Lang v. Metzger

69 N.E. 493, 206 Ill. 475
CourtIllinois Supreme Court
DecidedDecember 16, 1903
StatusPublished
Cited by15 cases

This text of 69 N.E. 493 (Lang v. Metzger) is published on Counsel Stack Legal Research, covering Illinois Supreme Court primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Lang v. Metzger, 69 N.E. 493, 206 Ill. 475 (Ill. 1903).

Opinion

Mr. Justice Ricks

delivered the opinion of the court:

This is an appeal from a judgment of the Appellate Court for the First District affirming a decree of the circuit court of Cook county for a foreclosure and sale under a trust deed in favor of appellee. The trust deed in question was dated June 14, 1895, and was executed by Mary Pregler and her husband, Louis Pregler, and conveyed lots 3, 4, 5 and 6 in Gehrke’s subdivision of part of lot 6, in Richon & Bauermeister’s subdivision of the west half of the north-east quarter of section 25, township 40, north, range 13, east of the third principal meridian, in Cook county, to secure the payment of one principal note for $3000, due three years after date, and six interest notes, each for the sum of $90, payable semiannually thereafter on the 14th days of December and June, all of said notes bearing interest at the rate of six per cent and all payable to the order of the makers and endorsed in blank, which trust deed was made to Charles Fleischer as trustee for the legal holder of said notes. The bill was filed the 13th day of September, 1897, and appellant and a number of other persons were made defendants thereto.

Appellant answered the bill" and also filed her cross-bill, in both of which she set forth that on February 16, 1885, Josef Raback, her father, died testate, and that his will was duly admitted to probate on February 25, 1885, and letters testamentary issued to Louis Pregler; that in addition to making Louis Pregler executor the testator also constituted him trustee, and in and by which testament it was provided: “I hereby direct that all moneys belonging to me and collected by my executor are to be invested at the highest interest possible, upon good secnrities; that if the interest upon such investments shall prove insufficient for the support and maintenance of my said wife, then she may use any of said capital for such support. Third, after the death of my said wife I hereby order and direct that any balance remaining of my said property or money shall go to my two adopted daughters, Anna Raback and Julia Raback, and their heirs forever, in equal parts;” that on December 9, 1887, Louis Pregler, having administered the estate under the direction of the probate court, presented his final account and report, showing that there remained in his hands $4500, and that the account was approved by the probate court and the said sum retained by said Pregler, as trustee; that on the 7th day of August, 1891, Louis Pregler, trustee, loaned to one Emily Lucand the $4500 so held by him in trust, taking her note for that sum, payable five years after its date, with seven per cent semi-annual interest, which loan was secured by a trust deed given by said Emily Lucand to the said Louis Pregler, trustee, on lots 3, 4 and 5, in block 1, Gehrke’s subdivision, being the same property described in the trust deed to Fleischer, as trustee, securing the-notes of appellee, except that appellee has, in addition, lot 6 of said subdivision; that said trust deed was duly recorded August 12, 1891, in the recorder’s office of Cook county; that after the making of the trust deed to Fleischer, and the notes therein described, by Mary Pregler and. Louis Pregler, Louis Pregler, the trustee, without the knowledge or consent of Magdalena Raback, the widow of Josef Raback and cestui que trust in the trust created by the will of said Josef Raback, on June 22, 1895, by his formal written release, released to Emily Lucand the deed of trust beariu g date August 7, 1891, in which release it was recited that the note had been fully paid; that the release deed was given in fraud and in violation of the trust; that the payment to Louis Pregler, trustee under the will of Josef Raback, and the loan to Emily Lucand, the subsequent release of the trust deed by Louis Pregler to Emily Lucand before the maturity of the note secured by said trust deed, are matters of public record, and that Mary Pregler and Charles Fleischer, trustee, and appellee, as the holder of said note secured by the trust deed of June 14, 1895, had full notice that the moneys loaned to Emily Lucand were trust funds in the hands of Louis Pregler, trustee under the will, and that they were bound, in law and in equity, to see that the trust deed made by Emily Lucand to Louis Pregier was not released or the lien acquired thereby until the moneys secured thereby were fully paid; that they were bound to see to the proper use, payment and application of the trust money; that at the time of the making of the release deed by Louis Pregler, as trustee, to Emily Lucand, dated June 22, 1895, no moneys passed from Emily Lucand, or anyone on her behalf, under the said will of said Josef Raback to Louis’ Pregler, and that said release deed was given for the purpose of releasing the trust deed and was not a dona fide transaction, but was in fact a conspiracy to deprive appellant of the valid first lien acquired by the trust deed made by Emily Lucand; that the title to the real estate included in the trust deed made by Emily Lucand to Louis Pregler was, prior to the making of the Fleischer trust deed, through the procurement of Louis Pregler conveyed to Mary Pregler, the wife of Louis Pregler, ■ and that the release deed executed by the latter to Emily Lucand and the trust deed executed to Charles H. Fleischer were made for the purpose of converting the funds'in the hands of Louis Pregler to his own use and for the purpose of destroying the lien of the trust moneys on the real estate above described; that Emily Lucand was a sister-in-law of Louis Pregler; that Magdalena Raback, the widow of Josef Raback, died September 17, 1895, and that under the terms of the will of said Josef Raback appellant became entitled to one-half of the moneys in the bands of Louis Pregler, trustee under the will, and that appellant, after the death of Josef Raback, married one Joseph Lang, and that her sister Julia married one Antone C. Pregler; that she applied, on September 22, 1895, to Pregler, as trustee, for an accounting of the trust moneys and the payment to her of the amount due her, but that said Pregler refused to account, and insisted that she take in satisfaction of her claim a note for $2250,- secured by a second trust deed upon this same property, made by one John Tanier, to whom the property was conveyed by Mary Pregler; that the premises conveyed in the trust deed are scant security for the $2250; that after the property had been conveyed to Tanier, (which conveyance she alleges was for the sole purpose of enabling him to execute certain trust deeds set out in the bill, among which is one securing the $2250 note which was accepted or taken by her,).said Tanier re-conveyed the property to said Mary Pregler; that she is entitled to $2250, with interest from August 7, 1895; that she is unable to find the notes made by Emily Lucand, and by the trust deed it is provided that if default be made in the payment, they may be foreclosed; alleges default in the payment by Emily Lucand; makes William Metzger, Charles H. Fleischer and the defendants to the original bill defendants to the cross-bill; asks for the appointment of a successor to Louis Pregler, trustee under the will of Josef Raback, to collect $4500 and interest and pay it over to her; prays that the deed made by Emily Lucand to Mary Pregler, and the conveyance by Mary Pregler and husband to Bauerle, and the re-conveyance from Bauerle to Mary Pregler, and the conveyance by Mary Pregler to John Tanier, and the.

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

Related

Luthy v. Keehner
412 N.E.2d 1091 (Appellate Court of Illinois, 1980)
Gorin v. McFarland
224 N.E.2d 615 (Appellate Court of Illinois, 1967)
Rawson v. Brosnan
1 S.E.2d 423 (Supreme Court of Georgia, 1939)
Hampton v. Herrin Loan & Improvement Ass'n
7 N.E.2d 332 (Appellate Court of Illinois, 1937)
Jacksonville Hotel Building Corp. v. Dunlap Hotel Co.
264 Ill. App. 279 (Appellate Court of Illinois, 1931)
Foreman Trust & Savings Bank v. Cohn
253 Ill. App. 469 (Appellate Court of Illinois, 1929)
Veach v. Stegmeyer
233 Ill. App. 559 (Appellate Court of Illinois, 1924)
Johnson v. Voudrie
233 Ill. App. 572 (Appellate Court of Illinois, 1924)
Veve v. Fajardo Sugar Growers' Ass'n
29 P.R. 609 (Supreme Court of Puerto Rico, 1921)
Teich v. Midland Machine Co.
191 Ill. App. 548 (Appellate Court of Illinois, 1915)
Mathias v. Miller
164 Ill. App. 113 (Appellate Court of Illinois, 1911)
Steere v. Gingery
123 N.W. 863 (South Dakota Supreme Court, 1909)
Rosenbleet v. Rosenbleet
122 Ill. App. 408 (Appellate Court of Illinois, 1905)

Cite This Page — Counsel Stack

Bluebook (online)
69 N.E. 493, 206 Ill. 475, Counsel Stack Legal Research, https://law.counselstack.com/opinion/lang-v-metzger-ill-1903.