Peirce v. Graham

7 S.E. 189, 85 Va. 227, 1888 Va. LEXIS 32
Supreme Court of Virginia·Decided August 16, 1888·Published·Cited by 24 cases

Opinion

Lacy, J.,

delivered the opinion of the court. .

The history of this controversy, as it is set forth in the trans-script before us, is briefly stated as follows: On the 6th day of June, 1875, William Peirce, of the county of Wythe, died, leaving the appellant, Emeline Peirce, and their five infant children, the other appellants, surviving him; the oldest child at that time being in his tenth year, and the youngest in his third year. His will was duly probated, by which he gave to his wife one-third of his property for life. The residue, including the remainder at the death of his wife, he divided equally among his children; and by his will appointed two of his friends, John C. Roper and David P. Graham, his executors, but the latter, who was his relative, alone qualified as executor. The real estate of the said William Peirce consisted of twenty-one hundred acres by a recent survey, and is very valuable. On the 31st day of January, 1876, seven months after the death of the said William Peirce, Graham, the said executor, instituted a suit in chancery, in which the widow and children were joined as plaintiffs, against William Gibboney and others, creditors of the estate of the said Peirce; the object of this suit being to sell the real estate to pay debts of the estate. An account was ordered in the cause in vacation, on the 4th day of August, 1876, of the transactions of the executor and of the debts of the estate. The latter appeared [229] to be, principal and interest, $8,406.13. At tbe next ensuing term of the circuit court of Wythe, the bill was taken for confessed, and the report of the commissioner of the debts, etc., confirmed, and a further account ordered of the debts, and a commissioner appointed to sell, rent or lease for a term of years the real estate in the bill mentioned. This commissioner was shortly removed and another appointed at the March term, 1879, to execute former decrees in the cause, to sell the lands, or so much as might be necessary to pay the debts, subject to the widow’s dower; $800 to be required in cash, and the residue upon a credit of one, two and three years’ equal instalments.. This was at the March term, 1879. In October following another bill was filed by the executor against the widow and her infant children, having the same object as the first; and, at the December term following, the bill was taken for confessed as to all the defendants, and a guardian ad litem appointed, who filed a formal answer; and, at another day in the same term, another decree was rendered, by which the two causes were brought on to be heard together, and the same commissioner ordered to execute former decrees. At the March term following, 1880, a decree was rendered in the cause, confirming a sale in the meantime made, and referred to in the decree. A report of this sale, filed in the papers in the cause at some time, undated and unindorsed (which is objected to for that cause), sets forth that this sale was made March, 1880, to “ Messrs. Crockett & Co., i. e., to M. B. Tate, John W. Robinson, and James S. Crockett,” for $35,000, $2,000 in cash, and residue on a credit of one, two, and three years, and that in this sale the widow’s dower was included by permission. At the March term, 1880, this sale was confirmed, and the widow’s dower valued by report of commissioner at $7,824.40. By decree' of the March term, 1881, the same commissioner was ordered to collect bonds and pay debts pro rata. At the March term, 1882, the guardian of the children was required to give bond in the penalty of $30,000. At the September term, 1882, the said [230] commissioner was directed to make a deed to the purchasers of this land, to-wit: M. B. Tate, James S. Crockett, John W. Robinson, D. P. Graham, R. C. Hoffman, and James Moore, who do business as the New River Iron Company, or such other name as they direct. And at the December term, 1883, it is recited that the said deed had been by the direction of the-said persons made to “ The Foster Falls Manufacturing Co.” At the September term, 1886, a decree was rendered in the cause by which a report of the commissioner was received and confirmed; and, it appearing therein that $22,988.24 had been collected and disbursed, less $112.37, and that the residue of the purchase money had not been collected, but had been secured by a lien retained on the face of the deed made to the said “The Foster Falls Manufacturing Co.,” as a lien in favor of the heirs of William Peirce, it was recommended that the said balance remain as it is—that is, uncollected—as a safe investment for the infant heirs, and by the decree it was so left; and the $112.37 in hand decreed to be paid over to John W. Robinson, guardian of the infant children of William Peirce, deceased, and the cause stricken from the docket; this decree being rendered, as stated, at the September term, 1886.

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Peirce v. Graham, 7 S.E. 189, 85 Va. 227, 1888 Va. LEXIS 32 (Va. 1888).

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