Gould v. Gould

41 Barb. 654, 1864 N.Y. App. Div. LEXIS 7
CourtNew York Supreme Court
DecidedMay 2, 1864
StatusPublished

This text of 41 Barb. 654 (Gould v. Gould) is published on Counsel Stack Legal Research, covering New York Supreme Court primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Gould v. Gould, 41 Barb. 654, 1864 N.Y. App. Div. LEXIS 7 (N.Y. Super. Ct. 1864).

Opinion

The following opinions, delivered at the general term, show what was the final disposition of the cause in this court.

Leonard, J.

The plaintiff, as assignee of Julia Gould, makes the mistake of requiring the defendant to pay the losses arising froihbad investments of Julia’s money a second time. In the settlements made with her, the defendant allowed all they had cost her. Had she brought an action, and established against the defendant bad faith in investing her money, as her agent, at the period of any of the several [655]*655settlements, or changes in the investments, she could have recovered no more than the defendant has paid her. She has been paid her original capital with interest, taking it when it was largest, at the time of the sale of the N. Y. Central R. R. investments. Assuming that she has been charged with investments a price greater than their actual worth, or market value at the time of the charge, these investments, when they afterwards proved bad, have in every instance been taken off her hands at a price equal to the amount with which she was charged, and interest. The transactions have been rescinded or settled, by returning the bonds or stock to the defendant, and receiving from him a sum equal to the original cost as charged to Miss Gould, and interest. The plaintiff, as her assignee, can have no second satisfaction of her damages, by now claiming to affirm transactions with the defendant which have been long ago disaffirmed and settled, when the defendant discovered that the investments had proved to be less profitable to Miss Gould than he had expected they would be. The transactions appear to have been honorable on the part of the defendant—he assuming the losses in every instance w'hen the investment was not profitable.

In regard to the interest ($240) due on the 1st March, 1854, on the Alton bonds, they were entered in the account of that date, although the account was rendered in February preceding, showing that the bonds were sold, as of a date which did not carry the interest to the purchaser.

The judgment, appealed from by the plaintiff, should be affirmed with costs.

Suthbeland, J. The referee finds that the. Michigan Southern rail road bond, and the Alton city bonds, were sold by the defendant to Julia Gould. I do not find any satisfactory evidence that these bonds were purchased with [656]*656the funds of Julia. Without such evidence the plaintiff’s case fails.

[New York General Term, May 2, 1864.

I concur in the conclusion arrived at by Judge Leonard.

Clebke, J. also concurred.

Judgment affirmed.

Zeonard, Olerlce and Sutherland, Justices.]

[657]*657APPENDIX. HON. JOHN SAVAGE, LL. D., FORMERLY CHIEF JUSTICE OF THE SUPREME' COURT OF JUDICATURE, Died at his residence in the city of Utica, on the 19th day of October, 1863, at the advanced age of eighty-four years. On the next day, the following obituary notice appeared in the Utica Morning Herald, from, the pen of the Hon. Hiram Denio, some time a Judge of the same court, now one of the Judges of the Court of Appeals. “Judge Savage was born at Salem, Washington county, in this state, on-the 22d of February, 1779. He was of Scotch descent, bis ancestors having emigrated to this country from the north of Ireland, to which they came at an earlier period from Scotland. He took his degree of Bachelor of Arts at Union College the last year of the last century, receiving the first honors of his class. Embracing the profession of the law, lie-was admitted to the bar after the usual probation, and commenced the practice in his native town. At that day the state was divided into large districts for the purpose of the administration of criminal justice, and Mr. Savage was appointed district attorney for the district embracing the northern counties. His health becoming impaired, he made a voyage to Europe, and after spending some time in traveling, principally in Ireland, returned, and was reappointed to his former position of prosecuting attorney. In the year 1812 he was elected a member of the assembly from his native county. This, it will be recollected, was during the war with England, and at a time when party conflicts were unusually earnest and violent. He belonged to the political interest which supported the administration of Mr. Madison and upheld' the conduct of Governor Tompkins, and favored the vigorous prosecution of the war, which he believed to be a just Vol. XLI. 42

[658]*658658 APPENDIX. and necessary measure on account of the outrages committed by the British government upon our commerce and Reamen, The assembly of that year embraced an unusual number of gentlemen of mark and talent, among whom maybe mentioned the late Gov. Botjck, Samuel Young, David B. Ogden and others. The republican party, as the supporters of the administration were then called, was in a minority; and it may be stated as an evidence of the estimation in which Mr. Savage was held at an early age, that he was selected, at the close of the session, to draw up the address of the minority, containing a declaration of their sentiments and a vindication of their principles and conduct, which duty he performed with marked ability. He subsequently served two terms as a representative in congress, having been first chosen in 1814 and re-elected in 1816. After the expiration of his last term, he was appointed comptroller of the state, to succeed Abchibald MoIntyee who liad held the place a great many years. It would be impossible in this brief sketch to particularize the various public measures in which Mr. Savage participated, or which were originated by him. It may be mentioned, however, that the system of taxing corporations, as such, was originated by him while performing the functions of the office of comptroller. The practice had been to assume to assess the stockholders for their interests, along with the mass of their property, where such interests were known and the stockholders were residents of the state; but the large amount of money thus invested escaped almost entirely from contributing to the public burthens. The new system was adopted in consequence of an elaborate report from the comptroller, and has ever since been the established policy of the state. While Mr. Savage continued to execute the office of comptroller, the constitution of 1822 was adopted and went into operation. The changes effected by that instrument necessitated a complete reorganization of the judiciary, and Mr. Savage was called to, and with considerable reluctance on his part accepted, the office of Chief Justice of the Supreme Court, to which he was appointed on the 29th of January, 1823; and he continued to hold that position until the latter part of the year 1836. It was in this office that the greatest distinction of his life was earned. Having served, a large portion of his time, before his appointment, in other walks of the public service, he did not consider that he possessed any peculiar qualifications as a judge; but those who controlled the question thought otherwise. His labors were henceforth to be performed in the face of a learned bar, comprising many .veteran lawyers, and with the disadvantage of

[659]*659APPENDIX. 659 succeeding to the seat of a race of judges of great abilities and high reputation, of whom the state had justly been proud.

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Bluebook (online)
41 Barb. 654, 1864 N.Y. App. Div. LEXIS 7, Counsel Stack Legal Research, https://law.counselstack.com/opinion/gould-v-gould-nysupct-1864.