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Important Land Casa.A case involving property to the atnonnt of between six and seven hundred thousand dollars, and which has been before the United States Circuit Court for some time, was deoided by Judge 8 wayne, last week. The im-monce amount of property in question, and some of the points involved, have given the case great interest, and the decision has h®en looked for with eagerness by the public, as well as the parties to the suit.The property consisted of lots in 8t. Louis amounting to nearly 800 acres whiefc had descended to the heirs of Major Amos Stoddard, who died in 1818. In 1887, the heirs made Henry Stoddard their agrtnt for the purpoee of perfecting the title to the land, which had been in litigation from the time it came into| their possession, they agreeing to give him, in addition to other foes, one-tenth interest ui'the land, for hi* services.— Darning bie agency several suits were decided, and about the year 1880 the title to the land was confirmed .to the 8toddard heirs by the Supreme Court of the United States. The hind w$a then valued by residents of St. Louis at from $1,200 to $1,500 per acre. Immediately after this decision Henry Stoddard and his von Asa, through the agency of ^Lsa, entered into negotiation with the other heirs, • who were all rekidmgother localities, at ndbsfcfarsble distances from St. Louis, for the pnrchase of the land, and finally ckned ,an Arrangement by paying the heiri, trf whom there were seven* ape tho«*nvd dollars sack for aboii* claims., In a few alter tilth,-sales5$6§S^b0‘ *i? tha amountFrom that lime to 1868 Henry and Asa 8tod(fard temmined in fall possession of the proceeds of the property. .•*.In April, 1863. the heirs from whom Asa had ma4s the purchase filed a bill in Chaocerjrin the United States Circuit Quart, complaining that he had obtained the property at far less, than stir value; that he hail misrepresented the fact* in relation to the value of the laud, and that Henry had. combined' with him in procuring the purchase, sad asking that the .sale should be.sat aside, and the property restored. The suit was derided last ww)c in favor of the plaiutffs. and Henry and A*a» Stoddard were re- ’ qaired to account to them for their interest at its market valoe, with interest from the time the. lota - were aeld ; by' them.. . '.. : ,*The decision, protects; the rights of many parsons defrauded of their proper-ty by mi« representation, and reefiirm* the. apcient doctrine of the courts,. Aha t fraud vitiates s coatraot, and avoids all transactions thereunder.1 'IKTrugto Story■hl:, • • ■:?-? -1
Newspaper Details
Huntington Indiana Herald
Huntington, Indiana, US
Wed, Nov 07, 1866
Page 1
Full Page
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UT, USA 22 Mar 2017
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