Commonwealth v. Wyman

49 Mass. 247
CourtMassachusetts Supreme Judicial Court
DecidedOctober 15, 1844
StatusPublished
Cited by1 cases

This text of 49 Mass. 247 (Commonwealth v. Wyman) is published on Counsel Stack Legal Research, covering Massachusetts Supreme Judicial Court primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Commonwealth v. Wyman, 49 Mass. 247 (Mass. 1844).

Opinion

Hubbard, J.

The indictment in this case charges, that William Wyman and Thomas Brown jr. at Charlestown, “ on the first day of April 1842, he the said Wyman then and there being one of the directors and president of the Phoenix Bank, a corporation then and there duly and legally established, organized, and existing under and by virtue of the laws of the Commonwealth, as an incorporated bank, and he the said Brown being then and there cashier of the said bank, did, by virtue of their said respective offices and employments, and whilst they the said Wyman and Brown were severally employed in their said respective offices, have, receive, and take into their possession, certain money to a large amount, to wit, to the amount and sum of $220,000, and of the value of $220,000, divers bills, called bank bills, amounting in the whole to the sum of $ 120,000, and of the value of $120,000, divers notes, called treasury notes, amounting in the whole to the sum of $75,000, and of the value of $75,000, of the goods and chattels, property and moneys, of them the said President, Directors and Company of the Phcenix Bank, in their banking house there situate, being ; and the said money, bills and notes, then and there, unlawfully, fraudulently, and feloniously, did embezzle, in the banking house aforesaid. And so the jurors aforesaid, on their oath aforesaid, do say that the said Wyman and Brown, then and there, in manner and form aforesaid, the aforesaid money, bills, and notes, [248]*248of the goods, chattels, property, and moneys of the said President, Directors and Company of the Phoenix Bank, feloniously did steal, take, and carry away, in the banking house aforesaid, against the peace of the Commonwealth aforesaid, and contrary to the form of the statute in such case made and provided.”

This indictment came on to be tried in the court of common pleas, at the June term 1843, when the defendants severally pleaded not guilty, and the said Brown was acquitted ; but the jury disagreed as to the said Wyman, and they were, by consent of the prosecuting officer and said Wyman, discharged. At the next October term the cause again came on for trial, before Allen, J., and on the opening of the case, the counsel for the government stated that the defendant was the president of the Phcenix Bank, and, as such officer, had control and custody of the property of the bank ; that on the 1st of October 1842, it was ascertained that the whole capital of the bank, $300,000, was lost; the bank, until that time, being in good*credit, its directors, as well as the public, supposing it to be good and its capital entire ; that, at some time or times unknown, but within six months after the day stated in the indictment, the capital of the bank was embezzled by the defendant.

Upon this statement of the case, the counsel for the defendant moved the court to rule that, by law, the government was restrained to the proof of some one single and distinct act of embezzlement, as a substantive offence, committed within six months from and after the day stated in the indictment; and that no other distinct act of embezzlement could be proved, except for collateral purposes; as for showing the intent with which such single substantive act was committed, or the like. But the court ruled, that the government might prove any acts of embezzlement committed within six months next after the day named in the indictment, and permitted the counsel for the government to give evidence of the abstraction, within said period of six months, of a large amount of promissory notes, money, and treasury notes, without proof that the same were taken from the bank, or abstracted, at the same time. And evidence was given upon the said trial, among other things, [249]*249tending to show that the defendant had authority to lend money of the bank, without consulting the directors; and also evidence tending to show that the defendant had lent the property, mentioned in the indictment, to Stanley, Reed & Co.

After the evidence was closed, the-counsel for the defendant, among other things, moved the court to instruct the jury that, to support the indictment, the government must prove, to the satisfaction of the jury, one or more distinct acts of embezzlement committed within six months from 'and after the day charged in the indictment; and that it was not sufficient to prove that within that period uncertain sums, at uncertain times, had been embezzled, although the aggregate of the same might be a sum certain. But the court refused to instruct the jury according to the prayer of said motion. And in regard to the legal character and meaning of the crime of embezzlement, the court instructed the jury that it consisted in the fraudulent conversion by the defendant, to his own use, of the property of the bank described in the indictment; but that it was not necessary to his conviction, that the jury should be satisfied that it was appropriated to his own pecuniary advantage and benefit; and that it was equally an act of embezzlement, if the motive for the fraudulent conversion was to benefit another person.

The jury returned a verdict of guilty against the defendant, and the counsel excepted to the ruling of the court.

The defendant has also moved in arrest of judgment, in this court, and has set out certain reasons therefor, which do not vary substantially from the exceptions taken to the ruling in the court below, with this additional reason, that the indictment does not so describe the office and capacity in which the defendant is therein alleged to have received and taken the things therein charged to have been embezzled by him, that by law any judgment can be rendered thereon against the defendant.

This indictment is founded on the Rev. Sts. c. 126, <§> 27, and c. 133, <§> 10. To sustain, therefore, the rulings of the earned judge who tried the case, it is necessary to maintain that presidents and directors of banks are included under the teim officers, in c. 126, $ 27, and that bank officers are among [250]*250the persons subjected to be charged with embezzlement, in the mode pointed out in c. 133, <§> 10; and unless these two propositions are decided affimatively, it is not necessary to determine the other questions which have been discussed on the argument.

The terms of § 27, of c. 126, are these: “ If any cashier, or other officer, agent or servant, of any incorporated bank, shall embezzle or fraudulently convert to his own use,” &c.; and the question for consideration is, whether the president and directors of a bank are embraced within the intent and meaning of the word officer, and, as such, are persons obnoxious to the penalties therein imposed.

It is one of the incidents of an aggregate corporation, author ized to make by-laws, to delegate their authority to a part of their body. And the body to whom such authority is delegated become the efficient representatives of the corporation. In respect to the banks in this Commonwealth, they have all had, from , the creation of 'the Massachusetts Bank in 1784, to the present time, a board of directors selected from among themselves, one of whom has been constituted their president. These persons, as indicated by the name, have a directing and supervising power over the affairs of the institutions, rather than the active management of their internal concerns, which are usually entrusted to officers by them appointed, and designated as cashiers, tellers, book-keepers, clerks, messengers and porters.

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Bluebook (online)
49 Mass. 247, Counsel Stack Legal Research, https://law.counselstack.com/opinion/commonwealth-v-wyman-mass-1844.