Court Opinion

ID: 6617080
Source: CourtListenerOpinion
Date Created: 2022-07-20 20:24:21.73283+00
Date Added: 2024-06-11T15:58:34.427412
License: Public Domain

Smith, P. J.
— Augustine was the defaulting treasurer of Andrew county. The plaintiffs and the defendant were the sureties on his county bond. By a proper instrument in writing he transferred to defendant and David Newburn certain personal property in trust to secure the sureties on both his county and school bonds •against their liability thereon. It was provided in the instrument that “said David Newburn and A. J. Sutton 'to take immediate possession of all of said property, and proceed, with all convenient speed, to sell the same for the best price and on the most advantageous terms that-■can be obtained therefor, and hold and apply the pro-needs thereof in the manner following, to-wit: Said Newburn and Sutton shall keep a strict itemized account of all of the expenses incurred in and about the execution of said trust, which shall first be paid, from the proceeds of the sale of said property. Next, said Newburn and Sutton shall be allowed and paid from the proceeds of said property, as full compensation of .all services by them rendered in and about said trust, the sum of $25, and, after the amount of said •charges and expenses shall have been fully paid, the *351remaining amount of said proceeds shall be safely kept and held by said Newbnrn and Sutton until such time as tbe liability of tbe sureties on tbe bond of John Augustine, as treasurer of Andrew county, Missouri, and also tbe liability of tbe sureties on tbe bond of said Jobn Augustine, as school treasurer of said county, •shall be fully and finally fixed and determined, at which time said Newburn and Sutton shall apply tbe proceeds ■of - said property remaining in their bands after tbe payment of expenses and services as hereinbefore provided to tbe payment of said liabilities in tbe following proportions, to-wit: Upon tbe liability'established on each of said bonds for loss thereon, there shall be paid ■of tbe money in said Newburn’s and Sutton’s bands such a part of tbe whole sum in bis bands as tbe liability on each bond shall be a part of tbe aggregate liability fixed and established on both of said bonds.”
Tbe trustees sold tbe property, and realized therefrom tbe gross sum of $1,899. Subsequently a controversy sprang up as to bow tbe net proceeds of tbe sale :should be apportioned between tbe two clases of sureties. This resulted in a settlement being made between them. It is conceded both by tbe pleadings and in tbe •evidence that such settlement was made, but there was a partial disagreement as to its terms. It is not disputed that defendant was to represent tbe sureties on tbe county bond, of whom be was one, and that tbe other trustee was to represent tbe sureties on tbe school bond, of whom be was one. Nor is it disputed that defendant bad in bis bands, by an arrangement with tbe other trustee, all tbe proceeds of tbe sale except a few •dollars.
It is admitted all around, that, under tbe terms of settlement, tbe sureties on tbe school bond were to have $1,400 of tbe amount in tbe bands of tbe trustees, and that defendant paid over that amount accordingly. *352The plaintiffs contend that by the settlement the defendant trustee, having in his hands the funds of the trust, was to pay to the sureties on the county bond $300, and for the recovery of this amount the suit was brought against defendant.
The defendant’s contention, on the other hand, is,, that by the terms of the settlement the sureties on the county bond were to have, after the payment of the $1,400 to the sureties on the school bond, “the balance of the amount realized from the sale of the property, after deducting the charges and expenses for managing, of the same, should be paid to the sureties bn the county bond.”
The uncontradicted evidence shows that Mr.. Ensor was the attorney of the sureties on the school bond, in making the settlement, and that the defendant was guided largely by his direction as such attorney in making application of the trust fund under the settlement. It appears from the undisputed testimony of the defendant, that he paid out for expenses in executing trust, and by the direction of Mr. Ensor, various amounts, which, with the $1,400 paid the school bond sureties, aggregated the sum of $1,795.65, leaving a balance in his hands of $93.35, which he claims as commission. This he was not entitled to claim, as the instrument which clothed him with his trust powers limited the entire compensation of the trustees to $25. As the jury found for the plaintiffs only the sum of $187, it is obvious that they rejected the plaintiffs’ theory of the case, or else they would have found for the entire amount they claimed under the settlement. It is equally clear that the jury must have accepted the defendant’s theory of the case, and that there was in the defendant’s hands, remaining unapplied, the amount. *353they found. The evidence does not fully sustain the verdict. It should have "been only for the amount in the defendant’s hands unapplied.
We have examined the instructions on both sides, and perceive no harmful error in the action of the court either in the giving or refusing of the same. Because of the error in the finding of the jury, we will reverse the judgment and remand the cause, unless the plaintiffs will, in ten days hence, file a remittitur in the sum of $87.60, leaving the judgment to stand for $99.40, only, in which case it will be affirmed. The defendant will recover his costs of appeal.
All concur.'