Thomas v. First National Bank

186 S.E. 77, 166 Va. 497, 1936 Va. LEXIS 214
CourtSupreme Court of Virginia
DecidedJune 11, 1936
StatusPublished
Cited by13 cases

This text of 186 S.E. 77 (Thomas v. First National Bank) is published on Counsel Stack Legal Research, covering Supreme Court of Virginia primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Thomas v. First National Bank, 186 S.E. 77, 166 Va. 497, 1936 Va. LEXIS 214 (Va. 1936).

Opinion

Chinn, J.,

delivered the opinion of the court.

The appellant, Florence S. Thomas, is the widow of J. M. Thomas, who died in the city of Danville on November 28, 1934. The couple had been married thirty-one years and had no children.

[500]*500On July 9, 1929, the decedent wrote a will in his own handwriting, naming the First National Bank of Danville, the appellee, as his executor, and giving his wife certain real estate and personal effects, an income of $500 peT month, and further providing that she should have the power to will away half of his estate remaining at hex* death, the rest of it to be divided among his brothers and sisters. On March 10, 1934, Thomas suffered a severe hemorrhage which caused him to he taken to a hospital in Danville for examination. After remaining there several weeks he was advised by Dr. Upchurch, a specialist on urinary diseases, that he had a cancerous tumor. Shortly afterwards, on April 24, he executed a holograph codicil to his will, hy which it was provided that his wife should under no circumstances receive less than $500 per month, and the right previously given to his wife to dispose of one-half of his estate remaining at her death was revoked.

Thomas owned 250 shares of the stock of the Tate & Thomas Co., Inc., a corporation doing business in Dan-ville, Va. The total outstanding issue of this stock was 1,000 shares, of which J. R. Tate, a life-long business friend and associate of Thomas, owned the other 750 shares. Sometime after Thomas suffered the hemorrhage, referred to, he told Tate that he wanted to transfer this 250 shares of stock in Tate & Thomas Co., Inc., to his wife, and asked Tate if he thought it could be done without going to the “regular expense.” Tate advised him how he thought it could be done, and Thomas afterwards told Tate that he had transferred the stock to his wife. In making the transfer Thomas did exactly what Tate told him to do.

Thomas conducted a business in the city of Danville under the firm name and style of J. M. Thomas & Co., and maintained an office at his place of business. On May 5, 1934, Thomas, at his said office, assigned and transferred in blank on the back thereof the certificate for 250 shares of Tate & Thomas Co., Inc., standing in his name, with [501]*501Mrs. P. J. Burton, his secretary, as., a witness to his signature. At the same time Thomas also signed the following typewritten memorandum on the stationery of J. M. Thomas & Co.: “The enclosed stock, 250 shares of Tate & Thomas Co., Inc., and gold, bond No. 167, for $1,000 of the Masonic Building Corporation is the personal property of my wife, Florence Thomas.” His signature to this paper is also witnessed by Mrs. P. J. Burton, who typed •the document. This writing along with the stock certificate and the Masonic Building Corporation bond referred to therein, were placed in a plain white envelope which was sealed and addressed in Thomas’ own handwriting, “Mrs. J. M. Thomas.” This envelope was placed in a lock box in Thomas’ safe in which he kept his private papers.

It appears that after the hemorrhage suffered by Thomas on March 10, 1934, he was continuously under the care of his doctors but grew steadily worse. In April his local physician took him to Richmond and placed him in the care of a specialist in that city, where he stayed some time under treatment for his ailment without any improvement resulting from it. After undergoing treatment at his home and in Danville and Richmond hospitals for several months, he finally became confined to his bed about the middle of July, and from that time on was unable to go to his office or attend to his business.

After he became confined to his bed and while at his home Thomas told his wife, in effect, that the Tate & Thomas stock he had given her was hers to sell or use as she pleased, and said, “You will not have any trouble with that because it is all sealed in an envelope and addressed to you.”

About the middle of July, after “he knew he was down for good for sometime,” Thomas gave his wife his bunch of keys, among which was the key to the locked compartment in the iron safe at his store, and told her to take care of them for they would mean a great deal to her if anything happened to him, “for the keys there in that bunch open the box in which there are private papers [502]*502left for you.” On a number of subsequent occasions Thomas charged his wife as to the importance of taking good care of the keys for the same reason. It does not appear what other keys were in the bunch referred to except that there were keys to the front and back doors of the Thomas residence. From that time Mrs. Thomas kept the keys exclusively in her possession by locking them in her wardrobe or carrying them in her pocketbook. In August Mr. Thomas was again taken to Richmond for treatment. He was accompanied by Mrs. Thomas, who carried the bunch of keys with her. In reply to the question whether Mr. Thomas mentioned the keys while he was at the hospital in Richmond on this occasion, Mrs. Thomas said: “Well, the very morning we got there Dr. Geisinger took him for a cystocopic examination, and of course it was very trying and very painful and for several days he was right sick, but after he rallied from that, one of his first questions was to< me, ‘Florence, where are your keys?’ I said, ‘Jim, I had them in my purse but they were heavy. I have them locked up in my trunk over at the boarding house,’ and he said, ‘Remember those keys are very precious for you to hold, for you might need them in order to get in the box in my safe to give you possession of what I told you I have left you in the box.’ ”

A day or two, after Thomas’ death, while Mrs. Thomas was confined to her bed under the care of a doctor and nurse, she was requested to deliver the keys to the First National Bank of Danville, the executor named in the will, and thereupon got up from her bed, unlocked her wardrobe and gave the keys to J. R. Tate for the executor.

L. C. Horne, assistant trust officer of the bank, and J. R. Tate went to Thomas’ place of business and with the use of one of the keys on the bunch he had gotten from Mrs. Thomas gained access to the locked compartment in Thomas’ safe. Among the papers there was found the white sealed envelope addressed, “Mrs. J. M. Thomas,” in her husband’s handwriting. Before examin[503]*503ing the contents of the safe, Tate notified L. C. Horne that he would probably find there an envelope addressed to Mrs. Thomas containing the Tate & Thomas stock. Upon finding the envelope Horne handed it to Tate who refused to open it because he thought it belonged to Mrs. Thomas, hut it was then opened by Horne without Mrs. Thomas’ knowledge or consent, and was found to contain the certificate of Tate & Thomas stock assigned in blank under date of May 5, 1934, the Masonic Building Corporation bond, the memorandum executed by J. M. Thomas, witnessed by Mrs. P. J. Burton and described above, and two certificates of ownership of certain patent rights issued to Mrs.. J. M. Thomas and held by her husband for safekeeping.

The bank refused to deliver Mrs. Thomas the Tate & Thomas stock and the bond, and on December 18, 1934, instituted this suit to obtain a construction of Thomas’ will, and also the determination of the court as to the ownership of the Tate & Thomas stock and the Masonic Building Corporation bond.

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Bluebook (online)
186 S.E. 77, 166 Va. 497, 1936 Va. LEXIS 214, Counsel Stack Legal Research, https://law.counselstack.com/opinion/thomas-v-first-national-bank-va-1936.