Potter v. Whitten

142 S.W. 453, 161 Mo. App. 118, 1911 Mo. App. LEXIS 698
CourtMissouri Court of Appeals
DecidedDecember 4, 1911
StatusPublished
Cited by12 cases

This text of 142 S.W. 453 (Potter v. Whitten) is published on Counsel Stack Legal Research, covering Missouri Court of Appeals primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Potter v. Whitten, 142 S.W. 453, 161 Mo. App. 118, 1911 Mo. App. LEXIS 698 (Mo. Ct. App. 1911).

Opinion

NIXON, P. J.

This is an appeal from an order of the circuit court of Jasper county quashing a general execution and writ of garnishment issued thereon in a case entitled John A. Potter, Plaintiff, v. E. G. Whitten, Defendant. The petition in that case (which was' introduced in evidence in this proceeding) recited the making of a promissory note on November 17, 1909, by Whitten to Potter for the sum of $1,658.131, payable four months after date, bearing interest at eight per cent, per annum, and that as collateral security Whitten deposited at the time of making said note with the Joplin Trust Company, 5',008 shares of the capital stock of the Consolidated Mining Company, said stock being of the par value of $25 per share, with the understanding that said stock would be delivered by said Joplin Trust Company to Potter upon failure of Whitten to pay said note when due. After the allegation of non-payment of the note follows a prayer for judgment for the sum of $1,658.13 with interest and costs, “and that said certificate of the capital stock of said Consolidated Mining Company, comprising 5,008 shares of the capital stock thereof, [123]*123of the par value of $25 each, be sold to satisfy said judgment or part thereof and for such other and further orders and judgments as to the court may seem meet and just.” The promissory note in question (also introduced in evidence in this proceeding) contains this provision: “Collateral security of 5,008 shares of stock in Consolidated Mining Company of Ind. Ter. with full authority to Potter to sell same at private or public sale without notice of non-payment of this note subject to 60 days’ extension.” This note was attached to the petition in the original action as an exhibit.

Defendant appeared in the original action and filed an answer denying generally the allegations of the petition.

Thereafter, at the April term, 1910, the following judgment was entered:

“John A. Potter, Plaintiff, v. E. G-. Whitten, Defendant:
“Now at this day this cause comes on for trial; the plaintiff appears by PI. S. Miller, his attorney, and it appearing to the court that the defendant has heretofore appeared and filed an answer herein, and now failing to further appear and plead, answer or demur to the plaintiff’s petition the same is taken as confessed; and the plaintiff not requiring a jury, all and singular the matters in issue are submitted to the court for trial; after hearing all the evidence and being fully advised in the premises, the court finds the issues in favor of the plaintiff; that the defendant is justly indebted to the plaintiff in the sum of $1,724.45 and that plaintiff'is entitled to recover that amount from the defendant as his debt and damages.
“The court further finds that for the purpose of securing the payment of the note sued on herein the defendant indorsed in blank and delivered and pledged to the plaintiff Certificate No. 25 issued to defendant for 2,000 shares of the par value of $25 each [124]*124of the capital stock of the Consolidated Mining Company, a corporation organized under the laws of the Indian Territory; said stock being dated October 19', 1908, and-That by reason of the premises the plaintiff is entitled to and has a first lien upon said 2,000 shares of said capital stock securing the payment of said debt aforesaid.
“The court further finds that for the purpose of securing the payment of the note sued on herein, the defendant indorsed in blank and delivered and pledged to the plaintiff Certificate No. 30 issued to the defendant for 3,008 shares of the par value of $25' each of the capital stock of the Consolidated Mining Company, a corporation organized under the laws of the Indian Territory, said certificate being dated November 20, 1908, and that by reason of the premises the plaintiff is entitled to and has a first lien upon said 3,008 shares of. said capital stock securing the payment of the debt aforesaid.
“It is therefore considered, ordered and adjudged by the court that the plaintiff have and recover of and from defendant the sum of $1,724.45, the debt and damages so found due by the court as aforesaid, which judgment shall bear interest at the rate of eight per cent, per annum and for costs.
“It is further ordered and adjudged by the court, that said sum of $1,724.45 so found and adjudged to be due plaintiff upon said note, be and the same is hereby declared and adjudged and decreed a first lien upon said Certificate No. 25 as above described for 2,000 shares of the par value of $25 each, of the capital stock of said Consolidated-Mining Company, and also declared, adjudged and decreed a first lien upon said Certificate No. 30 as above described for 3,008 shares of the par value of $25 each, of the capital stock of said Consolidated Mining Company.
“It is further ordered, adjudged and decreed by the court that the lien of plaintiff upon said shares of [125]*125stock as aforesaid, be and the same is hereby ordered foreclosed, and that said stock be sold thereunder and that any sums remaining after payment of the indebtedness shall be paid to the defendant herein and in case the' amount due plaintiff be not paid, that plaintiff have and recover of and from the defendant any balance of indebtedness aforesaid remaining unpaid after sale of said stock and that execution issue accordingly.”

On this judgment, on June 1, 1910, the clerk issued a general execution. The sheriff’s return shows that it was executed on June 11, 1910', by levying upon the stock which had been pledged. The sale was set for June 22, -1910. On June 15', 1910, plaintiff caused The Conqueror Trust Company to be served as garnishee by the sheriff, at the same time giving notice to said company that he claimed that the money on deposit in the name of Yera E. Whitten, wife of defendant, was defendant’s property. In due course, interrogatories were filed by the plaintiff and a motion was made by the garnishee to quash the execution claiming that said execution and writ of garnishment issued thereunder were void for the following assigned reasons:

“1st. The judgment upon which said general execution was issued was founded upon a cause of action in equity for the foreclosure of an equitable chattel mortgage and for that reason no personal judgment could be entered against said defendant whereupon general execution would issue.
“2d. Said execution was issued by the clerk without the direction of any proper or lawful authority.
“3d. The writ of garnishment issued herein and served upon the garnishee on the 15th day of June, 1910, was prematurely issued for the reason that the judgment upon which said execution was issued, which said judgment was rendered on the 19th day of May, 1910, and recorded in Book 10, at page' 600, [126]

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Bluebook (online)
142 S.W. 453, 161 Mo. App. 118, 1911 Mo. App. LEXIS 698, Counsel Stack Legal Research, https://law.counselstack.com/opinion/potter-v-whitten-moctapp-1911.