Ralston v. Sharon

51 F. 702, 1892 U.S. App. LEXIS 1815
CourtU.S. Circuit Court for the District of Northern California
DecidedJuly 11, 1892
StatusPublished
Cited by4 cases

This text of 51 F. 702 (Ralston v. Sharon) is published on Counsel Stack Legal Research, covering U.S. Circuit Court for the District of Northern California primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Ralston v. Sharon, 51 F. 702, 1892 U.S. App. LEXIS 1815 (circtndca 1892).

Opinion

Hawley, District Judge.

This is a hill in equity brought against the defendants, as trustees of the property of the estate of William Sharon, deceased, in trust for the benefit of his heirs. The bill covers 983 pages of typewritten matter. The complainant is the widow, and sole legatee and devisee, of W. C. Ralston, deceased. The complainant and defendants are alleged to be citizens of the state of California. The defendants demur to the hill upon three distinct grounds: (1) That the court has no jurisdiction of the subject-matter of the suit; (2) that the facts stated in the hill do not justify any relief against the defendants; (3) that the plaintiff’s demand is barred by her laches.

The facts set forth in the bill, in so far as is necessary to an understanding of the questions raised by the first ground of the demurrer, may bo summarized in a general way, in a comparatively brief manner. It appears that on the 27th of August, 1875, W. C. Ralston made, executed, and delivered to William Sharon a deed of all his property, in trust to collect and receive the rents, issues, and profits thereof, and to sell and dispose of the same upon such terms dud conditions as he might deem best, and that the proceeds arising therefrom should be applied to such uses and purposes as the said William Sharon might deem to he best for the joint and several interests of said William Sharon and W. 0. Ralston; that on the same day, after the execution of this trust deed, the said W. C. Ralston died; that thereupon the said William Sharon entered into the possession of all the real estate and personal property ol’ W. C. Ralston, deceased; that the will of W. C. Ralston was regularly probated; that J. D. Fry and A. J. Ralston were named as executors under the will, and qualified as such; Unit they allowed William Sharon to retain control of, and remain in the possession of, all the property, real and personal, of the estate of W. C. Ralston; that during the remaining portion of the year 1875, and a portion of the year 1876, the said William Sharon was engaged in selling and disposing of, and otherwise dealing with, the property which was convoyed to him by W. (J. Ralston, and settling said Ralston’s liabilities; that complainant, at divers times in the year 1876, without any consideration, at the request of William Sharon, made, executed, and delivered to him certain deeds of the property of the estate of her deceased husband; that in January, 1876, at the request and upon the advice of William Sharon, she executed and delivered a general power of attorney to A. J. Ralston and W. EL L. Earnes, authorizing them to act for her in all matters pertaining to the estate of her husband; that in September, 1876, William Sharon represented to her that the liabilities of her husband were greatly in excess of the value of his property; that it was very doubtful if it would ever increase in value; that he would lose at least $2,000,000 by reason of his efforts to pay the debts of her husband; that he presented to her a written statement of all the assets and liabilities of the estate; that he [704]*704represented that he was without any ready money, hut that he would be willing to give her his notes for $50,000 if'she would execute and deliver to him a full release and discharge of all claims, legal and equitable., and an approval of his action in relation to the property received by him from her husband’s estate; that he would take the property for the debts the estate owed him; that, unless she accepted this offer, she would never realize anything from the estate; that her executors and attorneys in fact advised her to accept the offer; that they represented to her that they had examined the statement .prepared by William Sharon, and also examined his books and papers, and that Sharon had lost large sums of money in the settlement of her husband’s liabilities; that, relying upon the truth of all these representations, she, on the 26th day of October, 1876, executed an instrument of release and approval,- which reads as follows:

“Whereas, William Sharon received from the late William O. Ralston, deceased, in his lifetime, and on the 27th day of August, one thousand eight hundred and seventy-five, an instrument in writing bearing date that day, wherein the said William 0. Ralston gave, granted, conveyed, and transferred unto the said William Sharon, his heirs and assigns, all and singular his property, both real and personal, and wheresoever situated, in trust to collect and receive the rents, increase, and profits thereof, and every part thereof, and to apply the same and the proceeds of all said property to such uses and purposes as said Sharon might deem best for their joint and several interests; and -whereas, said William C. Ralston, deceased, left a last will and testament, which was duly admitted to probate in the probate court of the city and county of San Francisco, state of California, on the 23(1 day of November, one thousand eight hundred and seventy-five, and on the same day letters testamentary were issued to J. 1). Fry and A. J. Ralston; and whereas, Lizzie F. Ralston, the widow of said William C. Ralston, deceased, is the sole legatee named in said last will and testament; and whereas, pursuant to the consent and acquiescence of said Lizzie F. Ralston, and said J. D. Fry and A. J. Ralston, executors of said last will and testament, acting by and under her request and direction, the said William Sharon has proceeded to execute the powers conferred upon him in and by said instrument first hereinabove mentioned, and has paid and compromised the debts and liabilities of said deceased and of said estate, and has disposed of most of the said property so conveyed to him, and his doings, dealings, and transactions in respect to the same have been all and singular known to, and approved, ratified, and confirmed by, the said Lizzie F. Ralston personally, as well as by her attorneys in fact, A.- J. Ralston and W. H. L. Barnes; and whereas, said William Sharon is willing and has offered to take the property and assets of said estate remaining unsold or undisposed of by him in satisfaction of his claims and demands against said Ralston in his lifetime, or against his estate since his death, and, further, is willing and has offered to pay the said Lizzie F. Ralston, his widow and sole legatee under the said last will and testament, the sum of fifty thousand dollars, in gold coin, in consideration of her ratification and approval, as aforesaid, of his doings, dealings, and transactions in the matter of said conveyance, and with the property referred to therein, ail of which is accepted and agreed to by the said Lizzie F. Ralston, and her said attorneys in fact, after full and complete knowledge and opportunity of knowledge concerning the facts in the case:
“Now, this indenture witnesseth that the said Lizzie F. Ralston, individually and by her attorneys in fact, A. J. Ralston and W. H. L. Barnes, in [705]

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Bluebook (online)
51 F. 702, 1892 U.S. App. LEXIS 1815, Counsel Stack Legal Research, https://law.counselstack.com/opinion/ralston-v-sharon-circtndca-1892.