Eastern States Agricultural & Industrial League v. Estate of Vail

124 A. 568, 97 Vt. 495, 1924 Vt. LEXIS 189
CourtSupreme Court of Vermont
DecidedMay 7, 1924
StatusPublished
Cited by25 cases

This text of 124 A. 568 (Eastern States Agricultural & Industrial League v. Estate of Vail) is published on Counsel Stack Legal Research, covering Supreme Court of Vermont primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Eastern States Agricultural & Industrial League v. Estate of Vail, 124 A. 568, 97 Vt. 495, 1924 Vt. LEXIS 189 (Vt. 1924).

Opinion

*500 Taylor, J.

This is an appeal from the allowance by commissioners of a claim against the estate of the late Theodore N Vail. The trial was by the court and the plaintiff had judgment on the facts found. The defendant argues on review certain exceptions to the judgment, to the admission of evidence, and to the findings of fact.

The claim in litigation is based on a subscription agreement signed by Mr. Vail and others as contributors to a fund being raised for the use and benefit of the Boys’ and Girls’ Department of the plaintiff hereinafter referred to as’ the League, of which *501 the name was later changed to the Junior Achievement Bureau. Mr. Vail had been identified with the plaintiff corporation,- was its vice-president and was particularly interested in the work carried on in this department, being chairman of the committee having charge thereof. In conjunction with the .president and general manager of the League, he had devised plans for work with the boys and girls in the ten Eastern States. In May, 1919, he submitted the plans to a Mr. Benson, who was engaged in boys’ and girls’ work under the government and solicited him to give up his position in Washington to act as director of the proposed department of the League. The negotiations resulted in a meeting in Springfield, Mass., on September 5, 1919, of persons who had become interested in the movement. Mr. Vail presided over and addressed the meeting. At his request Mr. Benson submitted a program of proposed work covering a period of five years and requiring $50,000 for the first year. As a result of this conference the agreement on which the plaintiff’s claim is based was prepared and executed. We quote so much of it as is material to the review:

“Agreement made this fifth day of September, 1919, be^ tween the Eastern States Agricultural and Industrial League, a corportion (hereinafter referred to as the League), party of the first part, and those persons, firms and corporations who shall, by subscribing to this instrument or to duplicates thereof, become parties hereto (hereinafter referred to as the subscribers), parties of the second part. This agreement witnesseth: That the subscribers, each for himself and not for any other subscriber, on condition that the sums paid hereunder shall be used by and for the benefit of the Boys’ and Girls’ Department of said League, hereby agree with the other subscribers that they will contribute and pay to the League annually during the calendar years 1920, 1921, 1922, 1923 and 1924 a sum not exceeding the amount set opposite their respective names. It is understood that the agreement entered into hereunder by the subscribers shall be subject to the following provisions, conditions and- limitations, to wit: 1. The liability of the subscribers shall be several and not joint * * * and his obligation to pay shall not be fixed and binding until bona fide subscriptions to-the amount of fifty thousand dollars annual payments shall have been made.
*502 2. The League shall not demand of the subscribers nor shall the said subscribers to this contract be required to pay a total aggregate sum of more than fifty thousand dollars the first calendar year, and thereafter annually only the proportionate amount which the appropriation for said Boys’ and Girls’ Department of said corporation for the particular year shall bear to the aggregate subscriptions hereto * * *.
3. The amount agreed or required annually to be paid by each subscriber shall be due and payable to the Treasurer of the League at its office in Springfield, Massachusetts, in five equal payments each upon a written demand therefor made by the Treasurer at least ten days prior to the date specified for such payment. In consideration of the foregoing, the League agrees with the subscribers and each of them that all money received by it, in accordance with the provisions of this agreement, shall be used in the Boys’ and Girls’ Department of the League, and shall be applied to the support, maintenance and extension of the work carried on in the Boys’ and Gii'ls’ Department. This agreement shall inure to the benefit of and be binding upon the heirs, executors, administrators and successors of the prospective parties hereto.”

The agreement was executed by the plaintiff and by Mr. Vail and fifteen other subscribers who were present at the meeting. The sums there pledged aggregated $44,000, of which Mr. Yail subscribed $15,000. The writing bears one seal affixed opposite Mr. Vail’s signature. It recites that the subscribers have adopted one seal as a common seal. Subsequent to September 5, 1919, and prior to the date of Mr. Yail’s death which occurred April 16, 1920, nine subscriptions amounting to $3,100 were obtained to the original agreement. During the same time thirteen additional subscriptions aggregating $2,700 were made by individual agreements which, except as to date, .were, in the language of the finding, ‘ ‘ exact counterparts ’ ’ of the original agreement. None of the foregoing subscriptions are questioned except that of McCullum Hoisery Co., of $100. The defendant claims a shortage of $300 in the amount of subscriptions necessary to give the contract force as against Mr. Yail or his estate. Whether there was such a shortage depends upon the effect to be given other subscriptions. In response to a letter written by Mr. Moses, the plaintiff’s president, Simonds Manufacturing Co. re *503 sponded October 14, 1919, by letter enclosing a check for $1,000 in lieu of an annual subscription of $200, stating that it was all paid at once, as they did not care to have the matter come up each year. Likewise, under date of October 30, 1919, Harry S. Kelsey addressed a letter to Mr. Moses as president of the Strathmore Paper Co. in which he directed Mr. Moses to “record my yearly pledge of $500 for a term of 5 years toward the Boy and Girl Extension Work.” These subscriptions are challenged as not answering the requirements of bona fide subscriptions ruider the original agreement, and that of the Simonds Mfg. Co. ( as also the subscription of the McCullum Hosiery Co. referred to above) on the further ground that the power of the company to make such a donation and the authority of the person assuming to act for it, had not been shown. Subsequent to Mr. Vail’s death subscriptions aggregating $5,850 were obtained to the original agreement; and two subscriptions of $500 each, one June 12, 1920, and the other July 28, 1920, were made by individual agreements in the same form as the original agreement. It is claimed that none of the subscriptions secured after Mr. Vail’s death can be relied upon to charge his estate; that Mr. Vail was not bound under the contract in his lifetime; and that until bona fide subscriptions to the amount required had been made the agreement was revocable and as to Mr. Vail was revoked by his death.

Subsequent to September 5, 1919, Mr. Vail continued to act as chairman of the Boys’ and Girls’ committee and the activities of the department were carried on to the time of his death under his immediate supervision. He told Mr.

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Bluebook (online)
124 A. 568, 97 Vt. 495, 1924 Vt. LEXIS 189, Counsel Stack Legal Research, https://law.counselstack.com/opinion/eastern-states-agricultural-industrial-league-v-estate-of-vail-vt-1924.