Teel v. Yancey
Teel v. Yancey
Opinion of the Court
This is an appeal from a decree of the late District court of the 6th Judicial District, affirming a decree of the Circuit court' of Frederick county.
The following facts disclosed by the record, are necessary to be adverted to in order fairly to present the question this court is now called upon to consider.
Col. Wm. B. Yancey, of the county of Rockingham, departed this life in the year 1858, leaving a large real estate. After his death several suits were brought, having for their object the sale of his real estate, for the payment of his debts and the partition of the surplus among his heirs at law. It is not necessary to notice the proceedings in these several suits, (which were after-wards consolidated into one,) except the fact, that on the 3d of June 1860 the Circuit court of Rockingham entered a decree directing a sale of the real estate of which Col. Yancey died seized, and Thomas L. and Wm. B. Yancey were appointed commissioners to sell the same. This decree was not executed until January 1863.
The land at this sale was bid offi by C. A. Yancey, one of the heirs, at $80.50 per acre. The upper part (one-half) was afterwards sold privately to Bernai d P. Teel, at $80 per acre; and Wm. B. Yancey, the commissioner, who made the sale, agreed to take the other half at the same price. This sale was reported to the court, and its confirmation was resisted, upon the ground of inadequacy of price; and much evidence was taken
At this sale Bernard F. Teel and 'Wm. B. Yancey became the purchasers; Teel purchasing one-half of the home farm (of 457 acres) at $142.00 per acre, and Yancey the other half, at the same price ; the woodland was also purchased by the same parties; one hundred and thirty-seven acres being taken by Teel, for which he agreed to pay the sum of $1,570 ; and one hundred and thirty-eight and a half acres being taken by Yancey, for which he agreed to pay the sum of $1,402.32. This sale was reported to the court and confirmed without objection ; and Teel and Yancey, in accordance with the terms of the decree allowing the purchasers to pay one-half the purchase money upon the confirmation of the sale by the court, accordingly paid down in cash one-half the purchase money, and executed their bonds tor the deferred payments, payable in two and four years from the day of sale.
These bonds fell due after the close of the late war, to wit, on the 7th of August 1865 and the 7th of August 1867.
Upon the return of the report under this decree, showing the indebtedness of Vm. B. Yancey, one of the purchasers, to be the sum of seventeen thousand five hundred and forty-five dollars and seventy-one cents, and of the other purchaser, Bernard P. Teel, the sum of seventeen thousand six hundred and twenty-nine dollars and seventy-five cents, the court decreed against them and
To these decrees an appeal was allowed to the District court at 'Winchester. On the 3d of December 1869, that court affirmed the decrees of the Circuit court of Frederick: and an appeal was allowed from the decree of the District court to this court.
In the petition of appeal to the District court and to this court there are several errors assigned, and relied upon, in argument here, which I will now proceed to notice.
As to the first error suggested in the petition for appeal to this court, to wit: that the District court had no jurisdiction “to hear the cause or make any decree therein,” it is sufficient to refer to the act of Assembly approved March 5th, 1870, commonly called the “Enaabling Act,” and the construction of that act by this court in the case of Griffin’s ex’or v. Cunningham, 20 Gratt. 31.
If the District courts were not continued by the operation of the schedule, their acts were declared legal and binding by the act referred to; and that act was declared by this court, to be valid ; except the proviso which gave this court the authority to rehear and review causes
Another error assigned, is, that the Circuit court of Bockingham ought to have confirmed the sale made by !Wm. B. Yancey, surviving commissioner, on the 13th of January 1863. That sale was excepted to, 1st: Because the land was sacrificed at private sale. 2d: Because ¥m. B. Yancey, the commissioner, was interested in the purchase of the lower tract. 3d: Because an advance upon the price was offered by Mr. Price. And 4th: Because there was no memorandum of the sale.
The Circuit court sustained these exceptions, and set aside the sale. There was no error in that decree. It is manifest from the evidence taken upon the exceptions to the sale, that persons were prevented from attending the sale, in consequence of the prevailing impression that no sale would take place at the time advei’tised; which was based upon the cui’rent report that the widow would not consent and unite in the sale. The doubt and uncertainty as to whether the widow’s dower would be sold with the land, manifestly affected the price ($80 per acre).for which it was sold; several witnesses stating that the land would have brought $100.00 per acre, if it had been ascertained that the widow was. willing to unite in the sale; and one witness,Geo. W.Price, (whose responsibility was not questioned,) binding himself to bid at the start $90 per acre, if the land should be put up again. It was also shown that one-half of the land was bought by the commissioner, ¥m. B. Yancey, who
Another alleged error, is the appointment of Charles A. Yancey, as commissioner to make the second sale, who was one of the plaintiffs in the suit, in his own right and as adminstrator de bonis non of his father, ¥m. B. Yancey, as trustee of one of the .other parties interested, and as next friend of certain infants.
There was nothing in these relations which disqualified him as a commissioner to do the behests of the court. In fact a commissioner is but the agent of the court. A salé by a commissioner is a sale by the court; his acts are subject to the control and superintendence of the court, and are liable to exception by any person interested; aúd, indeed, there is no sale without the approval of the court. The fact that Charles A. Yancey was one of the plaintiffs does not affect the validity of the sale.
Under the English practice in chancery proceedings, the conduct of the sales is usually , given to the plaintiff, or other party having the charge of the general proceedings. (See 2 Dan. Ch. Pr. 1267.) Nor is there any thing in the rules of chancery practice in our courts, which forbids such appointment. The commissioner is the officer of the court, and acts under its supervision. His errors, when brought to the notice of the court, or when appearing on the face of the proceedings, will be corrected.
It is no where proved, or even charged, that the conduct of the commissioner was not perfectly fair and impartial. No objection was made to the commissioner in the court below, nor was the court asked to substitute another; nor was' the sale objected to on account of the commissioner being a party to the suit. The
The remaining assignment of error, and the one mainly relied upon by the counsel for the appellants, is that the court below erred in decreeing that the deferred instalments of the purchase money for the land sold pursuant to ahe decree of May 1863, “ were not payable in Confederate States treasury notes,” but “in such funds as might be current at the dates when said instalments might fall due;” and in decreeing against the appellants’ payment of these sums in the present currency.
It is insisted for the appellants, that the sale was made for Confederate currency, or with reference to said currency as a standard of value ; and that therefore the instalments falling due in 1865 and 1867 ought to be scaled. They rely in their answers, mainly upon the fact that the land sold for so large a price, $142.50, as to preclude the idea that it was sold for any other than depreciated Confederate currency. Teel says, “ the prices at which these lands sold show that the payments were to be made in current' funds, or Confederate money, and that currency was the standard of value in the contemplation of the parties.”
Price, who was the purchaser from ¥m. B. Yancey, of his part of the purchase at the sale, says in his answer: “ The price was so far above the regular value of the property in any other currency as to preclude the idea of any other standard of value.” They both insist that the deferred payments should be scaled. It is a noteworthy fact that neither of the defendants make any reference to what occurred at the sale as to the terms upon which the land was sold as announced by the commissioner and auctioneer, but rely entirely upon the pré'
Before referring to the evidence in the record; which ° is clear and uneontradicted, it may be observed that the mere fact that the land brought nearly double its value in gold, is not of itself a conclusive presumption under the circumstances of this case, that the sale was made for Confederate currency, or with reference to such currency as a standard of value. It must be remembered that the real value of the land is fixed at 75 or 80 dollars per acre, that it was assessed before the war at $80 per acre. The purchaser had the privilege of paying down in cash one-half of the purchase money, and the balance was to be paid in two and four years. The home farm, 457 acres, sold for $67,379 00. Half of this amount, $33,689.50, the purchaser could, if he chose, pay in Confederate currency, worth $2,406.32 in gold. With this privilege he could get one-half the land at from five to six dollars an acre, which was worth from $75 to $80 per acre. He might therefore, be perfectly willing to take the risk of paying for the other half in a sound currency. But the risk was a small one at best; for if re> quired to pay the balance of the purchase money in gold it would not be more or very little more than the value' of the land. On the other hand, he had the chance, and not a remote one, of paying the whole in a depreciated currency. Indeed, if the war had lasted four months longer, one-fourth more of the purchase money would have been received in a still more depreciated and nearly worthless currency. It, therefore, by no means follows, that the large price for which the land sold, furnishes a conclusive presumption that it was sold for Confederate currency when it was sold upon such long credit,'and ^he purchaser had the privilege of paying for one-half in
But in this case we are not left to presumptions arising upon isolated facts : but we have clear, distinct, and uncontradicted proof of the terms upon which the land was sold by. the commissioner and purchased by the appellants. Seven witnesses were examined, among them the commissioner who made the sale and the auctioner. who cried oft' the land. They all concur in the statement, that the terms were publicly announced, and that these terms were, that one-half of the purchase money would be received in cash when the sale was confirmed, and the other half to be paid in two and four years from the day of sale, in the currency which might be in circulation at the maturity of the deferred payments.
Mr. Logan, one of the commissioners who made the sale, says: “The notes were drawn payable in one, two, three and four years; payable in current fundi; the purchaser having the privilege of paying the two first payments upon a confirmation of the sale; the two deferred bonds to be paid in the currency at the time they fell due.” “ I recollect distinctly announcing the the terms myself” .“I announced it to the crowd for the benefit of all concerned.” In answer to the question: “ You state the deferred bonds were to be paid in the currency of the country at the time they fell due: Explain whether you mean the currency of the country, wrhich existed at the date of the sale, or the currency which should exist when the bonds matured.” Answered : “ The currency which should exist at the maturity of the bonds ; that was my understanding.”
Mr. Bowman, the auctioneer, states: “ It has been
Five other witnesses who were present at the sale, concur in stating that it was distinctly announced by the commissioner making the sale, that the deferred payments were to be made in whatever might be the currency in circulation when these payments became due. Hot one of these witnesses is contradicted; nor can a witness be produced who was present at the sale, who will say that the terms were different, or that they were not announced as stated by these witnesses, on the day of sale. It is a pregnant fact, that neither of the purchasers are examined as witnesses to prove that they did not so understand the terms of sale; and in their answers, neither say one word on the subject, but rely
I have already shown, that without looking to the evidence in the cause, this presumption would by no means be a conclusive one. But if it could be raised, is entirely overcome by the undisputed facts in the cause. There is still another fact which, standing alone, would go far to show conclusively that the whole of the purchase money was not to be received in Confederate money, but the deferred payments in such currency as might be in circulation at their maturity; and that is the fact that two hundred dollars per acre was actually offered in Confederate money, and was refused.
The witness, Gibbens, says: “ I was offered that day (the day of sale) $200 per acre, if I would purchase and agree to take the responsibility of the deferred payments.”
Mr. Logan Says: “ I was offered privately $200 per acre for the land, by Mr. Branch, of Petersburg.”
I am of opinion that it is conclusively shown by the evidence, of which there is no conflict, that the true understanding and agreement of the purchasers, that the bonds maturing on the 7th of August 1865, and the 7th of August 1867, should be paid in the present currency, that being the currency in circulation when the bonds fell due; and that in accordance with the principles settled by this court in Boulware v. Newton, 18 Gratt. 708; Kraker v. Shields, 20 Gratt. 379; and Morgan's adm'x v. Otey, 21 Gratt. 619, the decree of the District court should be affirmed. .
I am the more satisfied with this conclusion, not only because it is based upon well settled principles, which must now be regarded as firmly settled by this court, but because it meets all the equities of the case. If it were possible to regard the sale in this case as a sale in
Moncure, P., and Staples, J., concurred in the opinion of Christian, J.
Anderson and Bouldin, Js. dissented.
Decree appirmed.
Reference
- Full Case Name
- Teel & als. v. Yancey & als.
- Status
- Published
- Syllabus
- 1. The act of March 5th'1870, commonly called the Enabling Act is a valid act, except the proviso which authorizes the Court of appeals to review the decisions of the Court of appeals under the reconstruction acts; and the District courts of appeal, sitting in December 1869 had jurisdiction to hear and decide the causes then pending therein. 2. A judicial sale of land is excepted to, 1st: Because the land was sacrificed; 2d: Because one of the commissioners (o sell was interested in the purchase of one-half of the land. 3d: Because a material advance was offered by a substantial bidder. 4th: Because there was no memorandum. These are valid objections, and the sale was properly set aside. 3. It is not a valid objection to a judicial sale of laud, that one of the commissioners was a plaintiff in the suit, in his own right and as administrator, and also had an interest in the land sold, both in his own right and as trustee of another, and as next friend of- the infants. 4. In May 1863 there is a decree for the sale of land, and in August 1863, there is a sale by the commissioners, who announce publicly the terms of sale to be, on a credit of one, two and four years; the purchase money to be paid in the currency which may be in use when the respective payments fall due; but with the privilege to the purchaser to pay one-half of the pin-chase money upon the confirmation of the sale by the court. The land, which was worth in gold eighty dollars per acre, sold for one hundred and forty-two dollars per acre; and the sale being confirmed, the purchasers paid one-half the purchase money with Confederate currency, executing their bonds for the other half, which fell due in August 1865 and 1867. They must pay off these bonds in the currency of the United States; that being the currency in use when they fell due.