Court Opinion

ID: 9833313
Source: CourtListenerOpinion
Date Created: 2023-09-01 22:36:25.852761+00
Date Added: 2024-06-11T07:44:01.487104
License: Public Domain

Jn Motions for Rehearing.
In our original opinion we said:
“At the time the sale of the stock and bonds was made, and the property was turned over to West and Duff, on .September 30, 1912, the Beaumont & Great Northern Railway Company had on hand, deposited to its credit in banks, $7,868.29 in cash collected upon- accounts payable:’
West and Duff have filed their motion for rehearing, and complain of so much of the above statement as states that the cash in banks was “collected upon accounts payable.” If it was their intention to complain of the use of the words “accounts payable” being used instead of the proper words “accounts receivable,” their complaint is justified, and we here make the change suggested, as the word “payable” was inadvertently used for the word “receivable”; but if the complaint is, as it seems to be, that we erred in finding that the cash in banks was collected upon accounts, as were intended to be included in the words “accounts receivable,” we overrule the complaint.
[5] There is no merit in the contention of appellant that the money in banks may have been received from the sale of equipment, or from the sale of securities, made for the first time in his motion for rehearing filed in this court. In all the proceedings, so far as we are able to discover from the record, or the briefs of the parties to the suit, up to the time of filing appellant’s motion for rehearing, the money in banks was treated as collections from the operation of the railroad and not as the proceeds of the sale of property, and we at this late day decline to consider it in any other, light than that in which it has been treated throughout the entire proceedings.
Complaint is also made of what purports to be a copy of a paragraph of the original opinion, as follows:
“We think it further clearly appears from the contract between the parties as a whole that it was understood and agreed between them that all surplus due to the railroad company and such earnings of the same as might accumulate prior to the date the said stock and bonds were delivered to West and Duff were to be used in paying off and discharging all debts and incum-brances then existing against the railroad.”
The word “surplus” found in the purported copy is not to be found in the original. This word as inserted in the purported copy is substituted for the word “obligations” in the original.
Appellee has also filed his motion for rehearing, which we have examined, and which we have refused because we think it without merit. We see no reason to make any change in our original opinion except as above indicated. Both motions are refused.