Feamster v. Withrow

9 W. Va. 296, 1876 W. Va. LEXIS 34
West Virginia Supreme Court·Decided September 9, 1876·Published·Cited by 17 cases

Opinion

HaYMOND, PRESIDENT :

On the twenty-eighth* day 'of • October, 1870, Thomas L. Feamster and Louisa, his wife, and S. W. N. Féam-ster, filed their bill, with an order of injunction thereon granted by a judge of the circuit court, in the circuit court of the county of Greenbrier, against James With-row, trustee, Samuel C. Ludington', and others, in which it is substantially alleged that said Thomas L. Feamster, to secure certain of his creditors, on the second day of October, 1860, executed to James Withrow, as trustee, a deed for a large amount of properly, both real and personal. An official copy of the deed is filed with the bill, as an'exhibit and as part thereof,'from which'it appears that the said deed is of the date last aforesaid, and was-duly admitted to record, in the clerk’s office of the county court of Greenbrier’, on the sixth day of October,'1860.

By the deed, it appears that said Thomas L. Feamster granted unto the said Withrow the following property, viz.: All the said Feanister’s portion of the Arbuclde farm, lying near Lewisburg, which was allotted to him (Feamster) in the division of his father’s estate (said portion amounting to one hundred and sixty-two acres), one woman slave, Maria, and her three- children, a tract of about fifteen hundred acres of wild-land, lying near the [299] White Sulphur Springs; a.tract of about-' sis hundred acres of land -in Nicholas county,, near C. Bright’s; a tract of land in Monroe county, worth about $150; all the said Feamster’s interest in the.old.Donnally property, together with all the said Feamster’s cattle, horses, mules,- and stock of every description, and all his furniture and farming utensils, -in trust to secure the 'following debts,* viz. :

A debt of-fp 1800, due to Matthew Mann, and payable orn the twenty-third day of Fébruaiy, 1861,-for which he-holds a negotiable note, 'made -payable to Samuel C. Ludington, and endorsed by him and D. H. Stalnaker, and to indemnify, secure, and save harmless the said Ludington and Stalnaker from any loss or liability which may have accrued, or may accrue, to them,, or either of them, as securities or endorsers upon said note; to secure a debt of $1,300, due the Farmers Bank of Virginia, by negotiable note, endorsed by Samuel C. Ludington, Daniel H. Stalnaker, and William H..' Montgomery, and to indemnify, secure, and save harmless, the said Ludington, Stalnaker, and Montgomery, from any loss or liability which may have accrued, or may accrue, to them, or either of them, as securities or endorsers upon-said $1,300-note-; to secure a debt, .of' $3,500, due the Bank of Virginia, by negotiable note, executed by Thomas L. Feamster and S. W. N. Feamster (for the benefit of the former), and endorsed by J.-M. Alderson, Samuel C. Ludington, -D. H. Stalnaker, and Thomas Creigh, and to indemnify-, secure, and save harmless, the said S. W. N. Feamster, J. M. Alderson, Ludington, and Creigh, from any loss or liability which •has accrued, or may accrue, to them as securities or endorsers upon this note ; to secure a debt of $200, due the: Bank of Virginia, by note endorsed by Joseph A. Feam-ster and William EL Montgomery, and to indemnify, secure, and save harmless, the said Joseph A. Feamster and Montgomery from any loss or liability which has accrued, or may accrue, to them, or either of them, as his [300] securities or endorsers upon this note ; to secure a deht 'of about- $2,000, a balance upon a debt of $4,500, due the Farmers’ Bank of Virginia, by note endorsed by Joseph A. Feamster, S. W. N. Feamster, Patsy Feamster, and John M. Alderson, and indemnify, secure, and save harmless, the said Joseph A., S. V. N., and Patsy Fearmtcr, and J. M. Alderson, from any loss or liability which may have accrued, or may accrue, to them, or either of them, as securities or endorsers upon this note; to secure a debt of about $904, due William H. Dickson, for which Samuel C. Ludington and D. H. Stalnaker are securities and endorsers, to indemnify, secure, and save harmless, the said Ludington -and Stalnaker from any loss or liability which -may have accrued, or may accrue, to them, -or either of them, as securities or endorsers for this debt; and to secure Patsy Feamster whatever may be due her (which sum is not now known), either in her own right, or as guardian for her daughters by said Thomas L. Feamstei’, for money coming to, or due, her or them, .from their father’s estate; and to secure to Mrs. Feamster., in her own right, and as guardian of her children, any amount which is justly due her, or them, from said Thomas L. Feamster; and to secure to Mrs. M. B. White, or to her husband, any amount that- may be justly due him, or her (the amount not. now being ascertained), from the said Feamster, as trustee, for her interest in her father’s estate; and also to indemnify, secure, and save harmless, the said Stalnaker, Luding-ton, S. W. N. Feamster, Patsy Feamster, and J. M. Alderson, for any loss or liability which has accrued, or may accrue, to them, or either of them, as the securities or endorsers of the said Thomas L. Feamster, for any and every other debt (as there may be some other's not now recollected); and to securea debt of about $1,400, due Meadow, for which Stalnaker and Ludington are endorsers or securities, and to indemnify, secure, and save harmless, the said D. PI. Stalnaker and Samuel C. Lud-ington from any loss or liability which has accrued, or [301] may accrue, to them,, or either of them, as endorsers or securities for- this debt; a-l'so to secure a debt o-f about $425, due Williams, for which S., W. N. Feamster is se-curi-ty, and to. indemnify, secure, and save harmless, the said S. W. N.- Feamster from any loss or liability which has accrued, or may accrue, to him' as the security or endorser for this debt (these last two debts of $1,400 and $425 being recollected since- the general clause of indemnity for Stalnaker and Ludington, &c., as his securities, and shewing the propriety of such clause).

The trustee is authorized, at the expiration of twelve mouths, to sell the property conveyed, upon a notice of thirty days, for cash, if, at the expiration of that time, the- said debts- are not- paid, or if the securities or indors-ers of said T. L. Feamster, have at any time sustained any loss, or incurred any liability on his account, — the proceeds of sale-to be applied to the payment of said debts, and the indemnity of said securities-and endorsers, on account of said debts.

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Feamster v. Withrow, 9 W. Va. 296, 1876 W. Va. LEXIS 34 (W. Va. 1876).

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