Stimson v. Cathedral Mining & Smelting Co.

174 S.W. 420, 264 Mo. 190, 1915 Mo. LEXIS 58
CourtSupreme Court of Missouri
DecidedMarch 2, 1915
StatusPublished
Cited by2 cases

This text of 174 S.W. 420 (Stimson v. Cathedral Mining & Smelting Co.) 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
Stimson v. Cathedral Mining & Smelting Co., 174 S.W. 420, 264 Mo. 190, 1915 Mo. LEXIS 58 (Mo. 1915).

Opinion

RAILEY, C.

Plaintiff sued defendants in division two of the Jasper Circuit Court, on January lip 1910. The purpose of said action was to obtain a judgment against the Cathedral Mining and Smelting Company, on bonds amounting to $10,000, with interest on certain bonds executed by said mining company and secured by a deed of trust on certain property, and to foreclose the equity of redemption of said company, Edward K. Hill, Howard Gray, Empire Trust Company, and Harry W. Blair, and to order said property sold. The petition alleges that plaintiff is informed that Edward K. Hill, George W. Hoadley, A. H. Hoadley, E. J. Bennett, G. S. Graham, F. F. Carpenter, P. Reimer, A. E. Oldham, V. Dart, and P. McKenna are claiming to be holders and owners of part of said series of bonds.

It is charged in the petition that if any of said parties hold any of said bonds, they obtained possession of same without paying any consideration therefor ; that no interest had ever been paid on any of said bonds; that said Cathedral Mining and Smelting Company was insolvent at time of trial, and had been insolvent for more than two years prior thereto; that said smelting company for two years or more prior to the date of trial had not attempted to do any business, had not elected any officers or kept any office open, and had abandoned its property and business. The prayer asks for general relief.

All of the defendants appeared. The mirting company and defendant Blair first filed a demurrer to said petition and afterwards withdrew the same. On October 1, 1910, all of the defendants filed a joint answer, which was signed by Perkins and Blair, and H. W. Currey, attorney for defendants. Said answer denied the alleged equities of plaintiff, and averred that the bonds were acquired by the holders in good faith and for a valuable consideration. It is alleged in the answer that the mortgage referred to in petition could not be [194]*194foreclosed, because the holders of three-fourths of the amount of the oustanding unpaid bonds and coupons had not requested the trustees to foreclose, as provided in said deed of trust. The answer further alleged that plaintiff had made .no demand upon the trustees for a foreclosure, and that three-fourths of the holders of said bonds in amount had not agreed to the foreclosure of said mortgage; that plaintiff could not maintain his suit until such conditions of the deed of trust had been met.

On November 22,1910, plaintiff filed a petition for an order requiring defendants to produce certain papers to be inspected and copied, as follows:

“ (1) The articles of association of the Cathedral Mining Compay. (2) The books of the Cathedral Mining Company showing the proceedings of the stockholders of said company and of the directors of said company. (3) The stock book of the Cathedral Mining Company, showing the issue of stock, to whom issued and who the present stockholders are. (4) The record showing the sale of bonds of said company, to whom sold and payments received therefor. (5) The books and records of the Chapel Mining Company, showing the minutgs of the proceedings of the board of directors and of the stockholders of said Chapel Mining Company. (6) The stock book of said Chapel Mining Company, showing who were the stockholders of said Chapel Mining Company. (7) The articles of association of the Mission Mining Company, together •with the records showing who were the stockholders in the Mission Mining Company, and showing the proceedings of the board of directors and of the stockholders of said Mission Mining Company. (8) The articles of association of the Vestry Mining Company and the records showing who were the stockholders of the Vestry Mining Company. (9) The records showing the proceedings of the board of directors and the stockholders of the Vestry Mining Company. •

[195]*195“Plaintiff shows to the court that the Cathedral Mining Company, the Mission Mining Company and the Vestry Mining Company were corporations organized outside of this State, and that their offices and their records were all kept outside of this State, and that the said George W. JEIoadley, Edward K. Hill, and possibly some of the other defendants herein, were stockholders -and managers of said companies.

“Plaintiff says that to prepare his case properly for trial and that justice may be done between the parties herein, it is absolutely necessary that the plaintiff, prior to announcing ready for trial, should have a chance to inspect said records, make copies of such as may be necessary, and that they should be where they can be used as evidence in the trial of this cause. ’ ’

This petition was verified by one of plaintiff’s counsel.

On November 26, 1910, the following record entry appears, in respect to said petition:

“Now comes on for hearing plaintiff’s petition requiring defendants to produce certain books and papers for plaintiff’s inspection, heretofore filed herein; said petition is taken up, and being seen, heard and fully understood by the court, the same is sustained.

“It is therefore ordered by the court that said defendants be, and they are hereby required to produce, for plaintiff’s-inspection, on or before the second day of January, 1911, such books and papers bearing upon the issues in this cause as shall be designated by the plaintiff. ’ ’

On February 20, 1911, plaintiff filed a motion to strike out the answer of said defendants, as follows:

“Now comes the plaintiff and moves the court to strike out the answer of the Cathedral Mining Company, G. W. Hoadley, Edward K. Hill and Harry W. Blair, defendants herein, for the following reasons, to-wit: Because this court at its last term, to-wit, the November term, 1910, made cm order of record in [196]*196this cause, after due notice to said defendants, requiring them to produce for the inspection of the plaintiff in preparing his case for trial, certain books and papers in the possession and under the control of said defendants, on or before the 2nd day of January, 1911, and the defendants have wholly neglected, failed and refused to produce said books and papers, or any part thereof, by reason of which their answer should be stricken from the files in this cause.”

On February 25, 1911, the following record entry appears:

“Now, at this day, the motion heretofore filed by the plaintiff to strike out the answer of defendants, Cathedral Mining & Smelting Company, G-. W. Hoadley, Edward K. Hill, and Harry W. Blair, comes on for hearing. Plaintiff appears by his attorneys, McReynolds & Halliburton, and the defendants appear not in person, and their attorney of record, although duly served with a copy of said motion, appears not; and it appearing to the court that said motion was filed in this court on the first day of this term and was regularly set for hearing today,, and that said defendants’ attorney of record- had notice of such setting and was in court in person this day, and his attention called to said motion and its pendency for hearing, and plaintiff’s attorneys demanding a hearing on said motion, all and singular the matters therein are submitted to the court; and the court after hearing the evidence and examining the files and records in this cause, doth find that at the November term, 191Ó, of this court, on petition and application of plaintiff, and after notice to the defendants and their appearance to said petition and application by their attorney of record, the court made an order of record requiring

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Cite This Page — Counsel Stack

Bluebook (online)
174 S.W. 420, 264 Mo. 190, 1915 Mo. LEXIS 58, Counsel Stack Legal Research, https://law.counselstack.com/opinion/stimson-v-cathedral-mining-smelting-co-mo-1915.