American Saw Co. v. First National Bank

34 A. 1, 58 N.J.L. 438, 29 Vroom 438, 1896 N.J. Sup. Ct. LEXIS 105
CourtSupreme Court of New Jersey
DecidedFebruary 15, 1896
StatusPublished
Cited by2 cases

This text of 34 A. 1 (American Saw Co. v. First National Bank) is published on Counsel Stack Legal Research, covering Supreme Court of New Jersey primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
American Saw Co. v. First National Bank, 34 A. 1, 58 N.J.L. 438, 29 Vroom 438, 1896 N.J. Sup. Ct. LEXIS 105 (N.J. 1896).

Opinion

The opinion of the court was delivered by

Beasley, Chief Justice.

The essential facts to which the law is to be applied are as follows, viz.: The plaintiff was a corporation doing business in the city of Trenton, having its banking account with the defendant. In payment of its manufactüred articles sold in various parts of the country, it was in the habit of receiving a large number of drafts and checks, which were usually deposited to its credit in the bank of the defendant, by one Bissell, one of its employes, who to that end was duly authorized. In the course of time the plaintiff discovered that this agent had, as it is alleged, forgéd its name upon the back of a large number of these checks, and had thereby, instead of depositing the same in the bank for the benefit of the plaintiff, received the money due thereon and applied it to his own use. The drafts and checks thus paid had been collected by the defendant of their respective makers. The suit is for the moneys thus received by the bank.

The declaration contains the common counts, and annexed to it is a bill of particulars, with a heading, in these words, to wit: “ The following is a bill of particulars of plaintiff’s demand, and a copy of the checks and drafts collected by defendant on a forged and unauthorized endorsement of the name of the plaintiff, the payment of the proceeds of which plaintiff demands as money received for its use.”

Following this are copies of the drafts and checks referred to.

The plea of the defendant was the general issue, to which was appended, as a specification of defence, an allegation “that the endorsements upon the checks and drafts in the plaintiff’s bill of particulars set out were not forged.”

The case in this situation coming on at the Circuit to be [440]*440tried, a compulsory reference, by virtue of the statute, was ordered by the court, the parties entering their dissent thereto in the prescribed form.

Before the referee the checks and drafts contained in the bill of particulars were not in dispute, and in his report he thus states the grounds of his decision against the defendant, “ that one Isaac E. Bissell was then the secretary of the plaintiff, and as such was authorized to endorse checks and drafts received from the plaintiff’s customers in payment for goods sold by the plaintiff to such customers, to be deposited and paid into the plaintiff’s account with the defendant, but not otherwise, and was not then lawfully entitled to receive payment of such checks or drafts, of which the defendant then had notice; that the defendant at the dates and times hereinafter mentioned, without the knowledge, sanction or authority of the plaintiff, paid to the said Isaac F. Bissell, and the said Isaac E. Bissell received from the defendant payment of the checks and drafts' hereinafter mentioned, which were received from the plaintiff’s customers in payment for goods sold by said plaintiff to such customers, through a forged and unauthorized endorsement of the plaintiff’s name on the back of each of said checks and drafts by the said Isaac F. Bissell.”

On the coming in of this report a motion was made to suppress it, which was refused, and on the trial it was received in evidence against the objection of the defendant.

The case is now before the court on a motion for a new trial.

In the briefs of the counsel of the defendant there are three grounds laid for the granting of this motion.

The first of these is that the plaintiff should have been non-suited when its case was rested.

This contention is based on the proposition that if it be admitted that the money was paid by the bank to Bissell by reason of his forged endorsement, still there was thereby no contractual relation between the bank and the plaintiff, and therefore no ground for the action. This may well be admitted, but the facts do not stop at this point, for it was [441]*441shown that, after such payment, the bank collected upon the checks and drafts the moneys due upon them. As these vouchers were the property of the plaintiff, it is difficult to see why the sums thus obtained did not belong to the.plaintiff, and why, under such circumstances, a promise, by intendment of law, did not arise, to pay them to the person thus entitled to them. It is believed that no decision or judicial dictum can be found that, in any degree whatever, is opposed to such a result. The precedent of Buckley v. Second National Bank, 6 Vroom 400, is thoroughly in point, and would.have to be overruled in order to sustain this contention of the defence. The other cases which are cited in support of the nonsuit are such obvious misapplications to the facts now before the court upon this record that it is not deemed necessary to discuss them or to explain their irrelevancy.

The verdict cannot be avoided on this ground.

The second proposition is that the order of reference made-by the court as above stated, and the reception at the trial of the report of the referee, were legal errors that, of necessity, must illegalize the trial.

In my opinion this objection must prevail.

The reference thus made was void on two grounds—first, the course thus taken was not in pursuance of the statute.

The act referred to provides that “all actions in which matters of account are in controversy may, by rule of court, be referred to some competent person or persons, as a referee or referees, to state and report an account between the parties and the amount that may be due from either party to the other, which report, when confirmed by the court, shall be final and conclusive between the parties, and judgment entered thereon and execution issued in the manner provided by law in cases of reference: but either party may, at the time of entering such reference, enter in the minutes of the court his dissent therefrom, and at the same term in which the report is filed may demand a trial by jury, in which case the action shall be tried by a jury,” &c., “and upon such trial the re-: [442]*442port of the referee or referees shall be prima facie evidence of all the facts therein found and reported,” &c.

In the instance now before this court nothing can be clearer than that in this action “ matters of account were not in controversy.” It is not easy to imagine an example of a case that presents more strongly than the present case a subject of controversy the exact opposite of a controverted account—a controversy touching an account are legal terms that have a definite signification. They denote the necessity of the adjustment and settlement of items some of which are controverted. The subject is illustrated and explained by a perception of such matters of account as are cognizable by a court of equity or that can be embraced in the ancient common-law action of account. No one conversant in the law would venture to suggest that the subject of the present action could be decided by either of these methods. A bill in equity setting it up would have been summarily dismissed, and to embrace it in an action “of account would be opposed, to all the practice-of the courts from the time of the Year-Books to the present moment.

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34 A. 1, 58 N.J.L. 438, 29 Vroom 438, 1896 N.J. Sup. Ct. LEXIS 105, Counsel Stack Legal Research, https://law.counselstack.com/opinion/american-saw-co-v-first-national-bank-nj-1896.