Dinsmore v. Racine & Mississippi Railroad

12 Wis. 649
Wisconsin Supreme Court·Decided June 15, 1860·Published·Cited by 15 cases

Opinion

By the Court,

Cole, J.

In tire case of The Farmers' Loan & Trust Company vs. The Commercial Bank (unreported), we Rad occasion to consider, to some extent, the conditions of the mortgages made by the Racine & Mississippi R. R. Co. to the Farmers’ Loan & Trust Company, and to determine whether certain property in controversy between the bank and the loan and trust company, were embraced within the terms of those mortgages. The property in that case consisted of certain railroad chairs, or irons used in fastening down the rails, which were acquired by the railroad company subsequent to the execution of the mortgages to the loan and trust company, and which had never been attached to or become affixed upon the road-bed. We did not think there was any language in the mortgages, which, by any fair construction, could be said to include the chairs thus acquired and thus situated, and we therefore held that the loan company could not recover possession of them by virtue of the mortgages. A motion for a rehearing has been made in that case, and three very able and elaborate arguments have been filed by the counsel for the loan company, in which the correctness of the reasoning and the soundness of the decision in that case are called in question. But I must sa,y that, after a careful reading of those arguments, and an examination of the authorities cited, I still think that the railroad chairs wrere not covered by the terms of the mortgages. The reasons for this conclusion are quite fully given in the opinion filed, and I deem it unnecessary to repeat or enlarge upon them here.

But if it would be unreasonable so to construe the terms of the mortgages as to make them include the property claimed in that case, it appears to me it would be doing greater violence to the language of those instruments to say that the parties intended they should embrace the lands in controversy in this case. It is admitted that the lands described in the mortgage mentioned in the respondent’s complaint, were [654] " company after tire execution of the mortgage given by the railroad to the loan, company upon the first division of the road; that these lands consist of nearly three hundred acres of woodland situated about seven miles from the road track ; and that these lands were purchased and used by the railroad company for the purpose of getting wood and timber off the same to be used on their road. The clause in the mortgage given by the railroad company to the Farmers’ Loan & Trust Company, which must include these woodlands — if they are embraced in it — ■ is the following: The railroad company granted and sold, &c., to the Farmer’s Loan & Trust Co., all their railroad, with its superstructure, track and all other appurtenances, made or to be made in the state of Wisconsin, from its eastern termination in the city of Racine, to its western termination in the town of Beloit, and all the right and title of the said parties of the first part, to the land on which said railroad is and may be constructed, together with all rights of way now acquired and obtained, or hereafter to be acquired or obtained by the said parties of the first part, and including the depots, engine houses, shops and other constructions at the city of Racine aforesaid, and at said town of Beloit, and all other places along the line of said railroad, and the lots, pieces or parcels of land on which the same are or may be erected, and all the pieces of land which shall be used for depot and station purposes, with the appurtenances, and all the embankments, bridges, viaducts, culverts, fences, and structuary thereon, and all other appurtenances belonging thereto, and all the franchises, privileges and rights of the said parties of the first part, of, in, and to or concerning the same, * * * to have and to hold the said premises and every part thereof, with the appurtenances, unto the said parties of the second part,” for the objects and trusts therein declared.

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Dinsmore v. Racine & Mississippi Railroad, 12 Wis. 649 (Wis. 1860).

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