King v. Wood

7 Mo. 389
Supreme Court of Missouri·Decided May 15, 1842·Published·Cited by 13 cases

Opinion

[390] Opinion of the Court, delivered by

Tompkins, Judge,

William B. King, in his life time, filed his bill in the circuit court of St. Louis county, sitting as a court of chancery, praying that James Wood be decreed to perform a contract, which the complainant alleged had been entered into by Wood with said complainant. After the filing of the bill the complainant died, and the suit proceeded in the name of William W. King and others, heirs and legal representatives of the complainant. The circuit court dismissed the bill, and to reverse its decree this appeal is prosecuted.

It is stated in the bill that James Wood, of Pittsburg, in Pennsylvania, being siezed in fee of a certain real estate in the city and county of St. Louis, “called the Union Hotel Property, consisting of two lots or parcels of ground, with buildings or improvements thereon, one of which lots contains sixty-nine feet on Main street, in said city, by one hundred and fifty feet in depth, more or less, bounded east by Main street : south, by Prune street; West, by an alley twenty feet wide, which separates the same from the lot next described ; north, by a line parallel to said Prune street, and distant therefrom sixty-nine feet; on which lot there are large brick buildings, now occupied as the Union Hotel. The other lot fronting fifty feet on Second street, and running eastwardly one hundred and fifty feet, by that width, more or less, bounded east by the above mentioned alley ; south, by Prune street; west, by Second street; north, by a line parallel to Prune street, and distant therefrom fifty feet; the said two lots being the same property conveyed by Scott and Rule to the said Wood in the year 1831. And that said Wood being desirous to sell the said lots and premises, in the month of November, in the year 1835, entered into a correspondence and negotiation with the complainant touching the absolute sale and conveyance of said property to said complainant; and that on the third day of December, in that year, said Wood proposed in writing, signed by himself, to sell to the complainant the above described lots and premises, or all that piece of property known. [391] by the name and description of the Union Hofei, for thirty thousand dollars : of which five thousand dollars was to paid on the first day of April then next, at which time said Wood was to make the conveyance ; and the remaining twenty-five thousand in six annual instalments, &c. And the complainant was required to inform Wood before the first day of February then next, whether he would accede to the said proposition. But the complainant did give Wood notice accordingly of his acceptance of the proposition, and therefore it was agreed betwixt the complainant end Wood, that Wood should convey said property on the terms above mentioned ; and that Wood should be in the city of St. Louis on the first day of April then next, at which time each party should perform his part of the contract.”

The statement of the case is concluded by averring the complainant’s readiness and offer to perform his part of the contract, and the neglect of Wood to perform his part* The complainant makes a letter from Wood to him an exhibit in the cause, and a part of his bill of complaint.

The letter is in the words following:

“Pittsburg, Dec. 3d, 1835.
Mr. Wm. B. King,
Sir: In reply to your proposition to rent part of my property in St. Louis, I have to inform you that I will agree to rent the premises at piesent occupied by Farish, and known as the Union Hotel, together with the brick warehouse occupied by Varin & Reel, for the term of five years, commencing on the first day of April next, (provided Favish, the present occupant of the premises, can be ejected in time to give you possession,) for which I will require you to pay the yearly rent of $1800, to be paid quarterly, and for the punctual payment of said rent, I will hold all the furniture and personal property on the premises bound as security for the same. I will agree to appropriate one thousand dollars of the first year’s rent for the purpose of converting the brick warehouse into a dining room, and for such other repairs as may be necessary and property. In [392] re^y to y°ur proposition to purchase, I have to state that I will sell all that piece of property known as the Union Hotel property, for thirty thousand dollars; five thousand dol-hrs of which to he paid on the first day of next April, at which time I will make the conveyance, and the remaining twenty-five thousand dolíais to be paid in six equal annual payments, v\ ilh interest from the date, at the rate of six per cent, per year; the payment to be secured b}' bond and mortgage on the property. You will advise me before the first day of next Februiry, whether you will accept either of the above propositions, as I will not consider myself bound by either, unless you give your decision before that time, &c.”

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King v. Wood, 7 Mo. 389 (Mo. 1842).

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