Manchester v. Mathewson

3 R.I. 237
CourtSupreme Court of Rhode Island
DecidedSeptember 6, 1855
StatusPublished

This text of 3 R.I. 237 (Manchester v. Mathewson) is published on Counsel Stack Legal Research, covering Supreme Court of Rhode Island primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Manchester v. Mathewson, 3 R.I. 237 (R.I. 1855).

Opinion

Staples, C. J.

Henry Mathewson, in his life time, filed his bill in equity against Ms son, Henry C. Mathewson, charging that in the year 1833, the complainant formed a copartnership with the respondent, and Albert H. Manchester and Ephraim S. Jackson, his sons-in-law, under the name of the Providence Coal Company, as dealers in Coals, by articles of agreement in writing ; that said partners were equally interested in the profits and loss of the concern; that the agent was on the first of April in each year to take an account of *239 stock, and tbe situation of the company’s affairs, and that the funds of the company were to be raised on the notes of the complainant, endorsed by said Manchester and Jackson; which articles of agreement, the complainant charged were in the possession of the respondent, and which he prayed the respondent might be required to produce.

The bill further charges that this co-partnership continued unitil the 23d day of April, 1836, when said Manchester and Jackson withdrew therefrom and relinquished their interest therein to the complainant and the respondent, who thenceforth continued the business as co-partners under the same name and style, until the day of , when the name was changed to that of “ Henry C. Mathewson,” under which name they continued doing business in company until the day of July, 1840.

The bill further charges that the complainant, during the existence of the first co-partnership, advanced his notes to said firm to the amount of twenty thousand dollars, which, with other funds advanced by the complainant, formed the capital of said firm, which other sums are specified in the exhibit marked B, annexed to his bill, and amounting with interest up to the first day of January, 1850, to the sum of $4,302 99, and never withdrew any, except a trifling amount, therefrom.

That the respondent was the agent of said firm from its commencement until its close, but that he never rendered annual accounts, or any accounts, of his said agency, but withdrew large sums of money therefrom, amounting up to the first day of January, 1839, to the sum of $3165, without rendering any account thereof.

*240 That about the first day of January, 1838, the complainant gaye his note for $500 to the respondent, which he procured to be discounted at the Union Bank for the use of the firm, and when he afterwards paid it out of the funds of the firm, charged the complainant personally with the same.

That about the 16th day of February, 1838, the respondent took the sum of $445 00 from the trunk of the complainant at his request, to pay to Wm. Blodget & Co. on account against the complainant, and that he then subsequently charged to the complainant the amount so paid.

The bill further alleges, that at the dissolution of said firm, it was agreed between the complainant and respondent that the respondent should settle up the concerns of the firm and pay over to the complainant the sums he had advanced said concern, with one half the profits made by the same : and charges that the business of said concern, after said Manchester and Jackson withdrew from the same, was very profitable, and that he, the complainant, is entitled to one half part of the said profits.

The complainant also charges in his bill, that on the day of March, 1834, he constituted the respondent his trustee, bailiff and receiver of certain real and personal property, bank stock, goods, chattels and evidences of debt, and monies, to be managed by said respondent, for the use and benefit of the complainant in and about certain, business transactions and affairs of the complainant, and that the respondent then Undertook said trust and receivership and faithfully to administer said property and to account for the same to the complainant, *241 but that he hath converted a large part of the same to Ms own use, and that the principal items of said trust property are specified in the schedule annexed to said bill and marked 0.

The bill further charges, that the 'respondent on the 11th day of March, 1846, rendered an account to the complainant, in which he blended together said co-partnership account and said trust account, which account is grossly erroneous, but that he has refused to render a just and true account in said premises.

The bill then prays that the respondent may answer upon oath and discover and make known all and singular the matters aforesaid,” and that as fully and particu.larly as if the same were again repeated and he distinctly interrogated thereto, and more especially that he discover and make known in manner aforesaid, certain matters particularly specified in fifteen interrogatories propounded to the respondent.

The bill also prays an account of the partnership property and effects, and a decree against the respondent for payment to the complainant of what shall be found due to him on taking said account: and also what shall be found due on said trust account, or that the said respondent may be decreed to pay to the orator the balance of said personal trust property, other than mortgages, and to re-convey said real estates to the orator, and to transfer to him said mortgages, or that the said mortgages be decreed to be cancelled and discharged, and that the respondent may be restrained and enjoined, by order and injunction, from 'all transfers and conveyances of said real estate and mortgages: that the said respondent may be ordered to bring into Court said co- *242 partnership articles, and all the books and papers that relate either to said co-partnership affairs, or said trust property, and that the orator may have such other and further relief, as the nature of the circumstances of this case may require, and to the Court shall seem meet.

The answer of the defendant • admits the existence of a co-partnership between the respondent, complainant and Manchester and Jackson, from the 18th day of March, 1883, to the 23d of April, 1836, and denies the existence of any co-partnership between him and the complainant after the last named date.

It denies that there oyer were any written articles of co-partnership executed between the parties, or any verbal agreement that the agent should on the first day of April in each year take an account of the stock and situation of the company’s affairs, or that at the commencement of said firm it was agreed that the funds of the company should be raised on the notes of the complainant, endorsed by said Manchester and Jackson.

The answer of the defendant asserts that at the dissolution of said partnership, on the 23d day of April, 1836, it was agreed by the partners that he, the defendant, should take the claims and property of said firm and pay their debts, and that there were no partnership funds or profits to divide.

The answer of the defendant further admits, that during the existence of said co-partnership, said complainant gave certain notes which were endorsed by Manchester and Jackson, for the business capital of said firm, and denies that said complainant or his property ever paid, or was taken to pay, said notes, or any of them, and asserts that all that were paid during said co- *243

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Bluebook (online)
3 R.I. 237, Counsel Stack Legal Research, https://law.counselstack.com/opinion/manchester-v-mathewson-ri-1855.