State v. Sexsmith

57 P.2d 1249, 186 Wash. 345, 1936 Wash. LEXIS 535
CourtWashington Supreme Court
DecidedMay 25, 1936
DocketNo. 26055. Department Two.
StatusPublished
Cited by7 cases

This text of 57 P.2d 1249 (State v. Sexsmith) is published on Counsel Stack Legal Research, covering Washington Supreme Court primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
State v. Sexsmith, 57 P.2d 1249, 186 Wash. 345, 1936 Wash. LEXIS 535 (Wash. 1936).

Opinions

Beals, J.

The defendant was informed against by an information, the charging portion of which reads as follows:

“That the said defendant, J. H. Sexsmith, in the state of Washington, county of Spokane, on or about the 18th day of November, 1933, then and there being, and then and there having in his possession, custody and control as pledgee, trustee and bailee of Frank Miller personal property, to-wit: Five hundred shares of Jack Waite mining stock, the property of and belonging to Frank Miller, and of the value of one hundred twenty-five (125) dollars, did then and there wilfully, unlawfully and feloniously secrete, withhold *347 and appropriate the same to his own use, with intent to deprive and defraud the owner thereof. ’ ’

The state contends that the defendant was guilty of the crime of larceny under the following portion of the statute defining that offense (Rem. Rev. Stat., §2601 [P. C. §8944]):

“Every person who, with intent to deprive or defraud the owner thereof — ■ . . .
“(3) Having any property in his possession, custody or control, as bailee, factor, pledgee, servant, attorney, agent, employee, trustee . . . shall secrete,
withhold or appropriate the same to his own use or to the use of any person other than the true owner or person entitled thereto; . . .
“Steals such property and shall be guilty of larceny. ’ ’

After a plea of not guilty, defendant’s trial resulted in a verdict of guilty as charged, and from judgment and sentence upon this verdict, the defendant has appealed.

Error is assigned upon the refusal of the trial court to set the verdict aside, as contrary to the law and the evidence; upon the refusal of the trial court to admit certain testimony offered by appellant; upon the ruling of the trial court that the prosecuting attorney had not been guilty of prejudicial misconduct entitling appellant to a new trial; npon the giving of certain instructions to which appellant excepted; and finally, upon the denial of appellant’s motion for a new trial.

In the first place, appellant contends that the verdict is contrary to the law and the evidence, and that the trial court should have set the same aside. It appears that, during the month of September, 1933, Frank Miller, the prosecuting’ witness, requested of appellant a loan of two hundred fifty dollars. At the time of the consummation of the deal, appellant signed a “Buyer 30 day contract” in the following form:

*348 “Spokane, Washington, Sept. 14, 1933
“This is a
“Buyer 30 “Seller......
j- day-contract.
“For Value Received, I have this day sold to Frank Miller 1500 shares of the stock of Jack Waite Mining Co. at the rate of............per share, to-wit: The sum _ of Two Hundred Fifty Seven & Half Dollars, which amount he agrees to pay to the said J. H. Sexsmith, or order, on or before 30 days from this date, and agrees to keep the stock securing this note given for purchase hereof margined ten per cent below the price bid on the floor of the Standard Stock Exchange of Spokane, at any session thereof, and hereby agrees to pay said margins to above payee, or Treasurer of the Standard Stock Exchange of Spokane, immediately after being called for such margins by above payee.
“The said stock is to remain in the hands of said J. H. Sexsmith, as collateral security for this obligation, with authority to transfer, hypothecate, or use the same in whole or in part. Upon non-performance of this promise or any detail thereof, it is understood the said J. H. Sexsmith may sell the said stock at Standard Stock Exchange or either private or public sale without advertising the same or giving the above named purchaser any notice, applying the net proceeds toward the payment of this note, including interest at 12 per cent per annum, from maturity hereof, and accounting to the above named purchaser for the surplus, if any, and it is further agreed between the parties hereto, that any equity which may exist in this contract shall be applied to and used as an offset against any impaired contract existing between said parties.
“This contract is not transferable without the consent of J. H. Sexsmith. J. H. Sexsmith
By J. H. Sexsmith
“$257.50. Due Oct. 14, 1933.”

Frank Miller signed a contract, similar in form save that the same recited that he had

“ . . . this day purchased from J. H. Sexsmith 1500 Jack Waite shares of the stock of Jack Waite *349 Nos. 793-2647-2658 at the rate of............per share, to-wit: The sum of Two Hundred Fifty Seven & Half Dollars.”

Each of the parties took the contract signed by the other, appellant later delivering to Miller the following receipt:

“Spokane, Wash., October 24, 1933.
“Received of Frank Miller 500 J. Waite No. 1595 additional collateral on B.30 — of Oct. 14.
“J. H. Sexsmith
“By J. H. S.”

The gist of the offense with which appellant was charged consists of his alleged embezzlement of the stock represented by certificates Nos. 793 and 2647, for four hundred and one hundred shares, respectively, of Jack Waite stock. It appears that appellant transferred the stock to one Ben Stimmel, and thereafter took from Mr. Stimmel re-delivery of the two certificates above referred to. Later, appellant and Stim-mel signed the following writing, prepared by Miller:

“May 9, 1934.
“I hereby confirm to H. F. Miller that I owe bim (2000) shares, Two Thousand shares of Jack Waite Mining Co. stock, which I received from J. H. Sex-smith as collateral for a loan of $250.00.
“J. H. Sexsmith B. E. Stimmel”

Appellant contended on the trial that he signed this document merely as a witness.

The evidence indicates that Miller paid appellant some money as interest, and that November 15, 1933, Miller advised appellant that he was ready to repay the loan and wanted his stock. Appellant put Miller off from time to time, and when the latter found that his two certificates of stock above described had been purchased on the open market by one Katzer, he complained to the prosecuting attorney, with the result that the information herein was filed.

*350 Appellant contended that in whatever he did he was entirely within his contract rights. The record clearly indicates that the transaction between appellant and Miller amounted to a loan from the former to the latter and the taking of security therefor.

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Cite This Page — Counsel Stack

Bluebook (online)
57 P.2d 1249, 186 Wash. 345, 1936 Wash. LEXIS 535, Counsel Stack Legal Research, https://law.counselstack.com/opinion/state-v-sexsmith-wash-1936.