Green v. Wooldridge, Travers & Co.

16 S.E. 875, 89 Va. 632, 1893 Va. LEXIS 82
CourtSupreme Court of Virginia
DecidedFebruary 9, 1893
StatusPublished
Cited by1 cases

This text of 16 S.E. 875 (Green v. Wooldridge, Travers & Co.) is published on Counsel Stack Legal Research, covering Supreme Court of Virginia primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Green v. Wooldridge, Travers & Co., 16 S.E. 875, 89 Va. 632, 1893 Va. LEXIS 82 (Va. 1893).

Opinion

Lacy, J.,

delivered the opinion of the court.

[633]*633The appellees filed their hill in the circuit court of Charlotte county, Virginia, from which court it was subsequently removed to the circuit court of Halifax county, by which the ■said decree was rendered on the first Monday in February, 1884, against W. E. Green, trustee, to enforce the payment of a guano or fertilizer note of $659, dated May 15, 1882, and payable on or before the 1st day of May, 1883, and pledging his tobacco crop—to be delivered, so far as required, and sufficient to pay the said note—signed W. E. Green, trustee.

The bill charged that the said Green was acting in this transaction as trustee under his father’s will, but of this the plaintiffs did not claim to be certain. That the said Green did not deliver his crop of tobacco, as promised in the said note, but sold it and used the proceeds; and their debt was entirely unpaid.

They alleged that ample personal estate—consisting of other erops, stock, and household and plantation utensils— remained in the hands of the said Green, as trustee, to pay said note, and that the rents of the real estate so held by him would soon pay the same; and that said Green was personally insolvent. And the bill prayed that the said trustee be required to answer on oath, and be made to disclose the trust subject in his hands, and that the same be subjected to the payment of their said note, &e.

A copy of the will of William B. Green, the father of the said trustee, was exhibited, and it appears that the said testator devised the tract of land called Greenwood, on which he resided, to the said trustee, “ for the use and benefit of the wife and children of my said son, and such wife as he may hereafter have, and such child or children as may hereafter be born to him, to be applied in the manner hereinafter directed, for and during the life of my said son,” and at his death as he should by will appoint—the said estate not to be liable in any way for the debts of the son ; and the son was not [634]*634to inherit from any child which might die during his lifetime.

It was further provided that the trustee should manage such land in such manner as he should think best; and authority was vested in him to sell and convey said land, or any part thereof, and reinvest the proceeds in such other property as he might deem proper, to be held under the same trust, &e. And the testator bequeathed one third of the residue of his estate to the said son, to be held on the same trusts and uses, and on the same conditions as was provided as to the land.

The circuit court (in Charlotte county), taking the bill for confessed, ordered an account of the plaintiffs’ debt, and an account of the trust estate.

The commissioner reported the debt of the plaintiffs at $715.01, the real estate, Ward’s Pork, (not Greenwood,) at $7,622, and pei-sonal property, assessed to W. E. Green personally, (not as trustee,) at $1,520 ; and reported that he (the said commissioner) was unable to determine whether the said property was liable for the plaintiffs’ debt or not.

Whereupon the plaintiffs amended their bill, saying that the amount of their debt being ascertained, and the trust fund ascertained, they were now informed that Mrs. Green was dead, named the children (who are the appellants), and asked that they, being the beneficiaries, might be made parties, defendant—five of them being infants.

Process being executed, an account was again ordered as before and reported of the plaintiffs’ debt and the trust subject, and annual rental value of the same—the latter being stated at $550—the other accounts being varied in amounts, but it is not material to recite the changed valuation; and the deposition of W. E. Green, trustee, returned to support the said report and account, he saying that Greenwood had been sold and Ward’s Pork purchased with the proceeds.

Before acting on this the circuit court removed the former guardian ad litem who had been appointed, and appointed a. [635]*635lawyer such guardian ad litem, and subsequently (the date not recorded) removed the cause to the circuit court of Halifax county, on the motion of the defendants. The removal having been consummated, the guardian ad litem filed formal answers for the infants.

And the appellees, J. G. Tinsley & Co., having filed their petition to have payment of their debt, an account was ordered as to this, as heretofore concerning the Wooldridge, Travers & Co. debt—the Tinsley debt being for $90, and evidenced by a similar fertilizer bond as that of Wooldridge, Travers & Co., above mentioned. The commissioner made another report, and accounts were returned of the trust estate, which appears to have decreased in value very much since the last report.

This last commissioner (Leigh) reported that these debts were contracted by W. E. Green as trustee under his father’s will, and that these fertilizers were used on the Ward’s Fork land, which was held in trust under the said will of the father, W. B. Green, deceased; and returned the deposition of M. M. Martin, who proved that the Ward’s Fork plantation was held by the said trustee in lieu of the Greenwood plantation—or tended to prove this; and the deposition of W. W. Webb was returned to support the conclusion that the fertilizer in ques-' tion was used on the trust estate, the said trustee living separate and apart from his wife and children, who had purchased and resided on the Greenwood estate.

And on the 15th of November, 1890, the circuit court rendered the decree complained of.

The guardian ad litem having excepted to Commissioner Leigh’s report, because it did not show under what trust the debts were contracted and the fertilizers used, the decree overruled these exceptions, confirmed the commissioner’s report, both of Leigh and the former report of Commissioner Eggleston, and decreed that the said Green, trustee, should pay the said debts; and directed executions to issue at once, and sale of the [636]*636trust estate, so far as it was personalty, be delayed sixty days, subject to the execution lien ; but if these debts were not paid within sixty days, the sheriff was directed to sell the crops and other personal estate held or controlled by the said Green, trustee under the will of William ,B. Green, deceased, sufficient to satisfy the said execution.

The property developed by the proceedings herein was such personal property as is usually found on a farm, but no crops are reported in any amount whatever.

So the effect of the decree was, to subject the corpus or capital of the estate to pay the debt contracted by the trustee.

The appellants being advised that under the terms of the, will of William B. Green, creating the trust for the support of the wife and children of the trustee, and not to be in any way liable to his debts, that the trustee, in his management of the trust fund, had power only to bind the income, and was not allowed to break in on the principal or capital of the trust fund, applied for and obtained an appeal to this court.

In Perry on Trusts, it is said: “ It is a settled rule that trustees for infants should never, on their own authority, break in upon the capital of the trust fund for the maintenance, and seldom for the' advancement, of their ward.

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Related

Wooldridge v. Green
26 S.E. 578 (Supreme Court of Virginia, 1897)

Cite This Page — Counsel Stack

Bluebook (online)
16 S.E. 875, 89 Va. 632, 1893 Va. LEXIS 82, Counsel Stack Legal Research, https://law.counselstack.com/opinion/green-v-wooldridge-travers-co-va-1893.