The Columbia herald. [volume] (Columbia, Tenn.) 18??-1935, 1899-06-09
ANOTHER PHOSPHATE SUIT
Bill Eiled In Chancery Against ". G..
Satterfleld and Others.
w. j. Jacobs Seeks to Recover u Half In
terest In the Land Sold to
Carpenter, ct nj,

Something of sensation was
sprung this week in connection with
the already famous Satterfleld phOs-
phate farm at Carriers Creek, by the
filing Of a bill In Chancery Court by
w. j. Jacobs, against w. G.. Satter-
field and John and j. h. II. Carpen-
ter and w. V. Wilson. A few weeks
ago, it will be remembered, Satter-
field sold the above mentioned farm
to the latter named parties for $25 900.
The bill states that on Sept. a. 1893,
A. w. Potter sold to w. G. Satter-
field and w. j. Jacobs a tract of land
near Carter's Creek. containing 2l7
acres, for $ll 900, and that Satterfield
and Jacobs executed notes for the
payment of same, each party agree
ing to pay one-half. Complainant
states that he was the adopted child
of the w. J. Jacobs referred to above,
and that as such adopted child be-
came entitled by inheritance and by
virtue of said adoption to the entire
estate of said w. j. Jacobs. w. j.
Jacobs, ST., died about May 8, 1894
and r. d. Lochridge was appointed
administrator of the estate and T. d.
Simmons, guardian for w. J. ia
cobs, Jr.
On May %, 1896, Lochridge and
Simmons filed bill in Chancery
Court, alleging that note of $4,000
had been paid Potter, in part pay
ment for the land, but that w. j.
Jacobs, ST., had paid most of this
sum and moe than $4,000 in excess
of his share; and prayed that some
! disposition be made of the land so
that w. J. Jacobs. Jr., might recover
the amount due him. In compliance
with the prayer of this bill, decree
was rendered, directing that the
land be sold to the highest bidder at
public auction. Under this decree
the land was sold and was bid off by
w. G. Satterfield for $1,000, but the
Chancellor refused to confirm the
sale, as he thought the land was
worth more than the price bid for it,
and it was ordered that advance
bids be received.
Complainant states that several
parties, among them r. l.. Arm
strong and n. Holman (the other
names are not mentioned in the bill)
desired to raise the bid on the land
but that Satterfield suppressed sue h
a raise by illegally and immOrally
paying these parties a certain sum
of money. No advance bids being
received, the sale was then con-
firmed to Satterfield at $1,000. The
bill further states that, by reason of
these facts, all Chancery proceed
ings after said decree ordering the
sale of the land, are utterly null and
void, and complainant prays that
the decree confirming said sale be
set aside, and that he be restored to
the possession of his one half interest
IN the land; that if for any reason he
cannOtrecOver said land from Messrs
Carpenter and Wilson, to whom the
land was sold by Satterfield, that he
be allowed to recover one half of the
present value of the land from Sat
terrified.
w. B. Greenlaw and G. II. Hughe:
are solicitors for complainant.
Cross-Bill Filed.
Messrs. J. E. r. Carpenter and w
V. Wilson, through their attorney
w. J. Webster, filed a cross-bill tt
the above bill, stating that com
plainapts had bought the tract o
land described above for $25 900, pay
ing SO, 1888 33 in cash and executing
notes for the balance. When they
bought the land they acted on lega
advice that the title was perfect, an(
they were purchasers in good faith
They know nothing of the truth o
falsity of the allegations made b,
Jacobs in his bill, but, as the bill
contains serious charges of fraud
they do not deem it prudent to al
low defendant Satterf1eld to keep th'
cash and notes in his possession dur
ing progress of this suit, and there
upon ask for injunction and attach
ment, impoundIng the funds on de
post to Satterfield's credit in tb
bank. Thereupon Circuit Judg
Holding ordered that attachhen
writs be issued, enioining Satterfiel'
and the bank as prayed for in com
r. Dlainana'S bill