Meyer v. Christopher

75 S.W. 750, 176 Mo. 580, 1903 Mo. LEXIS 119
Supreme Court of Missouri·Decided July 2, 1903·Published·Cited by 14 cases

Opinion

MARSHALL, J.

These two cases are separate cross-actions in equity, but they grow out of the same transaction. The case made is this: On January 30, 1883, Elizabeth G. Williams was the owner of the lots in controversy here, being lots 8 and 9, in block 12, of Dundee Place, an addition to Kansas City, and on that date she executed a deed of trust upon said lots to secure two notes for $1,500 each, with interest coupons attached, payable, respectively, January 1, 1886 and 1888, and payable to the Dundee Mortgage, Trust and Investment Company, Limited, of Dundee, Scotland.

Edward E. Holmes was the attorney in fact, at Kansas City, of the Dundee Mortgage, Trust and Investment Company (referred to hereinafter, for the sake of brevity, as “the Trust Company”), and he testified that in May and June, 1886, he had possession of said notes for the Trust Company, and that “Mr. Pratt, of some place in New York, I don’t remember the place, wrote and asked how much it would take to procure an assignment of these notes, or whether we would assign them or not. And this is my recollection, although it is fourteen years ago, it is as clear as anything can be during that length of time. Subsequently, Mr. Groves remitted from the same place, or near the same place, I think from the same town, the amount required by me to pay it off, and he didn’t mention in his letter that he wanted an assignment, and it had slipped my memory and I stamped the notes ‘Paid,’ and went«up and released them. ”

The release was entered on the margin of the record as follows: ‘ ‘ This deed of trust is satisfied in full, both principal and interest. Witness my hand and seal this [584]*58418th day of May, 1888. The Dundee Mortgage, Trust and Investment Company, Limited. [Seal] By Edward E. Holmes, attorney in fact. Countersigned by A. M. Gossett, attorney. Witnessed by C. D. Lucas, recorder, by Fred Matting, deputy recorder. ’ ’

Mr. Holmes further testified that after he had marked the notes “Paid,” and had released the deed of trust, ‘ ‘ I sent the notes to Mr. ■ Groves, and he immediately wrote me that he did not want them marked paid; that he had distinctly asked me for an assignment, and that I had given him the figures at which I would assign them: I looked up the correspondence and found that that was the fact, and that I had made a mistake. Then I wrote to him that the only thing I could do to rectify my error was to mark on the notes that they were stamped by mistake and file the statement which is copied in that abstract, which I did do. ’ ’ He. further testified that he marked on the notes that they were paid by mistake and made a formal assignment of the notes and sent them to Groves, and had never seen them since, and that on June 11, 1886, he filed for record iu' the office of the recorder of deeds of Jackson county, the following notice:

“To whom it may concern, notice is hereby given that Charles C. Grove, of Erie county, in the State of New York, claims that the release made bythe Dundee Mortgage, Trust and Investment Company, by E. E. Holmes, attorney in fact, and Alfred N. Gossett, attorney, on the margin of a deed of trust in favor of the Dundee Mortgage, Trust and Investment Company, recorded in Jackson county, Missouri, in book B No. 81, at page 325, made by E. G. Williams and husband to the Dundee Mortgage, Trust and Investment Company, Limited, was entered by mistake and that said deed of trust was to have been assigned to him by said company without recourse and all persons are cautioned against buying said premises without release from him until said claim is adjusted.
[585] “In witness, the said company has hereto set its hand by Edward E. Holmes, attorney in fact, this 10th day of June, 1886.
4 4 The Dundee Mortgage, Trust & Investment Co., Ltd.,
4 4 A. N.'Gossett, Attorney.
4 4 by Edward E. Holmes,
4 4 Attorney in fact. ’ ’

In the interim between the 28th of May, 1886, when the deed of trust was released, and the 11th of June, 1886, when the notice above set out was filed, to-wit, on May 21, 1886, Elizabeth G. Williams and husband conveyed the lots to Charles H. Pratt, subject to the said deed of trust, and Pratt assumed and agreed to pay the said notes secured by said deed of trust.

Some time thereafter, and before April 1, 1893,. (the date is not shown nor is the deed in evidence), Pratt conveyed the property to Lilla L. Bliss, and on April 1,1893, Mrs. Bliss entered into a written contract with Mr. Meyer to sell him the lots for ten thousand dollars, to be paid for in the following manner: $250 when the contract was signed; $500 when the deed was delivered; $400 in thirty days; $400 in sixty days; $450 in ninety days; $1,000 in two years; $1,000 in three years; $1,000 in four years, and $5,000 in five years; and to furnish an abstract of title and to give him a warranty deed, and if the title was found defective, to rectify the defects within a reasonable time, not to exceed thirty days, “but-in case such defects in the title can not be cured or remedied within that period, and no extension is had between the parties, this contract is to be null and void. ’ ’

On April 5, 1893, Mrs. Bliss conveyed the lots by a warranty deed to Mr. Meyer, and he paid her $750 in cash, and gave her notes, as agreed, for the balance, except the note for $5,000, which was placed in the hands of Mr. Leon Block, as hereinafter explained.

[586] An examination of the records disclosed the state of affairs hereinbefore set ont as to the release of the deed of trust, and the notice, and thereupon the parties entered into the following written agreement:

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Meyer v. Christopher, 75 S.W. 750, 176 Mo. 580, 1903 Mo. LEXIS 119 (Mo. 1903).

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