Griffin's v. MacAulay's

48 Va. 476
CourtSupreme Court of Virginia
DecidedApril 6, 1851
StatusPublished

This text of 48 Va. 476 (Griffin's v. MacAulay's) 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
Griffin's v. MacAulay's, 48 Va. 476 (Va. 1851).

Opinion

By deed bearing date the 15th of November 1797, Alexander Macaulay of the town of York, in order to secure the payment of the following debts, that is, in the first place, to secure the payment of £ 2000. to Dr. Corbin Griffin of the town of York; in the second place, to secure the payment of £ 5000. to John Jamieson of the county of Culpeper; and in the third place, to secure the payment of £ 3000. to Francis Jerdone of the county of Louisa, conveyed in trust to Thomas Griffin and Thomas Nelson, a tract of land in the county of Warwick, lots in the town of York, tenements and lots in the town of Norfolk, lots and tenements in Hanovertown, thirty slaves, all the stock, furniture, tools, c., upon or belonging to the land in Warwick county, the stock and furniture in Yorktown, which was specified, including all his household and kitchen furniture, all his goods in his store in the town of York, one ship called the Charles Carter, one brig called the Helen, one sloop called the John, ten shares in the Dismal Swamp Canal Company, one half share in the Dismal Swamp Land Company, and one moiety of a tract of eight thousand acres of land lying in the county of Norfolk, held in company with Isaac Sexton, deceased. And he assigned to the same persons "all debts due to him;" all of which debts were stated to be expressed in a schedule annexed to the deed; but there was in fact no such schedule. *Page 478

The trusts declared in the deed were, that the trustees should, as soon as they conveniently could, proceed to sell the property at public auction, and out of the moneys arising from the sale, should, after paying the expenses attending the execution of the trust, first pay the debt above mentioned to be due to Corbin Griffin, and fully indemnify him in all sums and charges in which he was or might be bound as security of Alexander Macaulay; in the second place, to pay the debt above mentioned to be due to John Jamieson, and fully to indemnify him as Macaulay's security; and in the third place, to pay the debt above mentioned to be due to Francis Jerdone, and fully to indemnify him as Macaulay's security; and to apply the residue of the money arising from the sales of the property, if any residue there should be, to the use of any other creditors of Macaulay.

It appears that Macaulay, with the consent of the creditors, retained the trust property in his possession, and managed it for the purposes of the trust until his death, which occurred in July 1798. After his death the trustees took possession of all the property they could find; and it was sold in 1798, 1799, 1800 and 1801; except the Hanovertown property, which was sold in 1811 for £ 49. 10. Although the trustee Nelson joined in advertising the property for sale, in giving Corbin Griffin a power of attorney to sell the Norfolk property, in conveying the land sold, and perhaps in some other formal acts, yet in fact none of the proceeds of the sales went into his possession; and he died late in 1803. Thomas Griffin was the acting trustee. He commenced to make payments to Corbin Griffin in September 1798; and these were continued until the 23d of November 1800. This was the date of the last payment made to Corbin Griffin during his life, though he lived until 1813. In December 1801 *Page 479 the trustee Griffin commenced to make payments to John Jamieson; and in that month paid him £ 2297. Of this sum, £ 750 was the price of the one half share of the stock of the Dismal Swamp Land Company, which was purchased by Jamieson; and £ 1200 was the price of the moiety of eight thousand acres of land in Norfolk county, which was also purchased by Jamieson. On the 11th of February 1804, Jamieson executed two papers, admitting he had bought this property to satisfy a debt due himself, which was discharged, or nearly so, and afterwards for the Dismal Swamp Land Company. And in July 1809 he conveyed the property to the company by two deeds, in which he recited that Jamieson was a manager of the Dismal Swamp Land Company, and the intention of the deed of November 1797 was, after paying a private debt due from Macaulay to Jamieson, to pay a considerable debt due from Macaulay to the Dismal Swamp Land Company; and that the trust had been completely executed as to the claims of Corbin Griffin and John Jamieson as individuals.

In 1815 Robert Anderson, who had married Mrs. Peyton Southall, a daughter of Alexander Macaulay, qualified as administrator de bonis non upon his estate; and in July 1819 he exhibited his bill in the late Chancery court at Williamsburg, against Thomas Griffin in his own right and as administrator of his father Corbin Griffin, Carter Berkeley and Frances his wife, who was Frances Nelson, the administratrix of Thomas Nelson, John M'Neale executor of John Jamieson, and the sheriffs to whom the estate of Alexander Macaulay had been previously committed. In his bill he states that his intestate, Alexander Macaulay, a merchant of long standing and extensive dealing, having a short time before his death encountered considerable losses in his shipping business, by reason of captures at sea and mercantile failures, found himself, after many years of *Page 480 laborious enterprise, involved in difficulties and perplexities, from which he was unable with promptitude to extricate himself. These captures and losses having temporarily drawn from their usual course of trade so great a portion of his funds, he was unable to meet with his accustomed punctuality, the payment of all his moneyed engagements; and as is usual in such cases, many of his creditors pressed him with the lashes of the law. Owning and possessed of a very considerable estate in lands situated in various parts of the country, vessels and cargoes at sea, and in ports foreign and domestic, slaves, merchandise, debts, and numerous other personal estates, he could not justly, and therefore did not, apprehend that his creditors were jeopardised by his situation, although he had to encounter such numerous and extensive difficulties. Confident of his ability in time to command his funds, which were in amount beyond the just demands of his creditors, indulgence was all he wanted; but by many this was denied him. And in order to place his creditors on a more general and equal footing than some of them were willing to remain on, he conveyed to Thomas Griffin and Thomas Nelson as trustees, by deed dated on the 15th of November 1797, the greater part of his estate.

After stating the trusts of the deed, the bill charges that Macaulay, at the time of its execution, was not indebted to Corbin Griffin as much as £ 2000., or anything near that sum; and that he never was so largely indebted to him: and of the debt which he did owe him at the time of executing the trust, a considerable part of it was paid to him between that period and Macaulay's death. That Macaulay was indebted to John Jamieson in only a small sum, at the time of executing the trust deed; and that he did not become more so after its date. The plaintiff believed that the debt of £ 3000. secured by the deed to Francis Jerdone was really due to him, and perhaps a greater sum; but that *Page 481 neither Jerdone or Jamieson was bound as security for Macaulay for a cent when the deed was executed, or became so bound afterwards. That Corbin Griffin was bound as Macaulay's security in several instances at the time of executing the said deed; and that he probably became a further security for him after its execution; but that from the debts for which he was bound as surety for him before the execution of the deed. Macaulay afterwards released him in a great degree, by the settlement of the debts before his death. And thus the sums of £ 2990.

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Related

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Bluebook (online)
48 Va. 476, Counsel Stack Legal Research, https://law.counselstack.com/opinion/griffins-v-macaulays-va-1851.