjectam materiam and be the true and effectual way of obtaining the command and dominion of the subject. Fulton v. Fulton, 48 Barb. 581. It depends to some extent on the character of the thing given and the relative situation of the parties. Matter of Wachter, 16 Misc. Rep. 137. There must be a positive change of possession and the donor must have put it out of his power to recall the gift or repossess himself of its subject-matter. Little v. Willets, 55 Barb. 125. Enough must be done to pass the title and the act of transfer must be consummated. Martin v. Funk, 75 N. Y. 134; Gannon v. McGuire, 22 App. Div. 43. It must be shown that the decedent intended to divest himself of title in favor of the donee, and also that he accompanied his intent by delivery. Matter of O’Connell, 33 App. Div. 483. Any act of the owner of a chose in action, showing not only a present intention to transfer, but that he regarded himself as having carried his intention into effect, is sufficient. Malone’s Estate, 13 Phila. (Pa.) 313.

The words “ given ” or “ have given ” and like expressions, in connection with other facts, have a forcible signification when the question of gift arises, as the following au[343]*343thorities illustrate: In Matter of Townsend, 5 Dem. 147, it appeared that A purchased bonds which he caused to be registered in B’s name. The income from them he deposited in B’s name. A said at various times that he wished to create a fund for B’s benefit. A retained possession of the bonds and they were found among his papers after his death. Held, that B took title thereto by gift.

In the case of Grangiac v. Arden, 10 Johns.

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Bluebook (online)
41 Misc. 338, 84 N.Y.S. 755, Counsel Stack Legal Research, https://law.counselstack.com/opinion/crouse-v-judson-nysupct-1903.