Lewis v. Price

24 S.C. Eq. 172
CourtCourt of Appeals of South Carolina
DecidedNovember 15, 1850
StatusPublished

This text of 24 S.C. Eq. 172 (Lewis v. Price) is published on Counsel Stack Legal Research, covering Court of Appeals of South Carolina primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Lewis v. Price, 24 S.C. Eq. 172 (S.C. Ct. App. 1850).

Opinion

Johnston, Ch.,

delivered the opinion of the Court.

The enormous results of the accounts, as taken, are forcibly pointed.out in the decree : and lead irresistibly to the conclusion, that error exists somewhere in the proceeding.

But, though we are greatly disposed to exonerate the defendant, Price, as far as possible, from these results; .we cannot consent to do so, by what appears to us to be a misconstruction of the marriage settlement.

Our opinion is, that, by a sound interpretation of that instrument, it can operate only upon the third part of the estate, to [195]*195which Mrs. Price was entitled; and that the children were to be maintained and educated out of the income, (and, if necessary, the capital) of that portion, only, of the estate: leaving the other two-thirds, with its income, to be accounted for, by the administrator, as the property of the children.

Let us read such portions of the settlement as relate to this point, bearing in mind, at the same time, that Mrs. Price, the settler, had no power to dispose of any thing beyond her own property. After reciting the marriage contemplated between herself and Price, and that she had four children, and was entitled to a third part of her late husband’s estate, with a proportionate share of the rents, profits and increase thereof, — the settlement proceeds to state, that - “ it hath been agreed, that the said D. B. Price, after the said intended marriage, should receive and enjoy the said property belonging to the said Martha, during the said marriage, — he appropriating so much thereof as may be necessary to the purpose of boarding, clothing and tuition of the said children,” — “ with the physician’s bills and other expenses, — and making no charge against them, for said purposes.” Here we have an exact description of the property to be settled, and an annunciation of the objects and terms of the settlement. Then follows the conveyance of the property by its owner, in which she conveys, to the trustee, all and singular her right, title and interest ” in her undivided third part of the real and personal estate and choses ” of her late husband, and of “ the rents, increase, interests and profits thereof,” since his death: in trust, that J. D. Price, the trustee, “ shall suffer the said D. B. Price,” the husband, “ to use, have, receive, occupy and enjoy all the interests and profits of the said property.” Now, what property can this expression refer to, other than that, before described, as the property, or share, of Mrs. Price, which she had conveyed to the trustee, and, as to which alone, he, as legal owner had power to suffer, or allow, the use to the husband ? The instrument immediately proceeds, after thus speaking of the use of the said property, in a parenthetical form, to throw in the provision, “ (allowing the property, itself, to remain undivided.)” This [196]*196evidently refers to the said property : i. e. to the thirds of the •widow, which she had granted, and of which the trustee was to allow the use to the husband.

But, to continue. It was to be kept together and the use of it allowed to the husband, “ so long as the said marriage shall continue,” i. e. during the joint lives of the married parties. But it “ shall not continue unto the said D. B. Price after the termination of the said marriage,” i. e. if he shall become the survivor by the death of his wife, longer than the term at which the eldest of the said children shall arrive at the age of twenty-one years, or marry.” What is to be done with it in that event ? The instrument answers, it is “ to be equally divided, and delivered to the survivor, or survivors, of the said children.” Until that time it is to remain undivided.” The reference is constantly to the same property ,• and that is the widow’s share. This the husband is to have the use of; and the stipulation is, that, having this use — “ the said D. B. Price shall maintain and educate the said children,” “ without making any charge against them, or either of them:” and, lest the income of the settled property might not suffice, for accomplishing this purpose, the trustee is to “ permit the said D. B. Price to use the principal of the said property.” (This certainly cannot refer to the general estate, over which the trustee had no control.)

And the deed closes by a provision which shows that, throughout, the widow’s share alone was in the mind of the parties. The provision is, that, if Mrs. Price should survive her husband, the trustee should re-convey her third to her, or what might remain of it) unexpended.

Thus it appears, from a fair reading of the deed, that the husband, so far from being entitled to charge either the principal or income of the children’s own shares, was bound to exonerate these shares from all charge, by employing the income, and, if necessary, the principal of his wife’s share, which was settled, for their maintenance and education.

We think this settlement was good as between the parties and • the trustee. The informalities pointed out by the Commissioner [197]*197might possibly vitiate it as against John N. Williams,-the surety to the joint administration of D. B. Price and wife; but if it were set aside, it could not benefit this surety. A joint administration granted to husband and wife, according to the case of Span vs. Stewart,

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Bluebook (online)
24 S.C. Eq. 172, Counsel Stack Legal Research, https://law.counselstack.com/opinion/lewis-v-price-scctapp-1850.