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then summoned the assignee as trustee of the assignor. The rights of the parties in this trustee process must be determined by the conditions as they existed at the time of the service of the writ, February 9, 1900. Pleasant Hill Cemetery v. Davis, supra.

permitted his attorneys, who were acting also did nothing, however, for four months, and for the assignor, to attend chiefly to the details of the business; that no effort was made to secure the assent of the creditors to the assignment, but, instead, a compromise settlement was solicited; that some of the money received from the property was turned back to Mrs. Dyer; and that the attor neys were allowed by the assignee too liberal compensation for their services.

The plaintiffs did not assent to the assignment, and therefore the defendant owed no contractual duty to them as such assignee.

If, prior to the service of their writ upon him, he had discharged himself of the trust by delivering back to the debtor in good faith the property received, or by paying the proceeds thereof to her bona fide creditors in settlement of their just demands, then the plaintiffs would have no legal cause to complain of his acts. Thomas v. Goodwin & Trustees, 12 Mass. 140.

This position of the plaintiffs that the record here shows that the assignment was made with a fraudulent intent is untenable, we think. The situation and conduct of the assignor at the time it was made, and the provisions of the assignment itself, refute and disprove it. Mrs. Dyer was insolvent, creditors were attaching, she could not pay them, and in this extremity she placed all of her property in the hands of a trustee for An examination of the disclosure and oththe benefit of all of her creditors without fa- er evidence in the record shows that prior vor or preference, reserving nothing for her- to February 9, 1900, the date of plaintiffs' self, even for her immediate necessities. Her attachment, the defendant had paid from the act did not put the property beyond the reach | $3,780 received from the property that Minof her creditors. It was still subject to at- nie A. Dyer assigned to him by her orders tachment by trustee process in the hands of to her bona fide creditors and to herself $3,the assignee by any nonassenting creditor, 381.51, leaving an actual cash balance in his who would by such attachment reach all of hands of $398.49. But there had been a prior such property then held by the trustee, and trustee process served upon him in favor not needed to satisfy the debts of any previ- of Swift et al., creditors of the assignor, in ously assenting creditors. which prior proceedings he was finally adjudged trustee for $215.83, and which judgment was afterward paid by him from the $398.49, leaving but $182.66 attachable in his hands February 9, 1900.

Neither do we perceive in the subsequent conduct of the parties, as suggested by the plaintiffs, any substantial proof of an original fraudulent intent, or actuating motive, to hinder, delay, or defraud creditors. The assignee had a right to employ others to assist him in the execution of the trust, for whose acts, however, he became in law fully responsible. If the creditors were seasonably notified of the assignment, and had an opportunity to assent thereto, and it appears that the plaintiffs were so notified, then no special duty rested on either the assignor or assignee to secure such assent.

It is unnecessary to consider here the fact that after the service of the plaintiffs' attachment the defendant also paid $420 to S. W. Thaxter & Co., previous attaching creditors, because the defendant now admits that he must personally lose the benefit of that payment; the same having been made without the statutory demand upon execution necessary to fix his liability therefor as against a subsequent attaching creditor.

The plaintiffs suggest that it does not sufficiently appear that the defendant's liability, as trustee in the suit of Swift et al., was legally fixed so as to afford him the benefit of that payment.

From the whole disclosure, and all the evidence in the record, we think it does ap

An intent to defraud creditors, especially such creditors as have not assented to the provisions of a common-law assignment for their benefit, is not to be inferred, we think, from successful efforts to compromise the creditors' claims after such assignment is made. We find, therefore, nothing in the assign-pear that the payment to Swift et al. was ment itself or in the situation or conduct of the parties thereto to justify the plaintiffs' claim that the assignment was fraudulent and void as to the assignor's creditors.

made because the defendant was legally required so to do. The plaintiffs do not deny this in their allegations.

It appears that he paid it after a contest and hearing in court.

In answer to a question whether that payment was made "to protect you from liability," he answered "Yes."

When notified of the assignment, the plaintiffs might have assented thereto, and secured a pro rata part of the property with other assenting creditors, or they might have attacked the assignment through bankruptcy proceedings against the assignor, or, lastly, they might have attached by trustee process the property in the hands of the assignee, and thereby secured so much thereof as would not be needed to satisfy the debts of An assignee, accepting such an assign

Again, the plaintiffs contend that the defendant is chargeable for the amounts paid back to Mrs. Dyer. This contention would prevail if the plaintiffs had become parties to the assignment.

creditors to administer the trust according | exceptions are taken to the ruling and decito its provisions. But, as to nonassenting sion of a single justice as to the liability of creditors, he owes no such duty. They can- a trustee, the whole case may be re-examinnot legally complain if he gives up the trusted and determined by the law court, and and returns the property to the assignor, remanded for further disclosure or other prounless he does it with the intent and pur- ceedings, as justice requires." This statute pose thereby to defraud such nonassenting applies alike to scire facias and original procreditors. The plaintiffs here did not be- ceedings in trustee process. Brainard v. come parties to this assignment. They are Shannon, 60 Me. 342, was an action of scire not in a position to complain because the as- facias. Under the exceptions this court has signee prior to their attachment permitted authority, we think, to correct any error in Mrs. Dyer to use some of the property as- the judgment below whether of law or of signed to him, unless that was done by him fact. to defraud them. The record does not disclose any such intent to defraud. Mrs. Dyer turned over to the assignee all of her property not attachable. She was without any means of support. Domestic difficulties resulted in divorce proceedings by her against her husband. The assignee permitted her to have from time to time for her support and expenses money from the property she had turned over to him, amounting in all to $550. We do not think he is chargeable for that sum in this subsequent trustee process by nonassenting creditors.

Still again the plaintiffs contend that the counsel fees paid by the assignee should not be considered a proper disbursement. This contention is not maintainable. The assignee had a right to employ the services of counsel. The property was attached before it was assigned. Other suits were brought in which the assignee was summoned as trustee. The husband's rights in the property were an incumbrance upon it, to be removed in some way.

It therefore does not appear unreasonable that defendant did employ counsel. The assignment provided for the payment of necessary counsel fees. It appears that the counsel employed performed substantially all the detailed business connected with the

settlement of the affairs, looked after all the litigation which has followed, and that the assignee charged nothing for his services. In view of all this, it cannot be said that the amount paid for these services is excessive, or that its payment by the assignee indicates an intent to defraud the plaintiffs.

Lastly, the plaintiffs question the authority of this court, under the exceptions, to pass upon the correctness of the judgment below because the bill of exceptions, does not indicate whether the decision was erroneous in fact or in law.

Our conclusion is that the defendant has shown by his disclosure that prior to February 9, 1900, the date of the service upon him of the plaintiffs' original trustee writ, he had lawfully discharged himself of all the property received by him from Minnie A. Dyer except the sum of $182.66, and for that sum only the plaintiffs should have judgment.

Accordingly the entry should be:
Exceptions sustained.

Judgment for plaintiffs for $182.66.

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Cent. Dig. § 935; Dec. Dig. § 319.*]
[Ed. Note.-For other cases, see Execution,
3. EXECUTION (§ 319*) SALE
DEBTOR.

NOTICE TO

A recital by an officer in such deed that he "sent a notice (to the judgment debtor) by mail" the postage as required by the statute. fairly and sufficiently imports that he prepaid Rev. St. c. 78, § 33.

[Ed. Note. For other cases, see Execution, Cent. Dig. § 935; Dec. Dig. § 319.*] (Official.)

Report from Supreme Judicial Court, Sagadahoc County.

Action by Herbert W. Cutting and others against James H. Harrington. Case reported, and judgment for plaintiffs.

The exceptions in the case at bar provide that the "writ, evidence, including admissions made at said hearing and decree of the presiding justice, are to be annexed here Real action to recover a certain lot or parto and made a part of the bill of exceptions," cel of land at "Rising Sun or Log Landing," thus indicating that the whole case was to in the town of Phippsburg. Plea, the genbe considered by the law court. But the ex-eral issue, with brief statement that the deceptions need not specify the extent to which fendant "claims title to two undivided third the law court may examine the case. Chap- parts of said demanded premises and no ter 88, § 79, Rev. St., provides: "Whenever more."

This action came on for trial at the December term, 1906, Supreme Judicial Court, Sagadahoc county, at which time the facts were agreed upon, and then, by agreement of the parties, the case was reported to the law court for that court to render such judgment as the law and the evidence required.

In 1874 one Thomas M. Reed was seised of the demanded premises and remained seised of the same until his death, and then, under his will, admitted to probate in 1882, the title to the same passed to his three nephews, Franklin Reed, Edwin Reed, and Andrew F. Reed, in equal shares.

On September 2, 1897, the Bath National Bank recovered a judgment against said Franklin Reed, then and thereafterwards a resident of Boston, Mass., in the Supreme Judicial Court, Sagadahoc county, for the sum of $2,366.97, debt and costs, and on September 27, 1897, it seized upon the execution issued thereon all the right, title, and interest which the said Franklin Reed had on November 24, 1894, the date when the same was attached on the original writ in and to certain parcels of real estate in Sagadahoc county, among them being the demanded premises, and on October 30, 1897, the right, title, and interest of the said Franklin Reed in and to the demanded premises was sold at sheriff's sale upon said execution and bid in by the said Bath National Bank, a deed thereof be ing executed and delivered by the sheriff to said Bath National Bank October 30, 1897.

On August 25, 1898, the said Bath National Bank recovered a judgment in the said Supreme Judicial Court against said Andrew F. Reed, then and thereafterwards a resident of Boston, Mass., for the sum of $2,529.53, debt and costs, and on September 22, 1898, it seized upon the execution issued thereon all the right, title, and interest .which the said Andrew F. Reed had on September 13, 1895, the date when the same was attached on the original writ in and to certain parcels of real estate in Sagadahoc county, among them being the said demanded premises, and on October 31, 1898, the right, title, and interest of the said Andrew F. Reed in and to the demanded premises was sold at sheriff's sale upon said execution and bid in by the said Bath National Bank, a deed thereof being executed and delivered by the sheriff to said Bath National Bank October 31, 1898.

The defendant's title to the two undivided thirds of the demanded premises depended upon the validity of the two aforesaid execution sales; the plaintiff contending that there was not sufficient legal evidence that the sheriff gave to the judgment debtors the personal notices of the sales provided by statute.

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The sheriff's deed of the demanded premises sold on the execution against the said Franklin Reed, so far as the same relates to the personal notice of sale given to the said Franklin Reed, contains a recital, as follows: "And whereas, on the twenty-seventh day of September, A. D. 1897, I sent to the said Franklin Reed a written notice by mail that on the thirtieth day of October, A. D. 1897, at 10 o'clock in the forenoon, at the sheriff's office in the city of Bath, in the said county of Sagadahoc, said right, title, and interest of the said Franklin in and to the real estate aforesaid would be sold at public auction, said notice having been given at least thirty days before said time appointed for the sale." The sheriff's deed of the demanded premises sold on the execution against the said Andrew F. Reed also contains a similar recital differing only in the necessary change in name and dates.

Rev. St. c. 78, § 33, prescribing the notices to be given by the officer when real estate has been seized on execution and is to be sold at public auction, reads as follows: "The officer in such case shall give written notice of the time and place of sale, to the debtor in person, or by leaving the same at his last and usual place of abode, if known to be an inhabitant of the state, and cause it to be posted in a public place in the town where the land lies, and in two adjoining towns, if so many adjoin; and if the land is situated in two or more towns, then in each of those towns, and in two towns adjoining each of them; and if the land is in two or more counties, an officer in either county may sell the whole right. When the land is not within any town, the notice shall be posted in two public places of the shire town of the county in which the land lies, instead of the posting aforesaid. When the debtor is not a resident of such county, the personal notice may be forwarded to him by mail, postage paid; all to be done thirty days before the day of sale. The notice shall also be published for three weeks successively before the day of sale, in a newspaper printed in whole or in part in such county, if any, otherwise in the state paper."

The case is stated in the opinion.

Argued before EMERY, C. J., and WHITEHOUSE, SAVAGE, SPEAR, CORNISH, and KING, JJ.

Staples & Glidden, for plaintiffs. George E. Hughes, for defendant.

The sheriff's return of sale on the execution against said Franklin Reed, so far as the same relates to the personal notice given to said Franklin Reed, is as follows: "And on the same 27th day of September, A. D. 1897, being more than thirty days before the time appointed for the sale hereafter men

EMERY, C. J. Real action on report.

of the demanded land which the defendant cided preponderance of the authorities mainclaims under levy of execution. The judg- tains this proposition: That the statutes rement and the execution are admitted to be quiring notice of the sale to be given are valid. The levy was by sale of the land un- directory merely, and that the failure to der what is now Rev. St. c. 78, § 32 et seq. give such notice cannot avoid the sale against The only objection urged against the validity any purchaser not himself in fault. This of the sale and its efficacy to pass the title rule has been applied in cases where the to the purchaser is that there is not sufficient purchaser was aware of the deficiency of the legal evidence that the officer gave to the notice, and seems applicable in all cases in judgment debtor the notice of sale provided which the absence of the notice was not ocby the statute. casioned by some fraud or collusion of which the purchaser had notice, or in which he participated." The theory seems to be that, while the officer is responsible to any party harmed by the absence or insufficiency of the prescribed notice of sale, the sale itself cannot be collaterally avoided thereby. Section 339. The purchaser at an execution public sale or his grantee is not in the same relation to the judgment debtor as is the judgment creditor taking the debtor's land direct to himself by extent. Their titles are different in origin and nature. The purchaser may have the benefit of reasonable inferences and presumptions in reading the officer's recitals of his doings without conflicting with the strict rule in cases of levy by extent. Section 339 of Freeman on Executions. Thus in Wood v. Morehouse, 45 N. Y. 368, where one question was whether the officer had given the proper notice of an execution sale, the court held that, in the absence of evidence to the contrary, it was to be presumed, under the maxim "Omnia præsumuntur rite esse acta," that the officer gave the proper notice. Other cases to the same effect are cited by Freeman in the section 339 above cited.

The plaintiffs claim that the only competent evidence of such notice is the return of the officer upon the execution, which return in this case may be conceded, arguendo at least, not to show sufficient notice. But, as was said by this court in Caldwell v. Blake, 69 Me. 458, at page 470: "Where an extent is made upon lands, the return of the officer must be seasonably made and recorded. Not so where property is sold upon execution. The statute does not require it, and the decisions are that 'the purchaser's title is not dependent on the performance of this duty by the officer. The purchaser has no control over the officer, and is not prejudiced by a deficient or incorrect return, nor by the entire absence of any return whatever.'" The giving the notice of sale, and how given, may be proved, prima facie at least, by the officer's recitals in his official deed to the purchaser. Wigmore on Evidence, § 1664.

In his official deed in this case the officer recited that he "sent to the [judgment debtor, naming him] a written notice by mail" of the time and place of sale; the debtor not being a resident of the county in which the land lay. The statute (section 33) provided that in such case the notice might be "forwarded to him (the debtor) by mail, postage paid." The plaintiffs contend that, even if the recitals are evidence, the omission of the words "postage paid" from the recital is fatal, and that because of that omission the purchaser acquired no title.

In cases of levy upon land by extent (where, instead of being sold at public sale after public notice, the land was transferred direct to the judgment creditor, as was formerly the practice in Maine and other New England states), it was generally held that the officer's return of his doings must be drawn with fullness and exactness. Inferences and presumptions were allowed little, if any, force. Such has been the rule of construction in this state in such cases. We do not think, however, that those decisions control the decision of cases like this, where the land is sold at public sale after ample public notice. Indeed, it is very generally held in the other states that, when a sale upon execution is actually made and a deed executed and delivered to the purchaser, no evidence of notice of the sale having been given need be adduced by him in support of his title. In Freeman on Executions (3d Ed.) § 286, the learned author, with many

In this state, also, the strict rule applied to returns of levy by extent has been relaxed in cases of levy by sale. In Bailey v. Myrick, 50 Me. 171, the statute required the notice of sale to be published in some "public newspaper." The officer returned that he had published the notice in "a newspaper," omitting the word "public." The court held that it sufficiently appeared that the statute was complied with; that the word "newspaper” imported publicity. In Millett v. Blake, 81 Me. 531, 18 Atl. 293, 10 Am. St. Rep. 275, the judgment debtor was described in the execution as residing in Lagrange. In his recital of sending a notice by mail the officer did not state that he directed it to the debtor at Lagrange. The court held that such a direction could be inferred, saying (page 535 of 81 Me., page 294 of 18 Atl. [10 Am. St. Rep. 275]). "Something may be inferred as to the correctness of the action of a public officer when the law requires him to do a certain act."

In the case at bar, as already stated, the statute provided that the notice to the debtor might be "forwarded to him by mail postage paid." The officer recited he "sent to the said [debtor] a written notice by mail." Taking into account the legal presumption "as to the correctness of the action of a public of

tain act," as was done in Millett v. Blake, supra, we think it a fair, and even obvious, inference that the officer prepaid the postage. It was at the time (1897 and 1898) well known that under the postal laws and regulations mall matter would not be forwarded without prepayment of postage. It had then, as now, become a fixed habit, especially among business men and officials, to prepay postage by means of affixing a stamp. Any one then asserting he had "sent by mail" a letter or document would have been universally understood as asserting that he had done everything required to insure its being forwarded, including prepayment of postage as well as depositing the letter in the proper post-office receptacle. If convinced that, in fact, he had not prepaid the postage, he would have retracted his assertion that he had "sent" the letter. The single word "mailed," as used by a notary in his certificate, is held to imply that the requisite postage was prepaid. Rolla State Bank Pezoldt, 95 Mo. App. 404, 69 S. W. 51. The words "sent by mail" would seem to be of as strong import in any connection.

V.

We find no previous decision of this court in cases of levy by sale compelling us to construe the officer's recitals in this case so

strictly and technically as the plaintiffs would have us. In Pratt v. Skolfield, 45 Me. 386, where the officer's deed was held defective for want of sufficient recitals, the defects are not stated. Hence that case is no guide. Even in the cases of levy by extent, no return has been adjudged insufficient because of an omission like this. Granting that the court should be critical in construing official returns to see that all essentials are fully stated or clearly implied, or presumed by law, yet it would be hypercritical to hold at this day that an official recital by an officer that he had "sent a written notice by mail" does not import that he affixed the usual stamp, thus prepaying the postage (that being his official duty), as well as that he deposited the document in the proper post-office receptacle. No other objection is made to the deed or recitals in the deed and none is perceived. It must be held, therefore, that the defendant has the better title to two-thirds, and that the plaintiffs can only have judgment for onethird of the land.

Judgment for the plaintiffs for one undivided third only of the demanded land.

(75 N. H. 107)

BANK COM'RS v. SECURITY TRUST CO. et al.

security, and is for the benefit of all the creditors of the company.

[Ed. Note.-For other cases, see Banks and

Banking, Cent. Dig. § 155; Dec. Dig. § 73.*]
2. BANKS AND BANKING (§ 317*)—TRUST COM-
PANIES INSOLVENCY-DISTRIBUTION OF AS-
SETS-SAVINGS DEPOSITORS-STATUTES-CON.
STRUCTION.

Pub. St. 1901, c. 165, § 18, provides that trust companies, etc., transacting the business of a savings bank shall conduct the business as a separate department, and be amenable to the laws governing savings banks. Held, that the Legislature intended to create funds for the speand that where a trust company authorized to cial benefit of depositors in savings departments, do a general banking and savings bank business failed, and its assets consisted of securiposited with trustees to secure the payment of ties held under said section 18, securities dedebenture bonds, and unpledged assets, the relation between the different classes of claimants of the funds in the hands of the assignee and the trust company was that of debtor and creditor, and that the depositors in the savings department as well as the holders of debenture bonds were entitled to share with the unsecured creditors in the distribution of the unpledged assets as to so much of their claims as were not satisfied out of the special funds created for their benefit.

[Ed Note.-For other cases, see Banks and Banking, Cent. Dig. § 1222; Dec. Dig. § 317.*] 3. BANKS AND BANKING (§ 317*)—INSOLVENCY -EXPENSES OF ADMINISTRATION.

positors in the savings department of an insolSecurities set apart for the benefit of devent trust company doing a banking business must bear the expense incident to administering them, and the same is true of securities deposited for the benefit of holders of debenture bonds issued by the company.

[Ed. Note.-For other cases, see Banks and Banking, Cent. Dig. § 1222; Dec. Dig. § 317.*]

Transferred from Superior Court, Hillsborough County; Stone, Judge.

Proceedings by the Bank Commissioners against the Security Trust Company and others. Petition for instructions as to the distribution of assets. Case discharged.

The following questions were transferred to the Supreme Court:

(1) How shall the funds be distributed? (2) How shall the expenses of administration be apportioned?

The Security Trust Company was incorporated in 1889 (Laws 1889, p. 158, c. 175), and was authorized, among other things, to do a general banking and a savings bank business. At the time of its. failure in 1896 its assets consisted of (1) securities held under the provisions of section 18, c. 165, Pub. St. 1901; (2) securities deposited with trustees to secure the payment of several issues of debenture bonds; and (3) unpledged assets. There are three general classes of creditors: (1) Depositors in the savings depart

(Supreme Court of New Hampshire. Hillsbor- ment; (2) holders of debenture bonds; and

ough. Nov. 4, 1908.)

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(3) unsecured creditors. The amount realiz1. BANKS AND BANKING (§ 73*) BANKING ed from the assets of the saving department CORPORATIONS-CAPITAL STOCK-NATURE- is insufficient to satisfy the claims of the deRIGHTS OF CREDITORS. The capital stock of a corporation doing a positors, the amount realized from the securibanking business is in the nature of collateral ties deposited with trustees is insufficient to

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