McPherson v. Smith

2 N.Y.S. 60, 56 N.Y. Sup. Ct. 254, 17 N.Y. St. Rep. 19, 49 Hun 254, 1888 N.Y. Misc. LEXIS 35
New York Supreme Court·Decided June 19, 1888·Published·Cited by 3 cases

Opinion

Macomber, J.

The defendant refused to take the deed of the two lots sold to him by the plaintiff on the ground that the title was not marketable. It appears from the submission papers that the plaintiff derived his title by several .mesne conveyances, as to one of said lots, from Jeanet Clarke, a widow, one of the three daughters of James R. Smith. The plaintiff’s title to the other lot was derived by several intermediate conveyances from Matthew St. Claire Clarke and Anna It. Clarke, his wife; the latter being another of the daughters of James R. Smith, and Matthew St. Claire Clarke being a son-in-law, and the executor and trustee under the will and codicil, of James R. Smith. The testator left another daughter, Elizabeth C., who, after the testator’s death, married one Joseph Duncan. James R. Smith, the testator, died in 1817, leaving a will, and codicil thereto, by which he appointed four executors and trustees, of whom said son-in-law Matthew St. Claire Clarke was one, and James Boorman was another. These trustees, or their survivor or survivors, were clothed by the will with power to sell the testator’s real estate, in their discretion, at public or private sale; but they held certain portions of the estate, of which the two lots mentioned above formed a part, in trust for the benefit of the said three daughters during life, with remainder over The twelfth paragraph of the will, among other things, provided as follows: “ And if either of my daughters shall die without lawful issue, or leaving issue which shall not attain the age of twenty-one years, and without issue, then the share or portion of my said daughter, after the death of her husband, or if there be no husband living at her death, shall go and be divided among my other children, share and share alike, and to their issue in case of the death of either of them, share and share alike, such issue to take the portion that would have belonged to his, her, or their father or mother. ” At the time of the conveyances to the three daughters hereinafter mentioned, namely, December 26, 1829, they each had children living, but none of them had attained the age of 21 years. On the last-mentioned day the two surviving trustees under the will, viz., the son-in-law Matthew St. Claire Clarke and James Boorman, conveyed the real estate of the testator in the city of Sew York, including these two lots in question, to Robert Dyson, in which deed the widow and the son, James G. R. Smith, and wife, and Anna E. Clarke, the wife of the trustee of that name, and Elizabeth C. Duncan and her husband, Joseph Duncan, joined, for the expressed consideration of $61,-710.59. On the same day three deeds were executed by Dyson: one to the widow, Jeanet Clarke, covering one of the lots in question, for the expressed consideration of $21,573.18; the second, to said trustee Matthew St. Claire Clarke and his wife, Anna, conveying another portion of the property, including the other lot in question, for the expressed consideration of $21,614.56; ' the third, to Joseph Duncan and his wife, Elizabeth, for the expressed consideration of $21,522.90,—thus conveying to the life-tenants and their husbands all the real estate which had been conveyed to Dyson by the surviving trustees. It appears, therefore, that Dyson was a mere conduit to pass the title out from under the trusts imposed by the will, so far as it relates to the execution of it in behalf of the heirs of the three daughters, and to place it in the hands of the life-tenants. The aggregate sum of the three amounts recited in the conveyances as having been paid to Dyson is exactly equal to the amount recited as paid by Dyson in the deed conveying the property to him. [62] The four deeds were placed on record at the same time, about a year after their date.

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McPherson v. Smith, 2 N.Y.S. 60, 56 N.Y. Sup. Ct. 254, 17 N.Y. St. Rep. 19, 49 Hun 254, 1888 N.Y. Misc. LEXIS 35 (N.Y. Super. Ct. 1888).

2 N.Y.S. 60 (McPherson v. Smith) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

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