Speigle v. Meredith

22 F. Cas. 910, 4 Biss. 120
CourtU.S. Circuit Court for the District of Indiana
DecidedJanuary 15, 1868
StatusPublished
Cited by4 cases

This text of 22 F. Cas. 910 (Speigle v. Meredith) is published on Counsel Stack Legal Research, covering U.S. Circuit Court for the District of Indiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Speigle v. Meredith, 22 F. Cas. 910, 4 Biss. 120 (circtdin 1868).

Opinion

MCDONALD, District Judge.

This is a bill to quiet title. It states that George C. Speigle and John N. Stooekle. the complainants, are citizens of Ohio; that Solomon Meredith and Ira Jarrett. two of the defendants, are citizens of the state of Indiana; and that the residence of four other defendants, to wit: 'William A. Johnson, Martha V. Johnson, Thomas Ray, and Elizabeth Siver, is unknown. The bill also makes the Cincinnati and Chicago Railroad Company — an Indiana corporation— a defendant.

The bill charges that said railroad company, in May, 1S54, had occasion to borrow $150.000, to effect which the company issued that amount of coupon bonds payable to bearer in five years with ten per cent, interest; and that to secure their payment, the company executed a deed of trust to the defendant Meredith, and one William Butler, now deceased, on certain Indiana lands, in the nature of a mortgage.

The bill further charges that the deed of trust embodied a provision to the effect that whenever the railroad company should wish to make sale of any part of said lands,-and should secure and surrender to the trustees to .be canceled an amount of said coupon bonds equal to the appraised value of the land so wished to be sold, then the trustees should execute a conveyance for the same to such persons as the company should designate; and that in case of the death of either of the trustees, the survivor should make such conveyance.

The bill also chaiges that on the 27th of July, 1806. and after the death of the trustee, Butler, the complainants were the holders and owners of $10.500. of said coupon bonds; that on demand by them of payment, the company failed to pay those bonds for want of funds; that thereupon, the company offered to sell 160 acres of said lands for said bonds, which offer the complainants accepted, and agreed to take the land at its appraised value as provided in the deed of trust; and that accordingly the coupon bonds so held by them were delivered to the trustee, Meredith, to be canceled, and he thereupon conveyed said 160 acres of land to them.

After making these allegations, the bill proceeds to say that the defendants, Ira Jarrett, William A. Johnson. Martha Y. Johnson, Thomas Ray, and Elizabeth Siver, contriving to injure the complainants, &c., claim to hold said 160 acres of land by some pretended title from said railroad company, which is false and fictitious, and, if made at all, was made without sufficient warrant of law or other authority, and in contravention of the rights of the complainants; and that said last named defendants have forcibly taken possession of said land, and wrongfully, unlawfully, and to the great detriment of the complainants, prevent them from enjoying it, and have refused to them the possession of it though often demanded and requested to give up the possession of the land, &c.

The bill prays for the quieting of the title, the cancellation of the defendants’ pretended title papers, and the surrender of the possession to them.

The defendants, Jarrett, Ray, William Johnson. and Elizabeth Siver have demurred to the bill, on the ground that “said complainants have not, by their said bill, made such a case as gives the court jurisdiction of the same, or entitles them in a court of equity to any discovery,” or to any relief in equity whatever.

Whether this demurrer ought to be sustained, is the question to be decided.

1. In support of the demurrer, it is objected that, on the face of the bill, the conveyance of the 160 acre tract of land is void. This objection is founded in the provision in the trust deed, already noticed, that the trustee could convey the land when the railroad company wished to “sell” it; that the power to convey was a naked power dependent on that precedent condition; that such a power must be literally followed and strictly construed; that the condition must be interpreted to mean a sale for cash in hand; and that the transaction stated in the bill was not a sale for cash, but a mere barter or exchange.

There can be no doubt that a naked power or trust must be literally followed and strictly construed. Hill. Trustees, 478; Williams v. Peyton’s Lessee. 4 Wheat. [17 U. S.] 77. But I think that, on the face of the bill, the condition, on which the trustee might, according to the deed of trust, make the conveyance. was strictly and literally followed. A sale of lands does not necessarily suppose a sale for cash. The term barter is not applied to contracts concerning land, but to such only as relate to goods and chattels. Barter is “a contract by which the parties exchange goods.” Bouv. Law Diet. This transaction, therefore, was not a barter.

Now was the transaction an exchange? This term, as applied to lands, “is a mutual grant of equal interests” — “as a fee simple for a fee simple, a lease of twenty years for a lease of twenty years, and the like.” 2 Bl. Comm. S2S. An exchange is a transfer of lands for lands. This, therefore, was not an exchange; for it was a transfer of lands for coupon bonds.

There can be no doubt that a conveyance of lands in consideration of personal property or ehoses in action, is strictly and literally a sale. If A convey his farm to B in consideration of a stock of goods, that is unquestionably a sale of the farm; and it is equally so, if the consideration be public stocks, or corporation, bonds. There is nothing in this objection.

2. In support of the demurrer, it is con[912]*912tended that, on the face of the bill, the complainants hare a complete remedy at law; and that, therefore, there is no equity jurisdiction. The bill shows that the legal title to the land in question is in the complainants. It charges that the defendants who demur have forcibly taken possession of the land, and wrongfully and unlawfully hold it against the rights of the complainants, under a false and fictitious claim of title from the railroad company. It does not in any way describe this title, nor even show that it is in writing. According to the allegations, it is really no title at all — certainly none that would be a defense in an action of ejectment. If the facts stated in the bill are true, these defendants are mere trespassers. And the question is, will a bill in equity lie against such trespassers merely because they forcibly took possession of the land and hold it, as the bill states, under claim of some “false and fictitious” title?

Nothing can be better settled than the rule, .that equity will not take jurisdiction in a case where the complainants have a plain and complete remedy at law. And this rule is expressly declared in the sixteenth section of the judiciary act [1 Stat. 82]. It is equally well settled that a court of equity will not entertain a bill where the title which the complainant seeks to enforce is a merely legal one, and presents no special ground for equitable relief. Hipp v. Babin, 19 How. [60 U. S.] 271.

But the solicitor for the complainants insists that this bill, besides setting up a legal title in them, does present special ground for equitable relief; and that this special ground is the false and pretended title claimed by the defendants. It can hardly be contended that every claim of a pretended title to land will entitle the legal owner of it to apply to equity for relief. Almost every intruder upon land pretends to some title; but it amounts to nothing, if it be false and fictitious, and if it be no defense to an action of ejectment by the legal owner. And in no such case will equity aid the holder of the legal title; for he has a plain and adequate remedy at law.

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Bluebook (online)
22 F. Cas. 910, 4 Biss. 120, Counsel Stack Legal Research, https://law.counselstack.com/opinion/speigle-v-meredith-circtdin-1868.