40 Neb. 130 | Neb. | 1894
This action was commenced by defendants in error in the county court of Dawson county, Nebraska, where they filed the following petition:
“The plaintiffs complain of the defendant and allege that they are partners doing business under the firm name of Ervin & Hammond, and are engaged in the sale of real estate and other property on commission in Dawson county, Nebraska; that on the 10th day of May, 1890, the defendant, being the owner of certain shares of stock in the Dawson County National Bank, a corporation organized and existing under the laws of the United States, applied to the plaintiffs to find a buyer or purchaser therefor, and then and there agreed to give the plaintiffs, as commission therefor, the amount in excess of the face or par value of said stock, for which the same was sold to the purchaser furnished by them; that pursuant to said agreement the plaintiffs furnished purchasers for said stock, and on or about June 1, 1890, the same was sold to them; that the face value of said stock was the sum of twenty-six thousand dollars ($26,000); that the purchase price of said stock, and the amount for which the same was sold, was the sum of twenty-six thousand dollars ($26,000) cash, and the defendant, in addition thereto, to retain and reserve three (3) per cent of. said twenty-six thousand dollars ($26,000), amounting to the sum of seven hundred eighty dollars ($780) of the assets of said corporation; that said defendant took and received for said stock from the purchasers as aforesaid said sum of twenty-six thousand dol
To this petition the plaintiff in error, defendant in the courts below, filed an answer, admitting the partnership of Ervin & Hammond, also admitting that on or about May 10, 1890, he was owner of certain shares of stock in the Dawson County National Bank, and denying each and every other allegation or statement of the petition.
A trial was had of the issues thus presented in the county court, and an appeal taken by the party defeated there to the district court, where no new pleadings were filed, but by agreement of the parties the case was tried to the judge presiding and a jury, on the pleadings filed in the county court. The trial in the district court resulted in a verdict for Ervin & Hammond. Blakeslee filed a motion for a new trial, which was overruled, and judgment rendered on the verdict for Ervin & Hammond. The case is brought here by Blakeslee by petition in error.
The first of the assignments of error urged is that the judgment is not sustained by sufficient evidence. The evidence, we,conelude, after a careful examination of it, discloses that Mr. Blakleslee was, on or about May 10, 1890, the owner of, or could control, 260 shares of the stock of the Dawson County National Bank, of the face value of $26,000, or $100 per share, and desired to sell the same; that probably Mr. Leflang, who subsequently purchased it, and who then was understood to have in contemplation the establishment of another bank in Lexington, Dawson county, Nebraska, was approached by Mr.
This brings us to another branch of the case, viz., whether the stock was sold for more than its face value, $26,000. The evidence was to the effect that there was a $780 dividend earned, or very nearly so, at the time Mr. Leflang bought the stock, and all parties agree that Mr. Blakeslee was to, and did, receive for the stock $26,000, and according to the terms of the sale was to, and did, receive the further sum of $780, the dividend.
There is testimony that he received credit on his account at the bank for this sum before the completion of the sale of the stock, but it is very clear that the dividend was not regularly made or declared until several days subsequent to the time of the transfer of the stock to Leflang, and that Blakeslee was to have this dividend entered into, and it was a constituent element and moving and active part of, the consideration of the contract of sale and purchase between Mr. Blakeslee and Leflang; and if so, then it was this much given for the stock in excess of its face or par value, as clearly as if the like sum had been paid from Leflang to Blakeslee in money, check, draft, or property, or in any manner which served to increase the amount of consideration for the stock to more than its face value.
The only other error assigned is that the court below erred in giving the fourth paragraph of the instructions given on its own motion. This instruction is as follows: “ You can find a sum less than the amount claimed if there is evidence to warrant it, but the suit is on a special contract of three per cent of $26,000, and I submit to your careful consideration whether there is evidence to find any other sum than three per cent claimed.” This instruction, standing alone, is not as definite or clear as it might or probably should have been, and may be somewhat ob
Affirmed.