Harrison's Exor. v. Farmers' Bank of Virginia

9 W. Va. 424, 1876 W. Va. LEXIS 43
CourtWest Virginia Supreme Court
DecidedSeptember 9, 1876
StatusPublished
Cited by10 cases

This text of 9 W. Va. 424 (Harrison's Exor. v. Farmers' Bank of Virginia) is published on Counsel Stack Legal Research, covering West Virginia Supreme Court primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Harrison's Exor. v. Farmers' Bank of Virginia, 9 W. Va. 424, 1876 W. Va. LEXIS 43 (W. Va. 1876).

Opinion

Edmiston, Judge.

This case comes from the circuit court of Greenbrier •county. Matthew Harrison had filed a bill in chancery, in said court, against The Farmers Bank of Virginia, and it is said that ho sued out an attachment, and levied the same upon the assets of said Bank, at the branch thereof [426]*426Lcwisburg, Greenbrier county. In which suit, and f°rce saifl attachment, the assets were seized, and. ^11 bands of a receiver of that court. Many or(]ers, or decrees, were made, from time to time, disbursing the funds in the hands of the receiver, to the plaintiff in the suit, as well as to others, who, on motion,, or by petition, claimed that they were entitled to be paid certain sums due them from said Bank.

When this suit was brought, does not appear, as this record does not disclose the fact, nor does it show how the cause was matured, but it is said the bill and papers: were lost. Nothing appears, only the orders directing, the receiver of the court to pay over certain sums, to certain persons, with orders of -reterence, and reports of commissioner. But it is admitted by the parties that this suit was instituted before the nineteenth of January, 1867, the date oí the deed of assignment made by the Farmers Bank of Virginia, to trustees, for the use and benefit of its creditors. In this deed was conveyed “all the assets,, real and personal, belonging to said Bank, wheresoever situated, and of whatsoever consisting, including all lands- and lots, all office furniture and other personal chattels, all coin, and current money, all debts, and choses in action, all stocks, bonds, and certificates of debt, bills, notes, and other evidences of debts, and securities for the same, and all other property belonging to, or due to, the Bank, &c.”

The Farmers Bank of Virginia had a branch at Lewisburg, and it was claimed that this deed had the effect of transferring, at least, the personalty to the trustees'”, held by said branch. The suit of Harrison, however, it would seem, was founded on the idea that this property was liable to an attachment, and to be seized and appropriated to the payment .of debts against said Bank, by suit in this State, under the attachment law of this State, because the corporation, The Farmers Bank, was a nonresident, and had estate in this State, and in the county in which the suit was brought. And such would seem [427]*427to have been the theory of the suit, because these personal assets were appropriated to the payment of 1 1 1 i other Harrison’s claim, as well as those of various other per-r sons claiming to be creditors. No defence was made to this suit, by the assignees, or any other person.

Some time in the year 1872, Thomas Mathews tendered a petition'to the circuit court of Greenbrier county, stating that the suit instituted by Harrison was still pending, and recited what had been done therein ; and also stated the fact that the said Bank, on the nineteenth day of January, 1887, had made the above conveyance for the security of the creditors of said_ Bank, and that a suit had been instituted in the district court of the United States for the Eastern District of Virginia, in Richmond, to enforce said trust; and that such proceedings had been had therein, as resulted in the sale of the assets belonging to said Bank, at its branch in Lewisburg, under a decree of said court. And that Wm. B. Isaacs, & Co., had become the purchasers thereof, -which they had sold and conveyed to him, the said Mathews, on the twenty-third of December, 1871. He therefore claimed to be the owner of all the property and assets remaining of the Lewisburg branch, and that he was advised, that he was entitled to have all of said property and assets remaining under the control of the court, and in the hands of its officers and receivers, turned over and delivered to him. And to effect this, he asked, that full accounts, and settlements, with the receivers, and other officers of the court, who had had charge of said assets, should be made; and asked to have the right to surcharge and falsify such accounts and settlements. He did not assail the rights of the complainant Harrison, and other creditors, Who had obtained a large part of said assets; nor did he make any of them, or the assignees of the Bank, or any other person in interest, parties to his petition. The filing of this petition was objected to by some one, and was not allowed, until the final hearing, on the [428]*428twenty-fifth of June, 1874, when the objections were and the petition was filed.

On the thirtieth of January, 1873, Matthew Harrison, executor of Burr TV Harrison, obtained a judgment against the Farmers Bank of Virginia for the sum of $3,733.42, with interest and 'costs. On this judgment he sued out execution, placed it in the hands of the sheriff of Greenbrier county, who made return thereon, Ho property found.”

On the twenty-fifth day of June, 1874, the said Harrison, executor, as aforesaid, filed his petition, setting forth his judgment, execution, and return of the sheriff thereoip and referring to the suit of Matthew Harrison as still pending, and charging that many oí the decrees thereon were erroneous, and asks that they may be set aside. He refers to the petition of Matthews, and contests his title to the assets. He asks that all the persons who had received money, under the decrees in the origr inal cause, said Thomas Mathews and Alex. H. Mathews, his assignee, be made parties to his petition, but serves no process on any of them, and prays that his lien may be enforced.

The court on the same day, the twenty-fifth of June, 1874, entered a final decree in the case. In this decree, it is recited that the petitions of Mathews and Burr TV. Harrison’s, administrator, were filed, and on them, with the papers formerly read, the cause was heard.

The court held that the title of Mathews to the assets in the hands of the receiver, was good, under his purchase, as above detailed, and that, as it was older, it was superior to the claim of the said administrator of Harrison, and, therefore, it dismissed Harrison’s petition. And the said Mathews, dispensing with the reference and account prayed for in his petition, it was adjudged, ordered, and decreed, that the receiver should turn over and transfer to the said Mathews, or his assigns, all'the personal assets of the said Branch Bank at Lewisburg, [429]*429of every kind then in his hands, under the orders and decrees of the court, previously made in the cause.

From this decree, the administrator of Burr W. Harrison appeals to this Court.

The first and principal error relied on is, that the court decreed the assets of the Branch at Lewisburg to Mathews. He claims that Mathews did not claim, under a sale made by Robinson & Gaddin, the trustees in the deed of assignment made by the Farmers Bank of Virginia, but that he claimed title under a sale made by the receiver of the district court of the United States for Virginia, at Richmond, made under a decree of that court, at which sale Vm. B. Isaacs & Co. were the purchasers, and that they sold their title to Mathews; that said court had no jurisdiction over these assets, at the time the order of sale was made, because the circuit court of Greenbrier had previously assumed jurisdiction over them.

It is difficult to deal with all he questions that are raised and discussed in this case, because of the imperfect condition [of the record; but I think there is Sufficient to enable this Court to decide upon the rights of the parties to this appeal.

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Cite This Page — Counsel Stack

Bluebook (online)
9 W. Va. 424, 1876 W. Va. LEXIS 43, Counsel Stack Legal Research, https://law.counselstack.com/opinion/harrisons-exor-v-farmers-bank-of-virginia-wva-1876.