Powell v. Wick

21 Ohio Law. Abs. 653, 1935 Ohio Misc. LEXIS 1084
CourtOhio Court of Appeals
DecidedOctober 31, 1935
StatusPublished

This text of 21 Ohio Law. Abs. 653 (Powell v. Wick) is published on Counsel Stack Legal Research, covering Ohio Court of Appeals primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Powell v. Wick, 21 Ohio Law. Abs. 653, 1935 Ohio Misc. LEXIS 1084 (Ohio Ct. App. 1935).

Opinion

[656]*656OPINION

By NICHOLS, J.

There has been some question raised here as to whether the action in the Common Pleas Court was one in equity or one at law, but we find that upon the trial of the case in the Common Pleas Court, by agreement of all parties, a jury was waived and the cause submitted to the court sitting as a jury. Since error and not appeal was prosecuted to this court, we do not deem it important whether the issue was one in equity or at law, but we observe that plaintiff prays for money judgments, and in the praecipe attached to the petition it is stated that the cause is for money and equitable relief. It seems to this court that the ultimate relief sought was money judgments against the various defendants, and if this be so, the action was properly tided at law. The following is a copy of the finding and judgment entered in the Court of Common Pleas, as shown by the journal of said court:

“This cause came on for hearing upon the amended petition of the plaintiff, the answers of Phillip Wick, E. E. Swartswelter, Richard Brown, George D. Wick, Jr., The Federal Savings and Loan Company, Morris Plan Bank, James M. Chrystal and Grace S. Chrystal, and the Dollar Savings & Trust Company, Prances Tod Wick, Phillip Wick and Webster B. Tod, as Executors of the Estate of Myron C. Wick, Jr., deceased, and the answer and cross petition of Butler, Wick and Company, and the jury having been waived by all of the parties hereto, the cause was submitted to the court, and the court upon hearing of all the testimony of the various parties, and after having given full deliberation to the various sundry issues raised by the various pleadings, finds that judgment should be rendered in favor of the defendants, Phillip Wick, E. E. Swartswelter, Phillip Schaff, Robert Wadsworth, Richard Brown, George D. Wick,. Jr., The Federal Savings & Loan Company, Grace S. Chrystal, Morris Plan Bank and The Dollar Savings & Trust Company, Frances Tod Wick, Philip Wick and Webster B. Tod, Executors of the Estate of Myron C. Wick, Jr., deceased, and Butler-Wick and Company.

The court further finds that the plaintiff, Eleanor C. Powell, is entitled to judgment against the defendant, James M. Chrysal, upon the allegations set out in her petition for moneys devoted to his personal use from the trust funds in his hands belonging to the plaintiff, in the sum of Twelve Thousand Seven Hundred and Seventy-four Dollars and forty-nine cents ($12,774.49) with interest from the first day of June, 1934, and that said judgment shall be a lien upon the properties of the defendants, James M. Chrystal and Grace S. Chrystal, more particularly described as Youngstown City Lot No. 32942 on Selma Avenue and Youngstown City Lot No. 29317, located on the southerly side of Saranac Avenue in the City of Youngstown.

The court further finds that a receiver may be appointed to facilitate the satisfaction of the aforesaid judgment, but that said application will not be considered by this court until forty days after the filing of the within order.

Court further finds that there is no evidence to sustain a finding in favor of the plantiff against the defendant, The Morris Plan Bank, and, therefore, judgment is hereby rendered in favor of the defendant, The Morris Plan Bank.

Court coming now to the answer of The Federal Savings and Loan Company, finds that there is no evidence in this record to sustain a finding in favor of the plaintiff against the defendant, The Federal Savings & Loan Company, and it being made to appear to the court that on May 31, 1935, at 3:00 P. M. The Federal Savings &o Loan Company of Youngstown, Ohio, a State chartered corporation, was converted into an Assocation chartered under the laws of The United States of America, known as the First Federal Savings and Loan Association of Youngstown, Youngstown, Ohio, and that by virtue of §9660-2 GC all of the’ assets of every kind and nature heretofore belonging to The Federal Savings & Loan Company were by operation of law vested in FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION OF YOUNGSTOWN, it is ordered that First Federal Savings and Loan Association of Youngstown be substituted for The Federal Savings & Loan [657]*657Company as a party to this action, vested with all the rights, interests, preferences and privileges previously had or obtained by The Federal Savings & Loan Company which shall be preserved unimpaired, and that this action may be prosecuted to judgment with right of review on error or appeal; and by reason of such substitution the finding, judgment and decree of this court is for said substituted defendant, said First Federal Savings and Loan Association of Youngstown.

Court coming now to the answer and cross petition of the defendant, -Butler-Wick and Company, finds that the defendant, Butler-Wick <& Company, have a contract duly executed by James M. Chrystal as Trustee for Eleanor C.- Powell, which contract would permit the defendant,- Butler-Wick and Company, to sell the stocks set forth in their answer and cross petition at any time within their discretion, if the value of the stocks is less than the amount due upon the account, and that while the petition of the plaintiff prayed for an injunction, restraining the defendant, Butler-Wick and Company, from selling the aforesaid securities, that said restraining order was never granted to the plaintiff, but that this court at the outset of this litigation, instructed the defendant, Butler-Wick and Company, to take no action by way of disposition of these stocks until the issues had been determined by this court, which said instruction amounted in substance to an injunction upon the defendant, Butler, Wick and. Company, restraining them from the sale of these securities. The court now finds that the said Butler, Wick & Company be and hereby are released from said restraining order, and that said injunction is hereby dissolved, and said Butler, Wick & Company is permitted to dispose of said securities, and it is the finding of this court that the value of said securities be fixed as of January 19, 1935; that the undisputed testimony concerning the value of these stocks as of that date, as shown by the record, amounts to One Thousand Six Hundred and Forty dollars and Seventy-five cents, ($1,640.75).

The court further finds that on January 19, 1935, there was due the defendant, Butler, Wick and Company, from the plaintiff, pleanor C. Powell, the sum of Four Thousand One Hundred and Seventy-eight Dollars and fifty-nine cents ($4,178.59); that after crediting the value of the stocks as of January 19, 1935, to-wit: One Thousand Six Hundred and Forty Dollars and Seventy-five cents ($1,640.75), there is due the Sefendant, Butler, Wick and Company, from the plaintiff, the sum of Two Thousand Five Hundred and Thirty-seven Dollars and eighty-four cents ($2,537.84), with interest at six per cent (6%) from the 19th day of January, 1935, for which amount judgment is hereby rendered in favor of the defendant, Butler, Wick and Company, against the plaintiff^ Eleanor C. Powell.

Court .further finds that on February 29th, 1932, in an attempt to secure Eleanor Powell for the amount due her from James M. Chrystal, a note was executed by Grace S. Chrystal to Eleanor Powell- in the amount of Six Thousand Dollars ($6,000.00); that on the same date a mortgage was executed by Grace S. Chrystal and James M. Chrystal to Eleanor Powell covering Lot Number 29317 on Saranac Avenue in the amount of Six Thousand Dollars ($6,000.00).

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Cite This Page — Counsel Stack

Bluebook (online)
21 Ohio Law. Abs. 653, 1935 Ohio Misc. LEXIS 1084, Counsel Stack Legal Research, https://law.counselstack.com/opinion/powell-v-wick-ohioctapp-1935.