Stevens v. Coffeen

39 Ill. 148
CourtIllinois Supreme Court
DecidedJanuary 15, 1866
StatusPublished
Cited by8 cases

This text of 39 Ill. 148 (Stevens v. Coffeen) is published on Counsel Stack Legal Research, covering Illinois Supreme Court primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Stevens v. Coffeen, 39 Ill. 148 (Ill. 1866).

Opinion

Mr. Justice Breese

delivered the opinion of the Court:

This was a bill in chancery in the Circuit Court of Champaign county, exhibited by Harmon Stevens against Michael D. Coffeen and others, the scope of which was to redeem certain lands which Stevens had conveyed to Coffeen and company by an absolute deed, on the allegation that the deed, though absolute on its face, was intended to be a mortgage security for money loaned. The prayer of the bill was for an injunction to restrain Coffeen from conveying the lands, and from prosecuting any suit for the recovery of the possession from complainant, and that defendant might be decreed to reconvey the land to complainant on his paying the amount justly due, with the interest thereon. The bill was sworn to, and the oath to the answer was waived.

The bill alleges, among other things, an indebtedness by complainant to the firm of M. D. Coffeen & Co. and Minor, Andrews and White, for which judgment had been obtained by them against complainant, but at what precise time is not stated. It is alleged, however, that executions had been issued on these judgments, and the land, which is the subject of this controversy, sold thereon on the 3d day of March, 1859, being one quarter section, and described as the north-east of sixteen, township eighteen north, range fourteen west, lying in Champaign county; that Coffeen & Co., on the 23d of March, 1859, purchased, at the sheriff’s sale thereof, the north-west quarter of the same for $396.83; and that Minor, Andrews and White, on the same day, at the same sale, purchased the remaining three-quarters for the sum of $992.95, the entire sale of the quarter section amounting to $1,392.77.

The hill then alleges that, as the time of redemption was about to expire, viz.: in the month of February, 1860, complainant, being in need of money with which to redeem, applied to Coffeen, defendant herein, for a loan of a sum sufficient for such redemption, to wit: for the sum 6f $1,392.77, and the further sum of $127.68, to cover interest thereon for eleven months, at 10 per cent, per annum, upon the security of the lands, and upon a credit of one year from the first day of March then ensuing; and that, in answer to complainant’s application, Coffeen offered to comply therewith, upon condition that complainant should take a further sum of $120, to provide for and pay off an account of that amount, claimed to be due and owing to the firm of Coffeen & Groenendyke, and permit Coffeen to see to the proper application of the money so to be loaned, for the purposes aforesaid, to wit: to pay the redemption money upon the sales, and procure the certificates of redemption, and to pay the account and* obtain a release thereof, which offer, on the part of defendant, Coffeen, was accepted by complainant upon those conditions, whereupon it was agreed that defendant should loan complainant the sum of $1,640.82 for one year, from the 1st day of March, 1860, and that complainant should make and deliver to Coffeen a mortgage on this land to secure the payment.

The bill further alleges that Coffeen further agreed, upon the execution of the papers by complainant, he would procure and place on record the necessary certificates of redemption from the sale; and that, in pursuance of this agreement, the attorney of Coffeen was engaged to draw the papers, and that, under the direction of Coffeen, he drew a deed absolute on its face for the land, and, at the same time, drew a paper purporting to be a contract between them, which is as follows:

“ This agreement, made this 8th day of February, 1860, between Michael D. Coffeen, for himself and Samuel Groenendyke, party of the first part, and Harmon Stevens, of the second part, witnesseth: That the said party of the first part, in consideration of the rent hereinafter reserved, hath leased, remised and to farm let unto the said party of the second part, the N. E. of section number 16, in Town 18, IST. B. 14 W., from this date until the 1st day of March, 1861, with the refusal of purchasing the same at or before that time for the sum of $2,193.15, and, upon the payment of said sum of money by the said party of the second part to the party of the first part, on or before the 1st said day of March, 1861, the said party of the first part binds himself to make and deliver to the said party of the second part, his heirs or assigns, a good and sufficient warrantee deed for the same, free from all incumbrances of the said party of the first part, or any demand (now existing against said premises) of Minor, Andrews and White, and no other, under the penalty of $3,000, and the said party of the second part agrees to keep up the fences around said premises, to pay the sum of one dollar rent on or before the first day of March, 1861, and at that time surrender up the same to the said party of the first part free from injury, and in ordinary repair at the expiration of said term, agreeably to the contract aforesaid.

“ April 2d, 1860.

“ For value received, I hereby assign unto Otis M. Conkey, all and singular, my right, title, claim or demand in and to the within bond or article of agreement, so far as the same relates to the purchase of the land herein described, and no further; giving and granting him full power to receive said deed herein specified upon a faithful compliance, upon his part, with the conditions annexed, that is to say, upon condition that he pay, or cause to be paid, the said sum herein specified unto the said parties of the first part, on or before the time the same shall become due.

“H. STEYEHS, [seal.]

“ M. D. COFFEES" & CO. [seal.]

“ I hereby assign the above bond to Harmon Stevens, granting him my right to the bond, and no more.

“O. M. COHKEY.”

The hill then charges that the sum of five hundred and fifty-two dollars was for the interest on the one thousand six hundred and forty dollars and eighty-two cents, and exceeding ten per cent, was usurious, and he charges that of the sum of two thousand one hundred and ninety-three dollars and fifteen cents, admitted to be due, all over and exceeding the sum of one thousand six hundred and forty dollars and eighty-two cents was usury; and he avers that he executed the deed solely as security for this loan, and upon the representation of the attorney, that the above agreement was a regular defeasance, and of the same effect as though it had been inserted in the deed, and he avers that the deed and agreement were delivered at one and the same time, that is, about the 8th of February, 1860.

The bill then alleges, that sometime thereafter, complainant offered to pay the money loaned, which Coffeen refused to accept, claiming the land as his own, and complainant as his tenant under the above agreement, and charging him with 'holding over without right, and to enforce this claim as landlord, he brought an action of forcible detainer against complainant, and obtained a judgment, from which complainant appealed to the Circuit Court.

Free access — add to your briefcase to read the full text and ask questions with AI

Related

Jackman v. North
75 N.E.2d 324 (Illinois Supreme Court, 1947)
Snook v. Shaw
43 N.E.2d 417 (Appellate Court of Illinois, 1942)
Cameron v. Clinton
102 N.E. 1000 (Illinois Supreme Court, 1913)
Horn v. Horn
84 N.E. 904 (Illinois Supreme Court, 1908)
Schlesinger v. Allen
69 Ill. App. 137 (Appellate Court of Illinois, 1897)
Oglesby v. Foley
153 Ill. 19 (Illinois Supreme Court, 1894)
Oglesby v. Foley
46 Ill. App. 119 (Appellate Court of Illinois, 1892)
McGan v. O'Neil
5 Colo. 433 (Supreme Court of Colorado, 1880)

Cite This Page — Counsel Stack

Bluebook (online)
39 Ill. 148, Counsel Stack Legal Research, https://law.counselstack.com/opinion/stevens-v-coffeen-ill-1866.