H. B. Claflin Co. v. Lubke

63 S.W. 407, 162 Mo. 648, 1901 Mo. LEXIS 190
CourtSupreme Court of Missouri
DecidedMay 21, 1901
StatusPublished
Cited by2 cases

This text of 63 S.W. 407 (H. B. Claflin Co. v. Lubke) is published on Counsel Stack Legal Research, covering Supreme Court of Missouri primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
H. B. Claflin Co. v. Lubke, 63 S.W. 407, 162 Mo. 648, 1901 Mo. LEXIS 190 (Mo. 1901).

Opinion

SHERWOOD, P. J.

The petition and demurrer thereto will accompany this opinion.

The amended petition, omitting caption, formal parts and the list of creditors under schedule B, is as follows:

“And for cause of action plaintiffs state:
“They are creditors of the said defendant, Albert Acruman ; that is to say, said Albert Acruman is indebted to all of said plaintiffs for merchandise bought from them by said Al[653]*653bert Acruman between tbe first day of January, 1897, and tbe twenty-first day of July, 1897, as follows, to-wit:
Tbe defendant, Albert Acruman, is indebted to tbe
H. B. Claflin Company in tbe sum of........$ 553.36
Watson, Porter, Giles & Co., in tbe sum of........ 936.25
Standard Summer Neckwear Co., in tbe sum of.... 205.30
John P. Logan, in tbe sum of................ 369.25
Excelsior Shirt Co., in tbe sum of.............. 190.50
Plerman Scbeuer, in tbe sum of................. 81.30
American Lead Pencil Co., in tbe sum of........ 266.25
Stein Bros., in tbe sum of.................... 309.78
American Stamping Co., in tbe sum of........... 1,114.25
Wm. Meyer & Co., in the sum of.............. 249.50
Langsdorf & Co., in tbe sum of ................ 88.36
Curren & Steiner, in tbe sum of............... 296.14
Strauss, Sachs & Co., in tbe sum of............ 542.40
Boyd, Sutton & Co., in the sum of.............. 550.81
Butler Hard Rubber Co., in tbe sum of.......... 585.31
H. Richters’s Sons, in tbe sum of.............. 174.46
James Thompson & Co., in tbe sum of............ 203.01
D. E. Sicber & Co., in tbe sum of............ 237.25
Julius Becker & Co., in tbe sum of............ 396.00
“That on tbe twenty-first day of July, 1897, tbe said Albert Acruman made, executed and delivered to the defendant, George W. Lubke, Jr., a certain conveyance, in words and figures, as follows:
“This conveyance in trust made and entered into this twenty-first day of July, 1897, by and between Albert Acruman, of tbe city of St. Louis, State of Missouri, party of tbe first part, and George W. Lubke, Jr., of tbe city of St. Louis, Missouri, party of tbe second part. *
“Witnesseth: That tbe said party of tbe first part, in consideration of tbe debts and trusts hereinafter mentioned and [654]*654created, and of the sum of one dollar to him in hand paid by said party of the second pai*t, the receipt whereof is hereby acknowledged, does grant, sell, convey, confirm, transfer and set over unto him, said party of the second part, first, all and singular, the stock of department-store goods now belonging to and in the possession of the party of the first part at the premises No. 616 North Seventh street, in the city of St. Louis, State of Missouri, and consisting of dry goods, hosiery, notions, ladies’ and gentlemen’s furnishing goods, tinware, glassware, toys, novelties and house-furnishing goods, it being intended to hereby convey all of the stock in trade of every character, kind and description to the party of the first part belonging, situated in the premises aforesaid and elsewhere; next, all the fixtures, furniture, office effects, bills receivable, open accounts, and ehoses in action of every kind to the said party of the first part belonging, or to which he may be in any manner entitled, including herein also the books of account of the party of the first part; and lastly, every other asset to said party of the first part belonging, or to which he may in any wise be entitled, and wheresoever the same may be situated, except such property as is exempt to the party of the first part under the homestead and exemption laws.
“To have and to hold the same unto the said party of the second part and unto his 'successor in this trust, if any, and to the heirs and assigns of said party of the second part and his successors' forever. In trust, however, for the following purposes, to-wit: Whereas, the party of the first part is justly indebted to divers and sundry persons and corporations upon notes, accounts and other obligations, as will appear more fully in the schedules hereto attached and marked respectively ‘Exhibits A and 33,’ and made parts of this deed, with like effect as if the said several schedules had been set out in the body of this instrument, and whereas, the party of the first part is de[655]*655sirous of securing the payment of the aforesaid debts and obligations ;
“Now, therefore, power is hereby given to said party of the second part to take immediate possession of all the property aforesaid, to use and control and sell the same in the usual and ordinary manner, with a reasonable discount for cash, to pay out of the proceeds of said sales any and all rentals, insurance, advertising, wages and other expenses of conducting said sale and expenses connected with said trust, including an attorney’s fee of twenty-five dollars for drafting the deed of trust, and to pay the net proceeds thereof from time to time, at least weekly, as hereinbefore provided, to the persons and parties creditors of the party of the first part, named in the schedule A hereto attached, and the obligations to them respectively as there shown, in the numerical order in which said creditors and the obligations to them are named upon said schedule, beginning with number one at the top of the schedule, and satisfying each one of the creditors the amounts respectively set opposite their names on said schedule in said numerical order, until all the demands set forth upon said schedule A are satisfied, and next to the persons and demands named in the schedule B hereto attached, and any other demands owing by the party of the first part which may-have been inadvertently omitted therefrom, paying each one of them pro rata, with all the others in accordance with the amounts due them, respectively, until all said debts last named shall have been paid. And if, at the expiration of sixty days from and after this day, the said demands shall not have been fully paid, either by means of sales by said party of the second part, or by and through the party of the first part himself, then the said party of the second part may and shall, at the request of said beneficiaries above named, or any one of them, sell all the remaining stock in trade, fixtures and other property herein [656]*656sold and conveyed to him and by him held as trustee at public vendue, for cash, at such places in the city of St. Louis, Missouri, as may be designated therefor by said party of the second part, first giving at least five days public notice of the time, terms and places of sale in the St. Louis Daily Record, or any other newspaper in the city of St.

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Bluebook (online)
63 S.W. 407, 162 Mo. 648, 1901 Mo. LEXIS 190, Counsel Stack Legal Research, https://law.counselstack.com/opinion/h-b-claflin-co-v-lubke-mo-1901.