ADAMS, John Quincy Document signed ("J. Q. Adams"), as President, comprising Adams's "Answer to the Complaint of James Corcoran in a case before the Circuit Court of the District of Columbia," WITH TWO AUTOGRAPH EMENDATIONS (13 WORDS) IN ADAMS'S HAND. [Washington], May 1827. 2½ pages, folio . A PRESIDENT AS DEFENDANT IN REAL ESTATE LITIGATION The President signs off on a legal pleading in Corcoran vs. Adams, a complicated and messy litigation. In 1823 Adams made a $3,000 loan to Robert Easter, secured by a deed which Easter conveyed to Adams. Easter defaulted and became a bankrupt, with a trustee, Robert Brown appointed to oversee his affairs. The trustee alleged that the conveyance from Easter to Adams was improper (since a prior conveyance from James Larnea to Easter had not been officially recorded). In any event the trustee auctioned off the property and Adams himself purchased it for $900. He made improvements to the house--and notes the costs of his expenses in holograph in the pleading. Corcoran evidently had a lien on Easter's property as well, unbeknownst to Adams. In his answer he asserts his willingness to sell his deed back to the trustee for the benefit of Corcoran and other creditors in return for payment of all "monies already laid out and expended by the said defendant."
ADAMS, John Quincy Document signed ("J. Q. Adams"), as President, comprising Adams's "Answer to the Complaint of James Corcoran in a case before the Circuit Court of the District of Columbia," WITH TWO AUTOGRAPH EMENDATIONS (13 WORDS) IN ADAMS'S HAND. [Washington], May 1827. 2½ pages, folio . A PRESIDENT AS DEFENDANT IN REAL ESTATE LITIGATION The President signs off on a legal pleading in Corcoran vs. Adams, a complicated and messy litigation. In 1823 Adams made a $3,000 loan to Robert Easter, secured by a deed which Easter conveyed to Adams. Easter defaulted and became a bankrupt, with a trustee, Robert Brown appointed to oversee his affairs. The trustee alleged that the conveyance from Easter to Adams was improper (since a prior conveyance from James Larnea to Easter had not been officially recorded). In any event the trustee auctioned off the property and Adams himself purchased it for $900. He made improvements to the house--and notes the costs of his expenses in holograph in the pleading. Corcoran evidently had a lien on Easter's property as well, unbeknownst to Adams. In his answer he asserts his willingness to sell his deed back to the trustee for the benefit of Corcoran and other creditors in return for payment of all "monies already laid out and expended by the said defendant."
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.jpg "Source: Christie's")
.jpg "Source: Christie's")
