Glover v. Chase
Glover v. Chase
Opinion of the Court
This is an action on a promissory note, tried by the court without a jury, per stipulation on file. The plaintiff, to prove his ease, showed the note in possession of one Folsum, and that he held it under a contract, which was produced on the trial, and is in the following words, to-wit:
“ This agreement, made and entered into this nineteenth day of April, A. D. 1881, by and between John E. Glover and “Wellington Vannatta, of St. Croix county, Wisconsin, (doing business as Glover & Vannatta,) parties of the first part, and A. M. Chase, of Taylor’s Falls, Minnesota, party of the second part, witnesseth: That whereas, said Glover & Vannatta have obtained title by tax deed of the S. W. J of the S. W. \ of section six, (6,) township forty-one, (41,) of range nine (9) west, in Ashland county, Wisconsin, upon which is situated the Eaquawanoe dam, heretofore built and occupied by*376 said party of the second part; and, whereas, said party of the-second'part is desirous of purchasing said property of the party of the first part:
“ Now, therefore, these presents witnesseth that said party of the. second part agrees to pay therefor the sum of $1,000, within 60 days after one-haif of the Namekagon drive of logs for the season of 1881 is in the St. Croix boom, and has executed a note for that amount, payable at that time, to said party of the first part, and deposited the same is escrow in the hands of L. W. Fol-sum.
“ It is agreed that said party of the first part shall, as soon as is convenient, execute a warranty deed of said premises, good and sufficient in the law to-pass the title in fee-simple to said premises to said Aaron M. Chase, and deliver the same into the hands of said Folsum, to be held by him in escrow until the said note shall be fully paid, and when so paid shall be by said Fol-sum delivered to said Chase. And said Cháse further agrees to enter into said premises, and hold the same as the tenant at sufferance of said party of the first part, and shall have no further right or interest therein until the said note is paid, and the deed delivered to said Chase.
“ In witness whereof, we have hereunto set our hands and seals the day and year first above mentioned. “ Glover & Yanhatta.
“A. M. Chase!
“Signed in presence of
“ L. ~W. Folsum.”
The contract in terms provides for the payment of $1,000 for the land therein specified, and the defendant executed his note for this amount, and deposited it in escrow with Folsum according to the agreement. The note reads as follows:
“$1,000. Taylor’s Falls, April 18,1881.
“ For value received I promise to pay John Glover, or order, $1,000,60 days after one-half of the logs now being in the Namekagon river shall have been driven into the St. Croix boom. A. M. Chase.” '
This note, as I construe the agreement, was not to be delivered to the plaintiff until he and one Wellington Yannatta executed a warranty deed sufficient to pass the title in fee of the premises mentioned in the agreement, running to the defendant, the maker of the note, as grantee, and delivered it to Folsum, to be held by him in escrow until said note shall be fully paid, and when the no,te was paid the deed “shall be by said Folsum delivered to said-Chase.”
A deed was introduced, executed by the proper parties, which had been deposited with Folsum, but the description of the land does not correspond with that mentioned in the agreement, and Folsum has retained in his possession both the note and the deed, ’ It is proved that the note, according to its terms, has matured.
The answer of the defendant denies the execution and delivery of the note, and alleges that the plaintiff is not and never was the owner or
Opinion of the Court
This is an action on a promissory note, tried by the court without a jury, per stipulation on file. The plaintiff, to prove his ease, showed the note in possession of one Folsum, and that he held it under a contract, which was produced on the trial, and is in the following words, to-wit:
“ This agreement, made and entered into this nineteenth day of April, A. D. 1881, by and between John E. Glover and “Wellington Vannatta, of St. Croix county, Wisconsin, (doing business as Glover & Vannatta,) parties of the first part, and A. M. Chase, of Taylor’s Falls, Minnesota, party of the second part, witnesseth: That whereas, said Glover & Vannatta have obtained title by tax deed of the S. W. J of the S. W. \ of section six, (6,) township forty-one, (41,) of range nine (9) west, in Ashland county, Wisconsin, upon which is situated the Eaquawanoe dam, heretofore built and occupied by*376 said party of the second part; and, whereas, said party of the-second'part is desirous of purchasing said property of the party of the first part:
“ Now, therefore, these presents witnesseth that said party of the. second part agrees to pay therefor the sum of $1,000, within 60 days after one-haif of the Namekagon drive of logs for the season of 1881 is in the St. Croix boom, and has executed a note for that amount, payable at that time, to said party of the first part, and deposited the same is escrow in the hands of L. W. Fol-sum.
“ It is agreed that said party of the first part shall, as soon as is convenient, execute a warranty deed of said premises, good and sufficient in the law to-pass the title in fee-simple to said premises to said Aaron M. Chase, and deliver the same into the hands of said Folsum, to be held by him in escrow until the said note shall be fully paid, and when so paid shall be by said Fol-sum delivered to said Chase. And said Cháse further agrees to enter into said premises, and hold the same as the tenant at sufferance of said party of the first part, and shall have no further right or interest therein until the said note is paid, and the deed delivered to said Chase.
“ In witness whereof, we have hereunto set our hands and seals the day and year first above mentioned. “ Glover & Yanhatta.
“A. M. Chase!
“Signed in presence of
“ L. ~W. Folsum.”
The contract in terms provides for the payment of $1,000 for the land therein specified, and the defendant executed his note for this amount, and deposited it in escrow with Folsum according to the agreement. The note reads as follows:
“$1,000. Taylor’s Falls, April 18,1881.
“ For value received I promise to pay John Glover, or order, $1,000,60 days after one-half of the logs now being in the Namekagon river shall have been driven into the St. Croix boom. A. M. Chase.” '
This note, as I construe the agreement, was not to be delivered to the plaintiff until he and one Wellington Yannatta executed a warranty deed sufficient to pass the title in fee of the premises mentioned in the agreement, running to the defendant, the maker of the note, as grantee, and delivered it to Folsum, to be held by him in escrow until said note shall be fully paid, and when the no,te was paid the deed “shall be by said Folsum delivered to said-Chase.”
A deed was introduced, executed by the proper parties, which had been deposited with Folsum, but the description of the land does not correspond with that mentioned in the agreement, and Folsum has retained in his possession both the note and the deed, ’ It is proved that the note, according to its terms, has matured.
The answer of the defendant denies the execution and delivery of the note, and alleges that the plaintiff is not and never was the owner or
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