Shethar v. Sherman

65 How. Pr. 9
CourtNew York Supreme Court
DecidedMarch 15, 1883
StatusPublished
Cited by6 cases

This text of 65 How. Pr. 9 (Shethar v. Sherman) is published on Counsel Stack Legal Research, covering New York Supreme Court primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Shethar v. Sherman, 65 How. Pr. 9 (N.Y. Super. Ct. 1883).

Opinion

Van Vobst, J.

After a careful consideration of the will of the testator John H. Swift, deceased, and the arguments of the counsel who have appeared for the several parties, I reach the conclusion that the legacies, both of money and railroad stock, mentioned in the first four paragraphs of the will in favor of the testator’s children and family, are entitled to priority in payment in full over all the others. To my mind there is no ambiguity in the twenty-fourth clause of the will, which calls for extrinsic evidence, or which would justify the receiving in evidence, as expressive of the testator’s intention, his letter of the 25th September, 1873, written some days before the actual publication of his will. The admission of such evidence would be in violation of clearly imderstood rules, which forbid parol contemporaneous evidence to vary the terms of a valid written instrument. The will is the highest and surest expression of the testator’s intention. There are, it is true, cases of ambiguity or equivocation which afford exceptions to the rule, but there is nothing in the will under consideration which gives occasion to depart from the rule. This letter will, therefore, be left out of consideration.

What is itself clear, needs no demonstration by extrinsic proof. Cases in which parol evidence may be admitted are referred to and classified in Hawkins on Wills, 9-13.

By the different clauses of the testator’s will, gifts of rail- ■ road stocks owned by him were made to his children and to .other persons and societies, literary and religious, in various amounts. But by the twenty-fourth clause of his will, the testator orders and directs that, should there be a deficiency of assets to pay in full all the bequests and the legacies mentioned in his will, they shall not abate equally, but that certain of them should have priority over the others, and he directs. [11]*11that the bequests made by the first, second, third and fourth clauses shall constitute the first class, and shall be fully paid and satisfied.

He then proceeds to group several legacies in a second class to stand on an equality amongst themselves, and to be next paid and satisfied, and finally he constitutes a third class of legacies ta stand on a like equality amongst themselves, and to be next paid and satisfied. With regard to the third class, however, the words are added, “and in case of deficiency shall abate ratably.”

notwithstanding the benevolence of the testator, general and special, which his will so clearly exhibits in making provision for objects and persons which commended themselves to his judgment, conscience and affection, yet as the ties of blood are imperative, it is only natural to suppose that the testator should prefer, in the event that his estate could not meet all the demands which he had imposed upon it, and there should prove to be a considerable or any deficiency, that his children should have precedence in payment over the legacies' created in favor of others, and should not abate with them.

It seems quite clear from the language of the twenty-fourth clause above given, that the testator intended that what he had given to his children should be fully satisfied before his means should flow into the other channels indicated by him.

In opposition to this view it is urged by the counsel for the other legatees that all the gifts of the shares in the two railroads mentioned in the will, are specific, and that they possess the attributes and draw to themselves all the peculiar advantages belonging to legacies of that description; and that as the testator at his death possessed those shares or others into which they had been transmuted during his life, in substance the same, these legacies must in' any event be paid in full, although there may remain no assets to pay the pecuniary legacies provided for in the first four clauses of the will in favor of the testator’s children. This is the most important question in [12]*12this controversy, hut from what -I have already suggested this view cannot, I am persuaded, be sustained.

Taking together all that is said in the will about this stock and its condition there is much, but not enough, to favor the idea that the gifts of the railroad shares were severally specific and should in any event be all satisfied.

Confining ourselves to the words of the bequests alone, the weight of authority would seem to be, that the gifts are not of specific shares owned by the testator. The words of the first clause are: “ I give and bequeath to my son John Lakin “ also forty thousand dollars of the capital stock of the St. Louis and Iron Mountain Eailroad Company, and fifty thousand dollars of the capital stock of the Cairo and Fulton Eailroad Company, both stated at par value.” The other bequests are substantially in the same words. No number of shares as such are given, but the word “ dollars ” is uniformly used.

Hawkins adduces as a rule of construction that a legacy of stock of whatever denomination is not prima facie specific, but is a general legacy although the testator may have had stock of the description mentioned sufficient to answer the bequest.” In support of that deduction he cites Simmons agt. Vallance (4 Bro. C. C., 345); Purse agt. Snaplin (1 Atk., 414); Sibley agt. Perryn (7 Ves., 523; Hawk. on Wills, 301, marg.).

In Tifft agt. Porter (8 N. Y., 516) the facts to justify a conclusion that the gifts were specific, were certainly as imperative as they are in the case under consideration, yet it was there held that the legacies were general. There the testator bequeathed 240 shares of the Cayuga County Bank to his wife, which were to be delivered to her as soon as might be after letters testamentary had been granted and “in lieu of dower.” The testator also bequeathed 120 shares in the same bank to another legatee to be delivered in like manner. At his death he owned 360 shares of the stock of the Cayuga County Bank. In that case it was held that the will gave no indication that the shares bequeathed were to be taken from [13]*13those owned by the testator, and that in order to make the legacy specific the testator must have used some expression from which an intention to make a bequest of particular stock might be inferred, as, for instance, where the testator uses such language as “ my shares,” or any other equivalent designation. The cases of Langdon agt. Astor, Executors (1 Duer, 478-546; S. C., 16 N. Y., 9, 33); Giddings agt. Seward (16 N. Y., 365), are in the same direction.

The rule extends to bequests of any description of stocks or shares capable of being bought in the market. Thus in Sleech agt. Thorington (2 Ves. Sr., 560) where a gift of £400, East India bonds, to A. in trust, &c., was held to be a general legacy. See, also, Robinson agt. Addison (2 B., 515); Ashburner agt. Macguire (2 Bro. C. C., 108) in which it was held that a legacy of “ my ” £1,000, East India stock, was held specific. In Mytton agt. Mytton (L. R., 19 Eq., 30) a gift of the sum of £3,000 invested in India security was held by Mallins, V. C., not to be specific (Bothamby agt. Shersan, L. R., 20 Eq., 304; Norris agt. Executors, John B. Thompson, 2 McCarter, 493; 16 N. J. Eq., 250).

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Bluebook (online)
65 How. Pr. 9, Counsel Stack Legal Research, https://law.counselstack.com/opinion/shethar-v-sherman-nysupct-1883.