Owens v. Taylor

13 Ohio C.C. Dec. 612, 3 Ohio C.C. (n.s.) 98
CourtLicking Circuit Court
DecidedOctober 15, 1899
StatusPublished

This text of 13 Ohio C.C. Dec. 612 (Owens v. Taylor) is published on Counsel Stack Legal Research, covering Licking Circuit Court primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Owens v. Taylor, 13 Ohio C.C. Dec. 612, 3 Ohio C.C. (n.s.) 98 (Ohio Super. Ct. 1899).

Opinion

VOORHEES, J.

This case is in this court on appeal, and is a controversy arising between Waldo Taylor, assignee of William Shields, and Margaret J. Shields and Tucius B. Wing.

The contention grows out of a deed of assignment made by William Shields to Alonzo P. Taylor on November 23, 1878, and by Alonzo P. Taylor and William Shields to John H. and Benjamin Franklin, on December 4, 1878. In these deeds of assignment the property is described as all the lands and tenements, with their appurtenances., including all city and town lots, situated in the county of Ticking; also, the real estate owned by Shields in the city of Columbus, Ohio, particularly described; also, 1180 shares ot the capital stock of the Newark Coal Company, -which was hypothecated to different parties as collateral security; also, 200 shares of the capital stock of the Ticking Iron Company, which was hypothecated as collateral security to Nicholas Duper & Company, of Boston, excepting and reserving from the deed the homestead rights.

Alonzo P. Taylor, on December 3,1878, resigned said trust, and the probate court appointed John H. Franklin and Benjamin Franklin trustees instead of said Taylor; and Taylor and Shields, by deed of that date, granted, sold and conveyed to the Franklins, all the lands, tenements, and all the right and title in said Taylor vested by virtue of said deed, as expressed and described therein, reference being had to said deed for a more particular description of the property.

[614]*614So it will be observed that the Franklins, as trustees, got no more property, nor any different property, than what was originally transferred to Alonzo P. Taylor, in trust for Shields.

The instrument of writing, under which Margaret J. Shields and Rucius B. Wing claim the funds in controversy, was executed March 9, 1890. After the assignment, Charles W. Snider took from William Shields an assignment of the claim involved in this action.

The date of the assignment was sometime after March 22, 1886. This assignment was for the benefit of Snider and was to secure him for $427.64, with eight per cent, interest from March 9, 1890. On that day he agreed to pay over to Shields all the money other than the $427.64 and interest realized from the judgment in favor of Gibson Atherton, trustee, against the Newark, Somerset & Straitsville Railroad Company, in which Shields was entitled to a distributive share. On the same day William Shields assigned. this money to Charles R. Shields, who, on July 25, 1898, assigned it, one-half to Margaret J. Shields and one-half to Rucius B. Wing.

The question we are called upon to determine in this case is : Does the deed of assignment, originally to Alonzo P. Taylor, carry with it this chose in action which is now in controversy, and claimed by the defend* ant, Waldo Taylor, assignee, as being assets which were assigned originally to the assignee Alonzo P. Taylor, who was succeeded by the Franklins, and, by virtue of that assignment, it passed in trust from William Shields, and therefore William Shields’ later assignment could have no effect upon the trust fund ?

That is the only controversy now before us for determination; and it is the single question, whether or not the deed of assignment in this case is broad enough to carry and cover all the property then owned by Shields.

Attention has been directed to Sec. 6343, Rev. Stat., as amended April 26,1898, 93 O. R. 290, and it is contended by counsel for defendant that under the section as amended, the property in controversy is to be controlled and the rights of the parties thereto are to be determined by the statute as amended.

Section 6343, Rev. Stat. before it was amended was as follows, 56 O. R. 231, Sec. 16.

“ All assignments in trust to a trustee or trustees, made in contemplation of insolvency, with the intent to prefer one or more creditors, shall inure to the equal benefit of all creditors in proportion to the amount of their respective claims, and the trusts arising under the same shall be administered in conformity with the provisions of this act.”

[615]*615It will be observed that an assignment to come witbin the provisions of the statute must be made with intent to prefer one or more creditors of the assignor. This was not the expressed intention, at least, of this deed of assignment made by William Shields to Alonzo P. Taylor. There was no purpose, so far as the deed of assignment was concerned, indicating that the intention was to prefer any special or particular creditor. It was for the creditors generally, so far as the property therein assigned was concerned.

The amendment is somewhat broader. As amended, 93 O. R. 290, it reads as follows:

“ Every sale, conveyance, transfer, mortgage or assignment, whether made in trust or otherwise, by a debtor or debtors, and every judgment suffered by him or them, and every act or device done or resorted to by him or them, in contemplation of insolvency, or with a design to prefer one or more creditors to the exclusion in whole or in part of others, and every sale, conveyance, transfer, mortgage, or assignment made, or judgment suffered by a debtor or debtors, or procured by him or them to be made, in any manner, with intent to hinder, delay or defraud creditors, shall be declared void as to creditors of such debtor or debtors, at the suit of any creditor or creditors, as hereinafter provided, and shall, operate as an assignment and transfer of all the property and effects ofi such debtor or debtors, and shall inure to the equal benefit of all cred- ■ itors of such debtor or debtors in proportion to the amount of their’ respective demands,” etc.

The section as amended is broader and would seem to cover all the property of the debtor. But can it be made applicable to this case ? If! the statute is broad enough to cover such a case as this, yet it could not affect rights of these parties, because this amendment was passed’long after the accruing of the rights of the parties in this action. It could not affect any vested rights of the parties, and the question must be determined as the law was under Sec. 6343, Rev. Stat., before this amendment; and it is very clear that it could not reach or control this case.

The question then is, whether, under the general law of assignments, regardless of the statute, this deed of assignment is broad enough to cover this property which is not specifically named in the deed of assignment.

This deed of assignment does not transfer to the assignee all of the property of the assignor. There is no such comprehensive language in the deed of trust, but it is limited to specific real estate named in the deed, and also specific personal property designated in the same instrument There are no terms of the deed of assignment broad enough to [616]*616reach all of the property that Shields owned at that time. What is the effect of this ? Can this deed be construed as including property not described in the deed when it has specifically named some of the property ?

In Burrill on Assignments, at page 142, the author says:

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Bluebook (online)
13 Ohio C.C. Dec. 612, 3 Ohio C.C. (n.s.) 98, Counsel Stack Legal Research, https://law.counselstack.com/opinion/owens-v-taylor-ohcirctlicking-1899.