Cravens v. Lee

Elisha B. Cravens was the owner of certain real estate at Glenwood Springs. He transferred it to Clinton Reed by a deed absolute in form, but, in fact, the conveyance was in trust, and a written declaration of trust was executed by Reed. After this transfer, and as a result of a compromise of certain business transactions between Joseph W. Taylor and Joseph Reynolds, then deceased, Taylor executed his promissory note for $15,500, payable to Charles S. Thomas, as the representative of the estate of said Reynolds, and at the direction of Taylor, who assumed to represent Cravens, and to have…