Stagg v. Franklin & Fitch

18 Mo. 299
CourtSupreme Court of Missouri
DecidedMarch 15, 1853
StatusPublished
Cited by2 cases

This text of 18 Mo. 299 (Stagg v. Franklin & Fitch) is published on Counsel Stack Legal Research, covering Supreme Court of Missouri primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Stagg v. Franklin & Fitch, 18 Mo. 299 (Mo. 1853).

Opinion

RylAND, Judge,

delivered the opinion of the court.

Henry Stagg, the plaintiff below, filed his petition in the Circuit Court of St. Louis county, against Joseph Eitch and Joseph E. Franklin, stating, in substance, that on the 8th of June, in the year 1849, Eraklin 0. Day conveyed to said Eitch lot 259 in Wright, Chambers & Christy’s Addition in north St. Louis ; that Eitch gave no consideration for the conveyance, nor was he cognizant of the same, when made, nor has he directed, nor did he expect the same to be made; that said conveyance was for the benefit of the defendant, Joseph E. Franklin, and in order to prevent the liens of certain judgments attaching on the lot, and in fraud of the creditors of said Franklin; that on the 20th of August, 1849, John G-. Weld conveyed to said Eitch, another lot, in the city of St. Louis, [300]*300being part of block 282, and described in the petition by metes and bounds ; that no consideration was given by Fitch to Weld, and the conveyance was for the benefit of said Franklin, the defendant; that Fitch never requested, nor expected it to be made, and knew nothing of its being made, and that it was made in fraud of the creditors of the defendant, Franklin ; that on the 2d of November, 1848, said Franklin confessed a judgment in favor of Fitch, for $3,014, but no such sum was owing, and said judgment was had without request from,.and without any knowledge on the part of Fitch, and was in fraud of said Franklin’s creditors ; if any thing was really owing by said Franklin to Fitch, on said judgment, it was paid prior to the 8th of June, 1849. Between 9th November, 1848, and 24th of April, 1849, other judgments were rendered against the defendant, Franklin, or against Franklin & Perry, a firm of which he was a member, to about the amount of $10,000. On these latter judgments, executions issued and levied on the lots conveyed to Fitch, and, on the 27th October, 1849, the samo were sold to the plaintiff, Stagg, as the property of said defendant, Franklin. The sheriff’s deed was made in conformity to the sale, November 3d, 1849. The prayer was that Fitch might convey to the plaintiff, or that the court would decree him the lots, or that Fitch be compelled to pay their value.

.The answers of the defendants were, in substance, as follows : Franklin denies that the lots were conveyed to Fitch for his .benefit, or to defraud his creditors, or that he, (Franklin) had, at the date of the conveyance, or now has, any interest in the lots. He avers, that Weld and Day were the legal and equitable owners of the lots ; that he had a negotiation with Weld by which the lots were conveyed to Fitch in part payment of a debt he owed Fitch, and as soon as the conveyances were made, he informed Fitch, who accepted the same. He denies that the the judgment confessed was fraudulent; says he owed Fitch an amount over and above the judgment. Fitch denies that he gave no consideration for the lots, or that they were conveyed [301]*301to him for the benefit of Franklin, or to defraud his creditors ; but says they were conveyed for a valuable consideration ; that long previous to said conveyances, his co-defendant was largely indebted to him, and bad given him many assurances he would pay ; that immediately after the conveyances were made, he was informed of it by Franklin, and that the lots were conveyed in payment of said indebtedness ; that he was not cognizant of the making of the deeds, but accepted the same as soon as advised. Denies all fraud; says he is an innocent purchaser, for valuable consideration, without notice. He says the judgment was honestly confessed for money owing to him by Franklin & Perry, and denies that it was paid prior to 8th June, 1849 ; admits the property conveyed to him was worth $4000, when conveyed; lie says the conveyances were made in discharge of the judgment and moneys advanced to his co-defendant after the judgment. He insists that the lot obtained by him from Weld was sold to Weld under judgments and executions against his co-defendant, prior to plaintiff’s purchase, and that Weld held the sheriff’s deed. He admits the plaintiff’s purchase, but charges that one of the judgments under which that purchase was made, had been confessed to secure the plaintiff in certain indorsements for Franklin, which sai^T5S^j lin afterwards partially satisfied. * v

The cause was tried by the court without a jury, finding was in favor of the plaintiff; judgment vesting in him the title to both the lots. The defend for a review, which being denied, the case is brougE appeal.

The evidence produced on the trial was documentary and oral. The documentary evidence, so far as I regard it necessary to be noticed, is as follows : The plaintiff read in evidence a deed of trust to Willis L. Williams, dated July 1st, 1848, from the defendant, Joseph F. Franklin, in favor of his father, Joseph L. Franklin, conveying the lot in block 282, and also the residence of the grantor on Locust street, in the city of St. Louis, with a large quantity of other real estate, and [302]*302all the grantor’s household and kitchen furniture. This deed of trust recited an indebtedness by the younger to the elder Franklin of $15,500, as evidenced by two notes — one for $10,000, dated 1st January, 1846, payable- seven years after date, interest payable semi- annually; the other dated July 1st, 1847, payable in seven years, interest payable half yearly, for the sum of $5,500. It was also recited, that the elder Franklin was acceptor to the plaintiff for the younger Franklin, for a large amount, and had also indorsed for the younger Franklin in favor of plaintiff. The deed then proceeded to secure the elder Franklin, on all said liabilities, and authorized, in the event of non-payment, a sale of the property on thirty days’1 notice,.to satisfy said demands, first paying the costs and expenses of the trust; the deed further permitted the grantor to retain possession of the personal property till called for by the elder Franklin. The plaintiff also read a deed from the elder and the younger Franklins, dated July 26th, 1848, to John Gr. Weld, who is represented as a member of the firm of Coffin & Weld, by which, after reciting the deed of trust to Williams, and the $15,500 debt mentioned therein, and that the firm of Franklin & Perry was indebted to Coffin & Weld in the amount of two bills of exchange drawn by Franklin & Perry and accepted by the elder Franklin, one dated the 15th of April, 1848, for $3,000; the other dated April 20th, 1848, for $5,000, and cash paid out by Coffin & Weld, in the sum of $8,832 48, including interest up to July 21st, 1848, the grantors transferred to Weld for $6,667 52, the deed of trust to Williams and the notes for $15,500, to secure Weld in $8,832 48 and $6,667 52, with interest, and on payment of these sums, all Weld’s interest was to cease, and the two notes for $15,500 were to be surrendered to the party lawfully entitled.

Plaintiff also read a deed of release by Williams, the trustee, to Weld, dated October 13th, 1848. This instrument recites the original deed of trust to Williams and the assignment to Weld, and then states, that, whereas, said Weld has this day bought certain of the real estate contained in said [303]*303trust deed of the younger Franklin, and the undersigned bas been requested by Weld and-the younger Franklin to release the same, said Williams proceeds to release to Weld four of the lots mentioned in said deed of trust — one of which is the lot in block 282, but not including the residence on Locust street.

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Related

Gamble v. Gibson
83 Mo. 290 (Supreme Court of Missouri, 1884)
Franklin v. Stagg
22 Mo. 193 (Supreme Court of Missouri, 1855)

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Bluebook (online)
18 Mo. 299, Counsel Stack Legal Research, https://law.counselstack.com/opinion/stagg-v-franklin-fitch-mo-1853.