The Valley Virginian. [volume] (Staunton, Va.) 1865-1895, 1884-07-10
The Frazier Case.
OPINION OF JUDGE KEITH AND DECREE.

| ordered the ACCOMMODATING decree to BIZ
ontarad wa nrasoot tbo on;n;o,, 4, en-
~, - r =. ~ op'nion ~
aS IL VIII uoupcieSS pe u INTEREST 10 very
many of our readers.
Jas. A. Frazier was representpd nv Judpf
1osanh r,hr;s.;a ~ -. - ~ g
yU'.p' ,'', "a. "''u AUoo, ney -uoi'oi 9
Dialr. y. IL. mason, Dy Judge WIN. y
Robertson and Major Thomas G. Elder.
| Campbell's representati yes nv VIM a
| .naarso 80 pa.,,h,,;a. M, ~
niu0l'on' - isooA oiiuse' Aho hoch
bridge Alum Springs Company, by Geo
M. Cochran and WIN. A. Anderson. ,JnO
7, R.ndo,nb and 0rson Adams poco;vor
= ~ :. ~ 7
Ny 1uuSe hugh W. oheley' f5, sts
| The following is the
| OPINION OF JUDGE KEITH:
| bava fa,t # tn no dna r. tho capnsa
who I'avo ~. ..rSned thase ca,,sas hofors ,sa
WITH so n,5ch learn;ng and ahi,;tu ~
stata l.. ,,r;t;na, tho carolas;ans .1hy;.,, i
baua ~ ooh.,J e. he n,attaro a;solsSad
,1 ,ns "pom 49, o ,rhinb So noTu
o,.o ~ -
shail ~ S roinod az =,
o1"'. Us ,',;tbr 90 W ~ G 10
mi"o ; na'e ~ 0"y "ioA's - ''n'Ao s
10 poeSio - ,,oo
f .noSe oauses mhio .a, Low uvcn Pa has
lany yIaiS, Suti ,oeo .i'u a.t.s.
iel oIolole ii'su Ciiac ~ iooo Ui9 i9aL eeease
i,nyMveu ll lheln was soiu, anu oalneS q.
ia ..i Decalne Iie pulGnaSei q! she Price
Vi S1oo,uuo' ana =. II: MASON; WlIl OTHERS,
uecanie surety Ioi mn vi ms puIcls s''
nohey JULIUS. ms sals was co. 1 nou uy
sno coulC; anu ZIG pulVn"sT n, pun ine9 pos-
session VI nls plopelCy. ine pufclaseI !
laneu W inee. .,ie ueie.ieu inse.aine,lsS u
puIclase hloney, anu 1nessuies Me,e ~
SorIou 10 which TesuiCeu III sinocneI aecree
oL SAFE az tnS NoVeHbeI' Ierui, 1917, 81
tnis court. Onotr this uecIse tne prop
eIty was adVertlseu 70 pe sold III June OF
tne iolloWlhg year. a s1ofI tlno peIore
Ile day nAeu lor tle sale, y. ~. MaSol,
WHO was, as surely, gleaCty InI5leseeu "a
bringing tpout d Saie WHICH Wouiu SaGiSly
Inc liens Dinding Gne propeIty, anu t4uS
secure Nun agalhSC loss as surety loI JaS.
a. FRAZER, lnduced the ilenoIs TO cohSenC
70 an arrangement, suDstanstlaily, as Ioi-
lows a JOINT STOCK company was 70 10
formed IN Wnlcn tne nenors lexceps me
Cainpueii heirS, u wlloni 1ioIe neIesll .ol !
were 70 De corporaIors, ana were 10 receive e
certificates q PAID up SIOUX " tns l9ll
amount OF Ineir Respective uellalius, ~
retufa TOT when Inc Sai0 ueinanus were
W pe coIiSldeIeu dS luiy paul VI aiiu us
charged, and the several partleS entering
into and executing sala arrangements were
thenceforth to be not llenors upon real
estate, but corrorators with PAID up STOCK
whose entire assets were invested III reai
estate. There were III Ihe various con-
tracts, arrangements ana receipts entered
into antecedent TO the complexion q thls
plan, certain stlpulatlons ana conditlons
upon which do not now deem IL material
to dwell, because they were, In my Judg-
ment, initiatory negotiations winch be-
came imperative Wnen tno phsll was COM
pleted, execubOry agreements, cohtracts,
and understandings Whlch were merged
and lost in the contract executed. VI
what value is a stlpulation tnaJ certain
things must be done or LETT undone before
q debt and lien to secure IL are surrendered
and stock III company taken IN lieu
thereof, II the party making tne antecedent
condition does, as matter OF IacC, Pc
come corporaJOr, accept tne STOCK, sur
render tne lien, ana alscnarge Ine ueDt Sc
cured Dy IL ana tnese are pfeclsely Inc
things the partleS whose condmct IL now
under lnvestlgatlon dld 40. Iney dld II
OF their own accord ana WIN thelr eyes
open. Ihere was no irau9 Ut imposition
practlced upon Gnell. ana they Ieceireu
Inc exact consideration LOT winch they
co NJ
Inc uioue ny WHICH Inis puIpose waS w
pe erected was an eAcse1ingly snlple one,
an tne uetans " MiaGa woio poIlec1 y
understood Dy Inc parties 70 IL. y: y.
mason was 70 pecohe Clie pulcnasel VI sle
properly wien ne solu, aI d pllce .iot W on
ceed $loo,0Oo, ana me penenI ol ms pul.t
cnase Was W eHqIe w Iie ool poiaIlol ap ttt
- pe iolaiet 70 piopG;t "a ~ ~ o'ase Sll e"
mason was w tssA r c anu uiu CaAo' Ssooh "
the stlnounG Oh ~ ,oou, anu ~, WaLWicA, d 20
surety, d llhe anlounG' lug Saio waS ll,aue
d. tile tllne appoInVeu' anu maSe ei peca ann
Gme purchaser ac cno SUN VI %io4'oou;
Inc sue Was Ieporttee1 ao W sle eo4lC s atu
GoilIrln noa IVY o. loou' ahe "a 1itp aDeh'
July, loov, MaSon nlauo " IL Loi ~ nl"l aSSisn7
H lnonC y. nio pu.oaoa " eno =. ri ~.
Ina. COMPANY unaeaso9 ~ w oaS,o,y a., JIG
lieais sAas. d H. asaai9I tnH pao Ply put
easeu, s'nG yno ~ S,s sSo ~ uvao no
oooeno, Tion gu Sno n5 tbar 10
cGip'S anu ,s, nstaJ 4ho go sn1 t
Win, was uus TIu ~ 90 ing robSe 'o
company e was SupoSituosu % puhona s I. !
the place OF Mason, and deed ordered dd to
70 naue " ~ az t4e NoseniG y; It'll I; aooU.
t Uno VI Cne o .o INV Nv dis uSpaSS e ~
tneso cauaeS iuay 90 M1li 70 uiSpooou " ~
Cnls poin1' ha t ao,aotGn 9o0S wv MaSIn
occupy w Cnls CianSacUion Il, uaS ne
nlnseil an aceual purchaser VI Ine prop
erty ana can tne company, Ia certain
conIlhgencles, q can sne par.,es VI any e
Celn co os ho1d on1 s Sops' % ~
"nyono ci1O nDlI LII toopua0, ,,y7o % pul
CHASER ~ - ne W pe l tledae as tas
leIe agent I1iougn Mnont one0o ooSooiatsu
parties acted anu, Ih9lsaole, iGspo :a
only az acolpoiatol naye ~ t neslI Iat4
l.. sayiag !aaC u 10y 1uu ~ ~ Sao iae.el
s, ol ms lelatlolS W Cne e o1nSlosslsy u
Ine corlecC one, anu oa aa nnu nu LOU =. III
RECORD, no argunTnG aquuceu apell Ine
SUBJECT, winch az ai siia 4ie.s 10y oJnaiuence
a. .mo o u i;a,,s -, AZ .oai -
tote Of Jamas A Frazier was VIM Frazier
he vas ranorted 90 . Iiennr for the snm If
AZ 600 II Tn lime 1870 this sum had
Ioan assirned 70 and was held bv varions
cr cred t.,I nf VIM HI Frasier and thev ha'
came cornorators along with Mason and
others and of course. mon the sama
farms that is 10 saw thew Surrendered aS
S;scbaroed and satisfied their dehts and
iians and received Therefor Maid mn stocI
in the comnanv There was one Marty
howevor who fionres consnicnmsIv ~
these ca,sas who held q large lien on tho
nro oo and who WAS not maid off in
mopev ~ the comnanv and who did nnt
raca;ya stock for the amount dine him
This WAS Camnbell,s admr. He had lien
for M ore than 800 600 which was the f;rst
lien on the entire property, and was for