Meyer Bros. Drug v. White

65 S.W. 295, 165 Mo. 136, 1901 Mo. LEXIS 262
CourtSupreme Court of Missouri
DecidedNovember 19, 1901
StatusPublished
Cited by3 cases

This text of 65 S.W. 295 (Meyer Bros. Drug v. White) is published on Counsel Stack Legal Research, covering Supreme Court of Missouri primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Meyer Bros. Drug v. White, 65 S.W. 295, 165 Mo. 136, 1901 Mo. LEXIS 262 (Mo. 1901).

Opinion

BRACE, P. J.

The defendants in this case are Charles T. C. White, William Hay Bockes, and the Eirst National Bank of Saratoga Springs, New York.

By general warranty deed dated the eighth day of May, 1893, the said White and his wife, Mary E. White, conveyed a tract of land situate in Monroe county, described in the petition, “containing 600 acres more or less, subject to k mortgage of .$8,000, due June 1, 1896, to the said Bockes, which deed was on the same day duly acknowledged and recorded among the land records of said county, and afterwards delivered to the said Bockes. At the time of the execution of this deed the said defendant White was indebted to the nlaintiff on three promissory notes, one dated December 12, 1892, for $1,146.95, one dated January 12, 1895, for $1,154, and one dated February 12, 1893, for $1,161.96, bearing interest from date at the rate of eight per cent per annum, in the aggregate sum of $3,462.91, with interest, according to the tenor of said notes. Afterwards, on the third day of June, 1893, the plain[139]*139tiff instituted suit by attachment on said promissory notes in the circuit court' of said county, and on the same day the writ of attachment was levied upon said land. On the sixth of June, 1893, he filed notice lis pendens thereof, and on the same day instituted this suit, which is an action to set aside and annul said deed on the ground that the same “was without consideration and was made with the fraudulent intent on the part of Charles T. C. White to hinder, delay and defraud his creditors, and especially to hinder, delay and defraud this plaintiff, and that said deed was, after the institution of the attachment suit .... delivered by said defendant White to and accepted by the said defendant Bockes with full knowledge on his part of the fraudulent intent aforesaid of the said Charles T. C. White, and with the further fraudulent intent on the part of each of said defendants to hinder, delay and defraud the creditors of Charles T. O. White, and especially to hinder, delay and defraud this plaintiff.” The consideration recited in the deed is $22,000. Bockes is a brother-in-law of White. At the time of the execution of the deed, and for many years before, Bockes was, and since has been, the cashier of the Eirst National Bank of Saratoga Springs, New York, and as such was its chief executive officer and general manager. The deed was signed by White and wife and acknowledged at Paris, the county seat of Monroe county, filed by White for record, and forwarded by mail, addressed to “Wm. Hay Bockes, Cashier, Saratoga Springs, New York,” and the evidence tends to prove that it was delivered before the attachment suit was instituted. The evidence also tends to prove that the land at that time was worth about $15,000. It also ippears from the evidence that White at that time was insolvent, was not indebted to Bockes, and that Bockes personally paid no consideration for the deed. But that White was indebted to the bank in the principal sum of $25,831.91, for money obtained by him from the bank through Bockes, on discounts and renewals of White’s paper, running through a series of years — which [140]*140indebtedness was evidenced by promissory notes of dates, in amounts, and due as follows:

April 5, 1893, $9,264.50, due on demand.
December 17, 1892, $4,480.00, due March 8, 1893.
December 19, 1892, $2,890.00, due April 27, 1893.
December 31, 1892, $238.41, due May 3, 1893.
January 9, 1893, $4,182.00, due April 24, 1893.
January 12, 1893, $4,777.00, due May 3, 1893.

It does not appear that Bockes, the bank, or any of its officers, were cognizant of the financial condition of White at the time the deed was made.

Afterwards, on the thirteenth of January, 1894, by deed duly acknowledged and recorded, Bockes and wife conveyed the land to one Millard Lister, an unmarried employee of the bank, who thereupon executed an instrument in writing, declaring that he held the title for the bank.

Afterwards, at the April term, 1897, of the Monroe Circuit Court, the attachment was tried upon plea in abatement and sustained, and at the April term, Í898, of said court, the plaintiff’s cause of action therein was tried upon its merits and it obtained judgment for $4,922.68, and at the same term it filed a second amended petition herein, to which at the same term the joint answer of all the defendants was filed, putting in issue all the material allegations of the petition, and setting up new matter upon which they asked affirmative relief inter sese. Issue was joined by reply, and upon the issues thus made up, the case was tried at the November term, 1898, of said court, the issues found for the defendant, and the following judgment and decree made and entered, upon the finding:

“Thereupon it is by the court considered, adjudged and decreed that the plaintiff take nothing by this suit, and that the plaintiff go hence without day; that said First National Bank of Saratoga Springs, New York, have and recover of said Charles T. O. White the sum of $34,683.17, and that execution issue therefor, and that all the fee simple absolute title in [141]*141said land, subject to said deed of trust incumbrance of $8,000 and unpaid interest, be sold at public vendue to the highest and best bidder for cash at the next term of this court, and that the proceeds thereof be applied: first, to the payment of all expenses, fees and commissions incurred in making said sale; second, to the payment of said indebtedness of said Charles T. O. White to the said Eirst National Bank of Saratoga Springs, New York; and that the residue, if any, be paid to the said William Hay Boekes in his sole right. It is further by the court considered, adjudged and decreed that should said prior deed of trust be foreclosed before sale under this decree, the surplus proceeds of said sale be paid into the hands of the sheriff of Monroe' county, Missouri, for administration and' application in conformity to this decree. It is further ordered by the court that the defendants have and recover of the plaintiff final judgment, dismissing plaintiff on the merits, and that defendants recover of plaintiff their costs by them about this suit in this behalf expended, and that execution issue therefor; and it is further ordered that for the purposes of said sale and distribution, this cause be continued to the next term of this court.” Erom which the plaintiff appeals.

The statute under which this action was brought provides that “any attaching creditor may maintain an action for the purposes of setting aside any fraudulent conveyance, assignment, charge, lien or incumbrance of or upon any property attached in any action instituted by him.” [R. S. 1899, sec. 416.]

The only issue to be tried in this case was, whether the deed of May 8, 1893, from White and wife to Boekes, was fraudulent by reason of the, fact that it was without consideration, or was made to hinder, delay or defraud the creditors of White, as charged in the petition. The court found that issue for the defendant, dismissed the plaintiff’s bill, and rendered judgment against them for costs. That was a final judgment against them on the only legitimate issue in the case. Erom [142]*142which, they appeal to this court, and the review here must be confined to the action of the court in the trial and determination of that issue.

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64 F.2d 210 (Eighth Circuit, 1933)
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Bluebook (online)
65 S.W. 295, 165 Mo. 136, 1901 Mo. LEXIS 262, Counsel Stack Legal Research, https://law.counselstack.com/opinion/meyer-bros-drug-v-white-mo-1901.