Ladow v. State

155 N.E. 502, 23 Ohio App. 288, 3 Ohio Law. Abs. 180, 1925 Ohio App. LEXIS 255
CourtOhio Court of Appeals
DecidedJanuary 16, 1925
StatusPublished
Cited by7 cases

This text of 155 N.E. 502 (Ladow v. State) is published on Counsel Stack Legal Research, covering Ohio Court of Appeals primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Ladow v. State, 155 N.E. 502, 23 Ohio App. 288, 3 Ohio Law. Abs. 180, 1925 Ohio App. LEXIS 255 (Ohio Ct. App. 1925).

Opinions

Pardee, J.

The plaintiff in error, for convenience hereinafter referred to as the defendant, was indicted by the grand jury of Richland county upon the charge of perjury, tried to a petit jury, convicted and sentenced. The defendant is here on error proceedings to reverse that judgment for many alleged errors which occurred in the trial of the case, which he claims were prejudicial to him, and prevented him from having a fair and impartial trial. The bill of exceptions is very long, and contains a great many exhibits, and we have examined the same with much care. The principal facts are substantially these:

*289 Tlie Mansfield Rubber Company, a corporation, with its place of business in Mansfield in Rich-land county, went into bankruptcy in November, 1911, and the defendant Jesse E. LaDow, B. L. Chase, and others, being directly obligated on some of the paper of said company, and being anxious to protect themselves from loss, agreed among themselves to buy the assets of said company at the trustee’s sale, and so did. In the early part of the year 1912 they organized a new corporation, under the name of the Mansfield Tire & Rubber Company, and transferred the assets which they purchased at said sale to said company, and received therefor a certain number of shares of the common capital stock thereof and a certain number of shares of its preferred capital stock; the number of shares of the common stock which the said B. L. Chase received being 144, and his allotment of the preferred stock ultimately being 60 shares. All of these shares were issued originally in the name of Jesse E. LaDow, as trustee.

Subsequently all of these shares were delivered by LaDow to the real owners thereof, and all were transferred upon the books of the company to such owners, except the shares which were alloted to said B. L. Chase. Thereafter a stock dividend was declared, and each of said parties became entitled to 14 shares more of common stock. The said B. L. Chase never had said shares of stock transferred to his name, although he had received said common shares, but he never accepted a certificate for the preferred shares, and they always remained in the possession of said company or the defendant, who was the secretary thereof.

In the early part of the year 1913 the defendant *290 claims that he had it in mind to purchase all of the preferred and common stock of Mr. Ohase in said company, but that the negotiations which he had with him prior to and on May 24, 1913, did not include said preferred stock. The defendant further claims that, between said date and May 26, 1913, the day the negotiations were finally closed, he did have further oral negotiations with Mr. Chase for the purchase of all the preferred and common stock which he then owned in said company, and that the price to be paid to Mr. Ohase included all of his stock in said company.

After the negotiations were completed, and an agreement reached between said defendant and said B. L. Ohase, the said B. L. Ohase gave to said defendant an option, which option contained a description of the stock which was being bought and sold, with the price and other terms stated therein upon which the option could be exercised. This option was placed in an envelope, with the certificate for 144 shares of common stock, and deposited in escrow with the cashier of one of the banks of the city of Mansfield. Within the time stipulated in said option the defendant exercised the same, went to said bank with said B. L. Chase, paid him the consideration agreed upon, and received 158 shares, the 144 shares in the envelope, and the other 14 being delivered- to said defendant by said B. L. Chase. The option was exercised on June 10, 1913.

About a year thereafter the said B. L. Chase died; never in the meantime having made a claim for the 60 shares of preferred stock which had originally been allotted to him. This preferred stock remained as it was on the company’s books *291 at the time of Mr. Chase’s death until May, 1917, when the same was divided by the defendant, he being the secretary of said company, among the others and himself, who, he claims, had joined him in the purchase thereof.

Prior to this time, and subsequently, the administratrix of Mr. Chase’s estate claimed this preferred stock and all the dividends which had been declared thereon. This claim was denied by the defendant, he claiming that he had bought all the stock holdings of said decedent in said company, which he had transferred to himself and the other purchasers; the common stock having been transferred on the same day that the option was exercised. On January 10, 1918, said administratrix sued the defendant in the court of common pleas of said county for the recovery of said preferred stock, or the value thereof, with the accrued dividends. In this civil action, in which defendant was a witness, and duly sworn according to law, he gave testimony upon which the indictment in this case was based.

The indictment contains seven specifications of alleged perjury, and, in order to help sustain the claim of the state in this behalf, the state offered in evidence a paper writing, State’s Exhibit N, which was found about five years after the death of Mr. Chase among his private papers. This paper writing, being a copy of an alleged option, recites, among other things, that it was for “one hundred and fifty-eight shares of the common capital stock in the Mansfield Tire & Rubber Company.”

The defendant says that the original of said option, or a copy thereof, had never been seen by him, and was not a copy of the option that was *292 placed in the envelope in escrow. He further claims that the option which was used was taken by Mr. Chase at the time the option was exercised, and that Mr. Chase tore his name therefrom, and no one has seen the same since. The defendant claims that the option placed in said envelope was the original, of which he had a carbon copy, which was introduced in evidence as State’s Exhibit G, and which describes the stock sold in the words, “My stock in the Mansfield Tire & Rubber Co.”

Upon the trial in the criminal case, as shown on pages 35 and 36 of the bill of exceptions, the state offered this alleged Chase option in evidence, but the same was not then admitted by the trial court, and this is the first reference in said bill to said option, although the attorneys for the state in their brief say the first reference thereto occurs on page 335 of the bill. Reference to the so-called Chase option is not again made in the bill of exceptions until on page 122, when all the testimony of the defendant given in the civil action was being read to the jury. When this testimony in regard to said option was reached, and in which said option was set out in full, the attorneys for the defendant, before the same was read to the jury, objected to the same being read to them from said testimony, which objection was overruled and exception taken. At the conclusion of the reading of the defendant’s testimony given in said civil action, the attorneys for the state, as appears on page 131 of the bill of exceptions, offered said option in evidence, to which the attorneys for the defendant objected, which objection was overruled by the trial court and an exception taken.

Free access — add to your briefcase to read the full text and ask questions with AI

Related

Hirschberger v. Silverman
609 N.E.2d 1301 (Ohio Court of Appeals, 1992)
Joachim v. Chambers
815 S.W.2d 234 (Texas Supreme Court, 1991)
State v. Fecteau
437 A.2d 294 (Supreme Court of New Hampshire, 1981)

Cite This Page — Counsel Stack

Bluebook (online)
155 N.E. 502, 23 Ohio App. 288, 3 Ohio Law. Abs. 180, 1925 Ohio App. LEXIS 255, Counsel Stack Legal Research, https://law.counselstack.com/opinion/ladow-v-state-ohioctapp-1925.