Sprigg v. Commonwealth Title Insurance & Trust Co.
Supreme Court of Pennsylvania
Appeal, No. 323, Jan. T., 1902, by plaintiff:, from decree of C. P. No. 2, Phila. Co., Dec. T., 1898, No. 381, dismissing bill in equity in case of Carroll Sprigg v. Commonwealth Title Insurance and Trust Company. Bill in equity to enforce an alleged trust and for an account. Before Wiltbank, J. The facts are stated in the opinion of the Supreme Court. Error assigned was decree dismissing the bill.
1Opinion of the Court
Opinion by
Mr. Justice Potter,
The Standard Coal and Timber Company of West Virginia, claiming to be the owner of a large tract of land in McDowell county, executed and delivered to the Commonwealth Title Insurance and Trust Company of Philadelphia, as trustee, a mortgage or deed of trust, dated May 2, 1892, upon 204,000 acres of mineral and timber lands located in said county and state. This mortgage was given to secure the payment of a series of 1,000 coupon bonds of the coal and timber company, for $1,000 each, amounting in the aggregate to $1,000,000, all bearing the same date, and payable…
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