NOT SOLD (BIDDING OVER)
0.00USD+ applicable fees & taxes.
This item WAS NOT SOLD. Auction date was 2002 Jun 26 @ 09:00UTC-08:00 : PST/AKDT
One of the most unusual disputes we have ever seen is contained in these records of a Texas court battle, 50pp. legal folio, Austin, Texas, May 1868. The case involved Ruben Loggins who agreed to lease a plantation with seven slaves owned by E.S. Buck for the sum of $1650. The contract came into dispute when Loggins refused to pay in 1863 and 1864. Although Mrs. Buck had already died, the executors of her estate chose to sue. In his defense, Loggins cited an agreement with Buck which stipulated "...that in case of a rupture and difficulty among the State of the United States and consequent hostilities and warlike relations by which the business relations of the country should be disturbed, that the contract...should be considered and declared annulled...". In other words, because the Civil War broke out, the contract was null and void. In his written statement to the court, Loggins argued that he faithfully cultivated the land for the first two years of the war, and that while doing so, his payment for the sale of the crops he grew was, not surprisingly, completely in Confederate money. Buck's estate had initially accepted Confederate currency for the lease. But at the end of 1863, as the value of Confederate currency plummeted, and no Confederate notes or payment in kind were accepted, placing Loggins in a very difficult position. Citing the fact that Confederate notes were the only currency available, Loggins argued that both the slaves and plantation were "valueless" to him. Further complicating the situation was the fact that Loggins lost three of the slaves: one died, one hired away, and the third drafted into Confederate service. Loggins was unsuccessful as the court ruled that since the agreement to annul the contract in case of war was verbal and without witnesses, the contract would stand. Loggins, now with very little money and little to lose, petitioned the Texas Supreme Court for an unlikely appeal. Regardless, this would have been little consolation for the administrators of the Buck estate, since there was little they could recover. Documents are bound with the original ribbon with paper seal, usual folds, first few pages beard heavy chipping but overall in very good condition.
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United States
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<p>1.) This is a combination Mail, Phone and Fax Bid and Live Bid Auction and is conducted under the laws of the States of New York and Connecticut.
<p>2.) This auction will be held in two parts. Part I (Lots 1-426) will begin at 1:00 PM Eastern Time on Tuesday, June 25, 2002. Part II (Lots 500-1279) will begin at Noon Eastern Time on Wednesday, June 26, 2002. However, you may bid at any time prior to the sale dates.
<p>3.) There is a 17.5% Buyer's Premium charged on the final hammer price of each lot.
<p>4.) The Auctioneer reserves the right to reject any bid for any reason.
<p>5.) The Auctioneer reserves the right to withdraw any lot for any reason.
<p>6.) In the event of duplicate high bids, the earliest bid received will be the winner.
<p>7.) Some lots may carry a reserve beneath which the item will not be sold.
<p>8.) Detailed descriptions of lots and photocopies are available upon request.
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<p>11.) The placing of a bid legally binds the bidder to purchase the lot at or below the bid placed, plus buyer's premium (see item 3). Bids may not be retracted without our approval. Please think before you bid! You are legally bound once you bid.
<p>12.) Absentee Bidding: All bidding is undertaken in a competitive manner. The winning bid will always be one bidding increment over the second highest bid. The minimum acceptable bid for any lot is one-half of the low estimate given in the item description or $15.00, whichever is greater. Bidders may call at any time to check the status of their bids. Live Bidding: Bids entered during the course of the sale by bidders on the floor, on the phone or live on the internet will be taken at the amount bid.
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<p>15.) All material in this sale is guaranteed genuine (unless otherwise stated) to the original buyer. Any item sold which is determined to be not authentic by two independent authenticators acceptable to both parties to the sale may be returned by the original buyer at any time for an immediate refund of the purchase price (only).
<p>16.) Items may also be returned if the catalog description differs significantly from the item's actual condition; such returns must be made within three (3) days of purchaser's receipt of the lot(s). All returned lots must be in the same condition as shipped. All items are in very good condition unless stated otherwise. Items housed in frames have not been examined outside of the frame. Lots which bear defects or damage not visible because of framing will not be subject to return.
<p>17.) The placing of a bid shall constitute acceptance of the preceding terms and conditions of sale. No auction results will be
available until June 28, 2002!
<p>19.) Absentee bids must be received by us one hour prior to the commencement of each sale.
<p>Bidding Increments
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