Washington v. Rosario Mining & Milling Co.

67 S.W. 459, 28 Tex. Civ. App. 430, 1902 Tex. App. LEXIS 155
CourtCourt of Appeals of Texas
DecidedMarch 10, 1902
StatusPublished
Cited by12 cases

This text of 67 S.W. 459 (Washington v. Rosario Mining & Milling Co.) is published on Counsel Stack Legal Research, covering Court of Appeals of Texas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Washington v. Rosario Mining & Milling Co., 67 S.W. 459, 28 Tex. Civ. App. 430, 1902 Tex. App. LEXIS 155 (Tex. Ct. App. 1902).

Opinion

CONNER, Chief Justice.

In this case we are confronted with a transcript of 1041 pages, and with briefs presenting some seventy-three assignments of error. This statement merely will render obvious the futility of any effort to dispose of all questions presented in detail. We must perforce content ourselves with a determination in a general way of snch questions, and such questions only, as in our judgment are material in view of the conclusions reached by ns. Thus treated, the difficulty in disposition is largely one of labor.

Briefly stated, the suit was instituted by appellants; William D. H. Washington and Fred Howard Porter, against the appellee mining company, Ben J. Tillar, J. A. Walker, F. W. and N. W. McConnell, and others as to whom the suit was afterwards dismissed, for damages in a large amount for the alleged breach of an option contract for the sale of certain mining properties owned by the appellee company, and situated in the republic of Mexico.

The contract for the breach of which appellants sued, was given July 19, 1899, to expire October 15, 1899, but extended October 12, 1899, as hereinafter stated. Omitting terms not necessary to notice, the July contract provided that W. D. H. Washington and his associates should be given an option until October 15, 1899, to purchase the mining propperties herein described for the sum of $800,000, gold, of which $100,-000 cash was to be paid on or before said October 15; $100,000 one year thereafter; $300,000 two years thereafter, and $300,000 three years thereafter. For the deferred payments notes of the purchasers were to be given bearing interest at the rate of 6 per cent per annum, and secured by a first mortgage lien on all the properties sold, with a stipulation that in case of default in the payment of any one or all of said notes the holder should have the option to declare a forfeiture of all previous payments made, and likewise of the property conveyed, with right of immediate repossession "without judicial ascertainment.” No sale having theretofore been effected, on October 12, 1899, the appellee company executed another option contract giving Washington the right until March 10, 1900, to sell- or to purchase the aforesaid properties for $800,000 in cash. It seems that this contract was entered into with a view of an ultimate sale by Washington to Haggin and Daly, but inasmuch as there is no evidence of an offer on the part of appellants to comply with its terms, it will not be set out. Indeed, it is expressly stated in the supplemental brief and argument in behalf of appellants, that "Appellants did not, after January 27, 1900, and do not now, undertake to carry out the contract and covenants contained in the resolutions *432 of the defendant company, dated October 12, 1899, as their pleadings and the record will show.” We therefore eliminate the contract of October 12th and all questions dependent thereon. On the same day, however, and transmitted therewith, the following letter or contract. was executed, to wit:

“The Rosario Mining and Milling Company. Fort Worth, Texas, October 12, 1899.—Mr. W. D. H. Washington, Mew York City: Dear Sir.—Referring to the option contract this day given to you to purchase. the property of the Rosario Mining and Milling Company in Mexico, I have to say that in the event that you shall for any reason fail to make the sale to Haggin and Daly, contemplated, this company will give you an opportunity to sell the same property to other persons, if you can do' so by February 1, 1900, upon the same terms which were offered to you> in the option contract with you which expired October 15, 1899. A' commission of 5 per cent on the cash payments to be allowed the same as if the sale should be made strictly under your option this day given you looking to a sale for cash. . If you satisfy us by the first day of February, 1900, that you can carry out the contract to buy" said property upon the terms of said option on time terms, then you can have until1 March 10, 1900, to consummate such sale. Rosario Mining and Milling Company. Ben J.. Tillar, Secretary.”

We find no resolution of the board of directors of the appellee company authorizing this letter, but it is treated in behalf of appellee as an authorized extension, upon the terms therein stated, of the option of date July 19, 1899, and we therefore so consider it.

Among others, the pleadings, evidence, and charge present the following issues: (1) Did appellants'satisfy the appellee company “by the 1st day of February,, 1900,” that they could “carry out the contract to buy said property upon the terms” of said July option, as required in the instrument of-extension? (2) Were appellants in fact ready,, willing, and able to perform o.n their part the contract sued upon on or before March 10, .1900,- and did they offier to do so?

The jury by. their verdict, in effect, ’answered these questions in the negative, and after a painstaking consideration of the record, we have concluded that the judgment of the trial court approving that verdict must be sustained. The evidence sustaining the • verdict on the first question,- supra, may be thus briefly summarized:

. The option contract of October 12, 1899, and a former contract with one Baleom, secured by appellants, but which expired before October 12th, provided for an examination of the properties involved by experts at the cost of. the contemplated- purchasers. It appears that several of such examinations, had been made, involving an expense to appellants of some $23,000, and over, notably one by William H. Emanuel, whose report thereof was very favorable to the appellee company. On January 27th Washington wrote to-Tillar, secretary of the company, the following letter: * ■ . -

“The Mew York and Mew Jersey Water Company, Mew York, Jan *433 uary 27, 1900.—Ben J. Tillar, Esq., Secretary Rosario Mining and Milling Company, Fort Worth, Texas: Dear Sir.—In accordance with the requirements of your agreement addressed to me, and dated on the 12th day of October, 1899, referring to and concerning the option given to me to purchase the property of the Rosario Mining and Milling Company in Mexico, I hereby notify you that I have failed to make a sale of said property to Messrs. Haggin and Daly for the reasons already given .you. I have, however, arranged a sale of said property to other parties upon the terms contained in my option which expired October 15, 1899, and notify you that I can carry out the contract to buy said property upon the terms and can consummate said sale on March 10, 1900, the date provided in your said agreement of October 12, 1899. Yours very truly, Wm. D. H. Washington.”

To which Tillar replied by telegram on January 30th, as follows: “Replying to your letter 27th, you must satisfy us February 1st by deposit or guaranty.” To which Washington replied to Tillar by telegram on January 31st as follows: “My option requires payment on March 10th, no provisions for deposit or guaranty prior thereto.

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Bluebook (online)
67 S.W. 459, 28 Tex. Civ. App. 430, 1902 Tex. App. LEXIS 155, Counsel Stack Legal Research, https://law.counselstack.com/opinion/washington-v-rosario-mining-milling-co-texapp-1902.