Court Opinion

ID: 8012867
Source: CourtListenerOpinion
Date Created: 2022-09-09 02:00:17.276466+00
Date Added: 2024-06-11T16:35:27.572122
License: Public Domain

Williams, J.
This is an appeal by plaintiff; from an order of the circuit court of Jackson county setting aside a verdict in his favor for $5,000, and granting defendant a new trial. Plaintiff is administrator de bonis non of the estate of James Cargill deceased.
The defendant is a corporation duly organized under the laws of this State with a capital stock of $15,000.
It is alleged by plaintiff that his intestate, at the time of his death, was the owner of and entitled to fifty shares of said stock of the value of $5,000; that, although often requested so to do, defendant had failed and refused to transfer said stock to plaintiff as such administrator or to his predecessor; that defendant, through its officers and agents, had refused to recognize the rights of the representatives of said estate, and “had converted to its own use all the interest of the estate in and to the defendant corporation.” Judgment is asked for $5,000, which is alleged to be the value of the stock.
The defendant’s answer admitted its incorporation, and denied the other allegations of the petition.
Plaintiff introduced evidence tending to prove that Cargill was the owner of fifty shares of stock in defendant corporation; that plaintiff had demanded- that a certificate for same be issued and the stock transferred to him as administrator de bonis non and that this was refused by the officers of the company. It was further shown by plaintiff that Fred C. Hey was former administator of the estate and that he made two statements or reports to the probate court. The first was filed at the August term, 1892, in which he stated that he had received no money belonging to the estate and had paid out none. The second was presented one year *513later. He then reported that no property, money or effects of the estate had come to his hands, and he had paid nothing, and asked that said statement be accepted in lieu of a settlement. Both of these reports were sworn to by Hey. When the latter was filed in August, 1893, the probate court made an order that said statement be received in lieu of his “annual” settlement, and that it be approved and spread upon the records. It was also ordered that, as there was no estate, said Hey be discharged from further duties of administration and the costs be remitted. No notice was given by .publication of the intention to make this report, and nothing in the nature of a final settlement was made except as above stated. Defendant, upon its part introduced Hey, the first administrator, as a witness. His testimony tended to show that he received from the corporation, while he was in charge of the estate, a certificate for the fifty shares of stock. This certificate had an indorsement upon it as follows: “These shares are subject to a lien in favor of this company for the indebtedness due from James Cargill amounting to $1,436.24 as shown by its books.” He testified that he never received any money for the estate and he did not know whether the certificate was lost or not. He possibly might find it. His receipt for a certificate of fifty shares of stock, issued to James Cargill, April 6, 1891, was introduced, dated January, 7, 1892. Testimony was presented to the effect that defendant “always recognized the estate of Cargill as the owner and holder of fifty shares of the capital stock, subject to the by-laws of the corporation.” It was claimed by defendant that its officers only declined to issue a new certificate to plaintiff until the one delivered to Hey should be returned or canceled. There were some state*514ments made and an offer contained in some of the correspondence, that plaintiff would' return the old certificate, but it was never done.
Plaintiff objected to the introduction of any evidence showing the delivery of the certificate to Hey, claiming that his settlement in the probate court until set aside in equity, conclusively established the fact that the stock was not received by him. This objection was overruled. It is also urged that Hey was not authorized to accept the stock certificate with the indorsement above mentioned upon it.
The court submitted the case to the jury upon instructions declaring, in effect, that if the certificate of stock was delivered to Hey, and, after he ceased to be administrator, plaintiff, as his successor, offered to return it to defendant, and demanded that a new one be issued to him as administrator de bonis non and that defendant refused to do so, plaintiff was entitled to recover; but, upon the contrary, if such certificate was still in possession of Hey, and had never been tendered to defendant, the finding should be in its favor; and a mere offer by letter to deliver it, if the certificate was not under control of plaintiff, was not sufficient.
The jury returned a verdict for plaintiff for $5,000.
The court granted defendant’s motion for a new trial, on the ground that the verdict was not sustained by the evidence, and was contrary to the instructions of the. court.
I. It is manifest that the order of the circuit court granting a new trial must be affirmed. It was not only within the power of that court, but was its plain duty, to set aside the verdict, if satisfied that such verdict was not sustained by the evidence. The appellate courts will not review the evidence and pass upon its weight in suits at law. That is peculiarly within the province of the trial courts. It was clearly within *515the discretion of the court below to grant a new trial upon that ground; and this court will not interfere in such cases, “unless it plainly appears that injustice has been done or the discretion has been unsoundly or arbitrarily exercised.” We find nothing here upon which to base such a complaint. Parker v. Cassingham, 130 Mo. 348; Thompson v. Railroad, 140 Mo. 144; Bank v. Wood, 124 Mo. 72.
II. Appellant further contends that the so-called final settlement of Hey, the former administrator, conclusively established the fact that the certificate of stock was never delivered to him, and precludes the introduction of any testimony to the contrary in this case. We can not concur in this view. In the first place, no notice was given of the intention to make final settlement as required by statute. 1 R. 8. 1889, sec. 231. Such a settlement without the statutory publication would not have the force and effect of a judgment. State ex rel. v. Donegan, 83 Mo. 374; s. c., 12 Mo. App. 190; Brashears v. Hicklin, 54 Mo. 102. Then, too, this suit is not against the former administrator or his bondsmen for failure to properly account for the stock. The issues raised are not between him, upon the one side, and the heirs of the deceased or creditors of the estate, upon the other, and the correctness of his accounts is not involved in the matter to be tried here. A debtor, making payment to an administrator, is not required to see that the latter properly reports such money , in his settlements with the probate court. If it is not charged to the administrator and final settlement is made, this will not preclude such debtor from subsequently showing that he had properly discharged his indebtedness to the estate. So if one delivers property belonging to the deceased to his administrator, the final settlement, in which there is a failure to account for such property, will not prevent *516such person from proving the delivery in a subsequent suit against him therefor. He stands in a very different relation to the settlement from an heir or creditor, who must appear and see that the proper charges are made and' only correct credits allowed. Such settlement as to him is res inter alios acta and so must the proceedings by Hey in the probate court be regarded, in the present suit, with respect to this defendant.
IV. It is also insisted that the former administrator had no authority to accept the certificate of stock with an indorsement thereon concerning the indebtedness of the deceased to the corporation. It is said that this amounted to a compromise of the claims or rights of the estate against the corporation, which could only be made with the approval of the probate court. Hey had the right to receive the certificate of stock. • The testimony tends to show that this was in due form and made out in the regular manner. If the defendant corporation had no power to make the indorsement upon it and Hey was not authorized to agree to it, such indorsement would amount to nothing and the certificate would stand as if it had not been made.
The action of the circuit court in awarding a new trial is affirmed.
Brace, P. J., and Robinson and Marshall, JJ., concur 1