115 Iowa 139 | Iowa | 1901
The sole question is whether Louisa Stolte loaned her husband, Henry, $1,500, with which he purchased the 160 acres of land in controversy. If she did not, the lien should not have been established in her favor, superior to that of plaintiff’s judgments. The deed to the land, running to Henry, was acknowledged in Burén county, 111., September 24, 1894, and was delivered to him October 6th of the same year, at which time Henry paid $1,600 in cash, and executed a mortgage of $1,440 for the balance of the purchase price. That he then had means out of which to have made this cash payment, the records affords convincing proof. It was stipulated by the parties that February 1, 1893, he sold 80 acres' of land in Cedar county for $4,160, of which $1,220 was paid in cash, and seven notes, of $420 each, secured by mortgage on the land, payable a year apart, executed for the balance. The first note was paid February 4, 1894, and in August of that year the remaining six were sold to the Security Savings Bank of Cedar Rapids for $2,513.30. Of this Henry received $513.30 in cash September 3, 1894, and deposited the remaining $2,000 in the Bank of Ocheyedan. Subsequently, September 11th, the money was withdrawn from that bank, and its draft therefor presented to the First National Bank of Hartley. It paid Henry $1,000 in cash, and executed a certificate of deposit for $1,000. Of this, $500 was paid September 26th, $200' December 7th, and the balance January 3, 1895. A very reasonable explanation of the sale of these notes is that it was to procure money for the purchase of the land, and it will be noticed that, of the money deposited, $1,500 was withdrawn shortly before payment, and that he had received over $500 September 3d previous. Quite naturally we turn to the testimony of Henry Stolte, in order to learn what was done with this money. He moved to Hartley in January, 1893, and lived there until he took up his residence near Ocheyedan in the spring of 1894. According to his story, the price of the land in Cedar county was $4,000, instead