103 Mo. 212 | Mo. | 1890
The chief question presented by this record is the allowance made to the receiver and his counsel for services rendered in settling, collecting and winding up the affairs of the Provident Savings Bank, which had become insolvent, the cashier having absconded with the funds of the bank. The receiver was appointed provisionally, July 14, 1886, and gave, in response to the order of the court, a bond in the sum of $1,000,000. In the execution of his trust, he collected the sum of $979,249.06.
The exceptor herein, some months after the provisional appointment, and after the entry of the final order confirming such provisional appointment, purchased the claims of seven depositors in the insolvent bank, and upon this basis secured one allowance of about $1,000, on which he has been receiving his pro rata of dividends from time to time as made without objection.
On the twenty-fifth day of November, 1887, the receiver filed his final report, in the concluding portion of which he stated: “Your receiver further reports that no allowances have heretofore been made to the receiver for his compensation or for the compensation of his counsel in this proceeding ; that after deducting from said sum of $150,614.88 proper compensation as aforesaid and also the court costs in this proceeding, which have not yet been paid in full, and after deducting a further sum sufficient to insure the receiver against liability by reason of the intervening petition of EL Clay Sexton as aforesaid, the balance thereof can now be distributed to the creditors of, said bank as a third dividend.
“By reason of the fact that this court is familiar with the administration of this trust from the beginning to the end, and familiar with the character and quantity of the services rendered by the receiver- and his counsel» your receiver respectfully submits to the court to determine and fix an aggregate amount which shall cover the compensation for himself and for his counsel.
Thereupon, the court, with the view of calling the attention of the creditors to the matter, on the same day made the following order, to-wit: “And now at this day comes the receiver in this cause, William H. Thompson, Esq., and files and submits to the court his report and account to this date as such receiver, which being seen by the court it is ordered that the hearing and the consideration of said report and account be and the same now is set down for Saturday, December 3, next at ten o’clock A. m., in room number 1 of this court. And it appearing to the court that said receiver has not for himself nor for his counsel, Messrs. Boyle, Adams & McKeighan, charged any sum on account of or for the services of said receiver and of his said counsel in this cause, but has submitted said matter to the court, it is, therefore, now by the court also ordered that, upon the hearing of said account as aforesaid, all parties in interest in this cause may show cause why the said receiver and his said counsel may not be allowed together for all their services, joint and several, rendered in this cause including also the distribution of the sum or sums of money now in the hands of said receiver a commission equal to that allowed by the statute of this state fixing the commissions of executors and administrators. It is further ordered by the court that a certified copy of this order be published by the clerk of this court in the Missouri Republican at least five days before said third day of December next.”
The said order was duly published according to the requirement contained in it. The objector, out of all the five thousand creditors, alone appeared to contest
The last motion was overruled. The court then made the following order : After reciting the proof of the publication of the order of November 25, and also reciting the fact that Mr. Haeussler appeared and made objections to five certain items and to the allowance to the receiver and his counsel, the court proceeds. “ And thereupon said account and report of said receiver, except as to the five specific objections set down by said H. A. Haeussler as aforesaid and except as to the question of compensation to be allowed the receiver and his attorneys, Messrs. Boyle, Adams & McKeighan, is submitted to the court and said H- A. Haeussler consenting, and no other person appearing to object thereto, and the court having seen said account and being fully advised doth now order that said report and account as to each and all the items thereof except the five items aforesaid be and the same is now approved and allowed, and, thereupon, by consent of said receiver and of H. A. Haeussler, the said specific objection, and the question of compensation, to be allowed said receiver and his attorneys, Boyle, Adams & McKeighan, are reserved and continued for hearing at the next term of this court and ordered set down for hearing on December 10, 1887, at ten o’clock a. si., in room number 1 of this court. And said H. A. Haeussler presents to the court a bill of exceptions which is signed, sealed, filed and made a part of the record herein.”
Thereafterwards, and on December 10, the said Haeussler filed an amended objection confining his objections exclusively to the allowance of compensation
Afterwards, and on December 10, pursuant to the provisions of the order of December 3, as well as pursuant to Mr. Haeussler’s consent as shown in said order, the court took up the matter, and evidence was heard touching the reasonable value of the services of the receiver and his counsel. This testimony thus heard pro and con. was amply sufficient to sustain the allowance made by the court of $18,000 to the receiver for his services, and $15,000 for those of his counsel.
It is true there was testimony adduced which would have authorized the allowance of less amounts for the services rendered, but this fact does not at all countervail the correctness of the allowance made. The court on the hearing, and at the instance of the exceptor, abandoned the theory of an allowance on the basis of the compensation allowed by statute to executors and administrators, which had it been followed would have awarded to the receiver and his counsel nearly $49,000.
In some of onr sister states the analogy of the statute respecting compensation to executors and administrators is followed ; in other jurisdictions the matter is held to be wholly within the discretion of the court, while others accurately fix by statute the receiver’s compensation at a certain per centum of the amount of money passing through his hands. Beach on Receivers, sec. 758. The compensation allowed in the present instance is only about three and one-third per cent, of the assets administered. In cases of this sort, where the quantivm of the compensation allowed the receiver is questioned in an appellate court, great weight is
This point stands out with particular prominence in the case at bar; for when the hearing of this cause was in progress before the lower court, and it became apparent that the exceptor intended to take an appeal, counsel for the receiver contended that in that event it was important to have the entire record taken before the appellate court. To that end the receiver’s counsel offered in evidence the various petitions and the orders that were made on said petitions, the reports that had been made by the receiver showing his action, and the various orders that were made by the court below upon such reports from the beginning to the end. The receiver’s counsel also offered the files and documents that had been made in the case.
To such evidence exceptor objected, as he said at the trial that it would make him too much cost in getting up the transcript for an appeal.
The court then asked him if he conceded that in passing on the question of the allowance the court was entitled to look at every paper and the whole record of the case. Exceptor said: “Of course, the court can look at every paper in the case.” The court said : “I think the objection is well taken, for when you make that objection I understand you concede that the court has a right to look at all the papers in the case.” Mr. Haeussler said: “Yes, I do.” Thereupon the court sustained Mr. Haeussler’s objection to such testimony.
It is quite obvious that in absence of such important evidence, evidence showing the whole amount of labor done, evidence to which the lower court had full access, evidence of which we are deprived, that it will be impossible for this court to determine with any degree of
Besides, in this case, the receiver’s counsel offered competent evidence to prove the fact in dispute, to-wit, the receiver’s compensation; but on the exceptor’s objection this evidence was excluded. T¿is having occurred, and the excluded evidence thereby failing to form a part of that preserved in the record, the exceptor is plainly estopped from contending that the receiver failed to prove the facts rejected at his own instance. Bigelow on Estop. [5 Ed.] 720.
There was no error in the lower court requiring the exceptor to introduce their evidence first, in order that it might be determined whether the compensation allowed the receiver and his counsel should equal that of an executor or an administrator.
The mere order of the introduction of testimony has never been held ground of reversible error, at least unless some apparent injury results to the objecting party, and this is especially true in equity cases, where the whole matter is heard and determined by the court.
Aside from this, it has never been the practice, so far as our observations extend, to require itemized accounts for the services of attorneys in partition and other like cases, and no reason is perceived why a different rule should prevail in instances like the present. No error occurred in this item.
But it is urged that the circuit court had no power to appoint a receiver. This objection, also, is without merit, even technically speaking, and is readily answered.
I. It is a collateral attack on a valid judgment, to-wit, the appointment of the receiver, a judgment from which an appeal could have been taken and the matter righted, or the matter could have been reached and vacated by motion. This is shown by the authority cited by counsel for the receiver.
II. But the circuit court, independent of section 2193, Revised Statutes, 1889, had the authority to appoint a receiver in vacation and to subsequently confirm that provisional appointment by an order made on the assembling of court. The section referred to does not shorten the arm of a court of equity in this particular since no words of preclusion are used in that section. Cox v. Volkert, 86 Mo. 511.
III. The exceptor having accepted the dividends made from time to time from the hands of the receiver, and having thus recognized the validity of his appointment during all that time, cannot now change front and deny the validity of that appointment. He is clearly estopped from so doing. Bigelow on Estop. [5 Ed.] 687.
We affirm the judgment.