El Paso Live Stock Commission Co. v. Colorado Live Stock Commission Co.

171 F. 20, 96 C.C.A. 262, 1909 U.S. App. LEXIS 4792
CourtCourt of Appeals for the Eighth Circuit
DecidedApril 27, 1909
DocketNo. 2,855
StatusPublished
Cited by3 cases

This text of 171 F. 20 (El Paso Live Stock Commission Co. v. Colorado Live Stock Commission Co.) is published on Counsel Stack Legal Research, covering Court of Appeals for the Eighth Circuit primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
El Paso Live Stock Commission Co. v. Colorado Live Stock Commission Co., 171 F. 20, 96 C.C.A. 262, 1909 U.S. App. LEXIS 4792 (8th Cir. 1909).

Opinions

RINER, District Judge.

This was an action in replevin. The parties were arranged in the Circuit Court as they are arranged here, the plaintiff in error being the plaintiff and the defendant in .error being the defendant, and will be hereafter referred to as plaintiff and defendant, respectively.

The record shows that on the 17th of September, 1906, the plaintiff had about 1,300 head of Mexican cattle in a pasture, known as the “Hall pasture,” near Fountain, Colo.; that on that day A. G. Putnam purchased these cattle from Charles F. Hunt, president of the plaintiff company, agreeing by an oral agreement to pay therefor the sum of $13.75 per head, excluding the calves, which were to be delivered with the other cattle without additional charge therefor. The [21]*21negotiations for the sale and purchase of these cattle were carried on at "the Pike’s Peak Club in the city of Colorado Springs, and, after an agreement had been reached between the parties as to price per head to be paid for the cattle, conditions of delivery, and time of delivery, Putnam gave Hunt a draft on the defendant company for $2,000 to apply upon the purchase price of the cattle. The negotiations were completed, as the record shows, about 12 o’clock noon on the 17th day of September, and that, immediately upon its receipt from Putnam, Hunt took the draft to the Exchange National Bank of Colorado Springs and asked the bank to telephone the drawee, the defendant, and inquire if the draft would be honored.

Hunt testified:

“Q. About what hour of the day of the $2,000 draft was it handed to you by Mr. Putnam? A. I think it was about Í2 o’clock; we went oyer to lunch together; I think it was about 12 o'clock at noon. Q. Where were the cattle at that timo? A. Running at large in tho pasture. Q. Did you take that draft: as a matter of course, without inquiry, or did you inquire about it? A. 1 immediately went to the bank. Q. What bank? A. The Exchange National Bank of Colorado Springs, and deposited it to the credit of my company. I asked them to telephone the drawee, the Colorado Live Stock Commission Company, if he would honor the draft, and the bank cashier reported to me that they had — ” 4

At this point objection was made, and the witness then said:

“They reported favorably; the draft was paid.”

On cross-examination, he testified:

“Q. You say the trade was finally consummated at the Pike’s Peak Club? A. Yes, sir, on the 17th. Q. And by that trade he was going to take all of your cattle? A. That was the trade. Q. He gave you, then, a payment of $2,000 by this draft? A. Yes, sir. Q. That $2,000 was to apply upon tho purchase price of the cattle? A. Yes, sir. Q. That was oil the 17th? A. Yes, sir, the 17th. Q. And that same afternoon, was it, that you deposited the draft- — or the next day? A. The same day before I went to-lunch. I walked down to the bank and had them telephone, and made the deposit. Q. That was in tho Exchange National Bank? A. The Exchange National Bank; yes, sir. Q. You stated that you requested them, at the time of depositing it, to telephone to tho Colorado Live Stock Commission Company, upon whom it was drawn? A. I did. Q. Did they telephone before they entered it as a credit upon your book? A. They did not. Q. Do you know which one telephoned? A. I don’t know which telephoned; the cashier is the gentleman with whom I talked. Q. How long after that before they reported to you that they had telephoned with reference to the draft? A. I think it was that evening, if not the next morning before I returned to the pasture.”

And after being cross-examined as to some other matters, he was again asked on cross-examination:

“Q. Referring for a moment to the telephone conversation by the cashier or employe of the Exchange Bank at the time this $2,000 draft was given, will you state just what you told him to telephone? A. I can state it as T remember it? Q. Yes. A. The import of it was that I asked him to telephone the Colorado Live Stock Commission Company if they would honor this draft — Mr. Putnam’s — of $2,000. Q. Was there anything said at the time about its being for cattle? A. Nothing at all. Q. You didn’t say anything at that time? A. I did to the bank, yes; I told the bank I had sold my cattle; what they said I don’t know. Q. You don’t know what they [22]*22said at the time? A. No. Q. But did they telephone for you? A. Yes, sir. Q. In regard to this draft? A. They said so.”

Elijah Bosserman, president of the defendant company, testified on direct examination:

“Q. I show you Exhibit C, which is a draft for $2,000 on the Colorado Live Stock Commission Company, and drawn in favor of the plaintiff in this case, dated September 17, 1906, signed by A. G. Putnam. When did you first have knowledge of that draft? A. I first had knowledge of that draft through, I suppose it was, the Exchange Bank at Colorado Springs that called me up on the phone. Q. Well, some one did call you up on the phone? A. Yes, sir. Q. Bid they state what bank it was? A. I think it was the Exchange Bank; they said, ‘This is the Exchange National Bank,’ or something to that effect. * * * Q. Bid the bank, at the time it telephoned you, say that this draft was drawn by A. G. Putnam, and did they say what it was drawn, for? A. Yes, sir. Q. What did they say it was drawn for when they asked you if you would pay it? A. They said it was for the payment of cattle. I asked them if they had made shipment, and they told me, ‘Yes.’ Q. So when the draft came in it was paid? A. Yes, sir.”

And on cross-examination:

“Q. You paid that draft on the faith of the credit of the bank at Colorado Springs, or on the faith of the signature of A. G. Putnam? A. They told me it was for cattle, and I paid it; I told them I would pay it if it was for cattle for immediate shipment, which they told me it was. Q. Who told you that? A. The bank; he said he was cashier of the bank.”

The draft was paid on the 19th of September at Denver, and, on the 20th, Putnam drew another draft on the defendant for the sum of $10",615, and on the same day 25 cars of cattle, numbering substantially 843 head, were shipped by Putnam, consigned to the defendant. The cattle arrived at Denver on the morning of the 21st, and on that day the defendant was informed by Putnam that he had drawn a second draft for $10,615. This was the first information received by defendant that any such draft had been drawn. The defendant decíined to pay it, and it was protested. Hunt came to Denver, made demand upon defendant for the cattle, which the defendant declined to surrender until the $2,000, the amount of the first draft, which it had paid was returned; this Hunt refused to do and brought this action to recover possession of the cattle.

The sole question, under the facts disclosed by the record, is whether the plaintiff was entitled to the possession of the cattle without refunding the $2,000 paid to the plaintiff by the defendant upon the first draft. It would be interesting indeed to here review the learning upon the rights of consignors, consignees, and factor men and the rules of law applicable to the right of recission between parties to contracts, and to notice at some length the very able discussion of the cases relating to these subjects found in the briefs of counsel, but in the view we have taken of this case it becomes unnecessary to do so.

Free access — add to your briefcase to read the full text and ask questions with AI

Related

Price v. Wells Fargo & Company
N.D. California, 2022
Webb v. Wildcat Lateral Ditch Co.
186 P. 287 (Supreme Court of Colorado, 1919)
Luckenbach v. 500 Tons of Scrap Iron
213 F. 670 (E.D. Pennsylvania, 1914)

Cite This Page — Counsel Stack

Bluebook (online)
171 F. 20, 96 C.C.A. 262, 1909 U.S. App. LEXIS 4792, Counsel Stack Legal Research, https://law.counselstack.com/opinion/el-paso-live-stock-commission-co-v-colorado-live-stock-commission-co-ca8-1909.