German-American Bank v. Dorthy

39 A.D. 166, 57 N.Y.S. 172
Appellate Division of the Supreme Court of the State of New York·Decided July 1, 1899·Published·Cited by 4 cases

Opinion

Per Curiam :

The notice of motion does not state specifically any grounds of irregularity according to rule 37 of the General Rules of Practice, which prescribes as follows: “ When the motion is for irregularity, the notice or order shall specify the irregularity complained of.” (Wheeler v. Brady, 2 Hun, 347.) It is not sufficient to state the supposed irregularity in the moving affidavits only. (Montrait v. Hutchins, 49 How. Pr. 105; Lewis v. Graham, 16 Abb. Pr. 126.)

(2) By the terms of the order a resale was ordered in the event that the appellant complied with certain. conditions mentioned therein. By the affidavits used upon the motion, it appeared that the ten-eighteenths of the fifty acres and a fraction were sold on the twenty-first of June at public auction for the sum of $12,600. Upon the whole premises there was a prior mortgage of $28,000, subject to which mortgage the sale of the ten-eighteenths was made. It is, therefore, apparent that at the sale the property was bid off by [169] the plaintiff at a sum equivalent to $1,000 an acre or $50,000 for the fifty acres and a fraction.

The appellant in his affidavit stated that in his opinion the property was worth “ at least the sum of eighteen hundred dollars ” per acre; and he further stated “I will agree to produce financially responsible bidders who, if necessary, in order to protect said property, would bid at least sixteen hundred dollars per acre therefor, and I hereby offer, upon being required to do so, to make a valid agreement to that effect.”

The appellant read several affidavits which stated the opinion of the witnesses as to the property, and “ its intrinsic value.”

The affidavit of Rich says: “ Its intrinsic value is the sum of $2,000 per acre.”

The affidavit of Sanborn says, viz.: “The present intrinsic value of the said Bleyle fifty acres is not less than the sum ,of $2,100.00 per acre.”

The affidavit of Norris says: “Its present intrinsic value is at least the sum of $2250.00 per acre.”

The affidavit of John C. Graves is to the effect, viz.: “ That in my opinion the fifty acre piece of ground known as the Bleyle farm, just north of city line, is worth $2,000 per acre.”

Cornell’s affidavit says: “ Its present intrinsic value is the sum of $2500.00 per acre at least.”

The affidavit of Cunningham states: “ Its present intrinsic value is the sum of $2,000.00 per acre.”

The affidavit of Edwards states: “ Its present intrinsic value is the sum of $2,000 per acre.”

Johnston’s affidavit says : “ Its present intrinsic value is the sum of $2,000 per acre.”

Cook’s affidavit says: “ Its present intrinsic value is the sum of $2,100 per acre.”

Lobdell’s affidavit says: “ Its present intrinsic value.is the sum of $2,000 per acre.”

The affidavit of Stewart says: “ Its present intrinsic value is at least the sum of $2,000 per acre.”

The affidavit of Willoughby and Wilson says: “ Its present intrinsic value is the sum of $2,000.00 per acre.”

[170] The appellant, in an affidavit made the 5th day of August, 1898, says, viz.: “ I have made arrangements to raise the money to purchase the ten-eighteenths interest described in the motion papers and which was sold June 21st, 1898, for twelve thousand six hundred dollars ($12,600). I am prepared by having five days time to pay for said ten-eighteenths interest at least the sum of fifteen thousand dollars ($15,000) provided a valid deed thereof can be given. I further say that 1 herein now make said offer of fifteen thousand dollars and state that I am authorized to do so by a person who is amply able, financially, to furnish the funds for that purpose.”

Mr. Oakes says in his affidavit that “said fifty acre parcel is at present worth at least eighteen hundred ($1,800) dollars per acre.”

William M. Judd states in his affidavit: “ The value of said premises described -in the judgment in this action (I state) to be now at least eighteen hundred dollars ($1,800) per acre and to have been of the same value on the 21st day of June, 1898.”

(It was shown by an affidavit that judgments were outstanding against Judd for over $1,400, and that three indictments for grand larceny were pending against him.)

The affidavit of Arend stated that, “ In my opinion, said property on the 21st day of June, 1898, was and at the present time is worth at least two thousand dollars per acre, and this estimate is based solely upon its market and intrinsic value.”

Maginnis, in his affidavit, says: “ In my opinion this parcel of about fifty acres is intrinsically worth in the market at least the sum of two thousand dollars per acre.”

Nellany, in his affidavit, says: “In my opinion this parcel of about fifty acres is intrinsically worth in the market at least the sum of two thousand dollars ($2,000) .per acre.”

The respondent read numerous affidavits tending to show that the property sold for all it was worth. Mr: Clark L. Ingham states in his affidavit, viz.: “At the present time there is very little movement in real estate in that vicinity, and in my opinion said property at present bid on a sale at public auction, will not produce to exceed ten hundred dollars ($1000.00) per acre, and an undivided interest in said property would produce a relatively less amount.”

H. C. Wadsworth states in his affidavit his familiarity with the [171] property, and says: “In my opinion the said property at the present time, at a sale at public auction, will not produce to exceed $1000 per acre, and an undivided interest in said property would produce a relatively less amount.”

George Sandrock, in his affidavit, places the value at $1,000 per acre.

Charles L. Gurney, in his affidavit, says: “At the present time there is very little movement in real estate in that vicinity. In my opinion the said property at the present time, at a sale at public auction, will not produce to exceed live hundred dollars ($500) per acre, and an undivided interest in said property would produce a relatively less amount.”

In the affidavit of Loran L. Lewis, Jr., he states facts showing his familiarity with the land in question, and says: “ There has been no market for any of the real estate situate similarly to the property in question for the past five years,” and that he lately foreclosed a mortgage upon property similarly situated, and the property was sold for $500 per acre. His affidavit adds: “ In deponent’s opinion, at the present time, at a sale at public auction, would not produce to exceed $1000 per acre, and an undivided interest in said property a less sum.” He states that the property is assessed upon the county treasurer’s books at the sum of $15,600.

The affidavit of Mary Bleyle, who formerly owned the property and sold the same about eight years prior to making the affidavit, for $750 per acre, states that she had lived on the property some twenty-four years, and adds, “ That, in her opinion, the said property, at the present time is worth but little, if anything, more than the above-mentioned sum, which she received for the same when she sold it.”

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German-American Bank v. Dorthy, 39 A.D. 166, 57 N.Y.S. 172 (N.Y. Ct. App. 1899).

39 A.D. 166 (German-American Bank v. Dorthy) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

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