John M. Parker Co. v. E. Martin & Co.

88 So. 68, 148 La. 791, 1920 La. LEXIS 1724
CourtSupreme Court of Louisiana
DecidedNovember 3, 1920
DocketNo. 22725
StatusPublished
Cited by6 cases

This text of 88 So. 68 (John M. Parker Co. v. E. Martin & Co.) is published on Counsel Stack Legal Research, covering Supreme Court of Louisiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
John M. Parker Co. v. E. Martin & Co., 88 So. 68, 148 La. 791, 1920 La. LEXIS 1724 (La. 1920).

Opinions

DAWKINS, J.

Plaintiff sued E. Martin & <3o., a firm of cotton brokers, and the individual members thereof, on an alleged indebtedness of .$20,395.32, and coupled with its demand a writ of sequestration under which certain cotton was seized in the hands of other parties. S. Gumbel & Co., Limited, of New Orleans, La., was made a party defendant, and enjoined from disposing of bills of lading for some ISO* bales of the cotton; and plaintiff prayed for judgment ordering the delivery of said bills to it, or in default thereof that it have judgment against the said Gumbel & Co., Limited, for the sum of $9,751.39, with interest, as the value of the cotton. The Hibernia Bank & Trust .Company was likewise made defendant, and the same relief asked for as to 83 bales of said cotton, or a personal judgment in the sum of $8,000.

This suit was filed on March 14, 1912, and on March 20th E. Martin & Co. were adjudged bankrupt. On March 25th, counsel for Gumbel '& Co. filed an exception, suggesting the bankruptcy proceedings, and pleading that the lower court had been divested of jurisdiction thereby as to Martin & Co.' Similar exceptions were filed on behalf of the receivers for the bankrupt, and the Hibernia Bank & Trust Company, all of which were, on May 23d, overruled.

Thereafter Gumbel & Co. and ■ Hibernia Bank & Trust Co. pleaded a misjoinder of causes of action and parties defendant. These exceptions were tried and taken under advisement, and on'January 17, 1913, counsel' for plaintiff took a nonsuit as to its demands against the sáid bank, whereupon said' exceptions were overruled. Again, on January 22, 1913, Gumbel & Co.,' filed an additional exception of misjoinder of persons and ac-' tions, in that, notwithstanding the dismissal of the demands against the bank,' plaintiff was' still attempting- to litigate its' claims against Martin & Co. in this case, and in which exceptor had no interest or concern;' and' on March 7,' 1918, plaintiff mbved the [795]*795dismissal of all of its demands against “Martin & Co., and the individual members of said firm, in which the defendant S. Gumbel & Co., Limited, is not joined as a party defendant, or as to which the defendant S. Gumbel & Co., Limited, has not appeared as a claimant releasing on bond cotton or bills of lading seized under the writ of sequestration herein,” which motion was allowed, and the last-mentioned exception overruled.

Reserving its exceptions, Gumbel & Co., Limited, on March 10, 1913, answered that it was the holder of the cotton in good faith under negotiable documents of title, i. e., warehouse receipts and bills of lading, upon the faith of which it had advanced sums in excess of the value of said cotton, and averred that its rights were superior to and could not be affected by any undisclosed claims thereon of the plaintiff. It further pleaded that the plaintiff, having clothed the said Martin & Co. with negotiable muniments of title or indicia of ownership of said cotton, and being charged with the knowledge that said firm would negotiate the same, and plaintiff having itself indorsed the said bills of lading, was estopped to recover of defendant or any one else acting on the faith thereof.

The judgment below was in favor of defendant, and plaintiff brings this appeal.

The case was tried upon an agreed statement of the facts, which we summarize as follows:

The indebtedness of Martin & Go. to plaintiff as alleged was admitted.

Fifty bales of the cotton in dispute, 25 of ■ which were marked “LERO” and 25 “LEER,” were sold to Martin & Co. by plaintiff on March 6, 1912, for $2,645.93. On March 8th Sloan & Co., consignee of said 50 bales, gave plaintiff an order on the Illinois Central Railroad Company therefor, which order was appended to a similar one from ' plaintiff, and both of which were, on the same day, delivered to Martin & Go. Martin & Co. received the cotton from the railroad, company on March .9th, and re-marked 38 bales “R<§>I,” and 12 bales “K<g>'.S,” after which all of it was stored in a public warehouse, and negotiable receipts therefor obtained by Martin & Co. These receipts were indorsed over to S. Gumbel & Co., Limited, who took the same in good faith, for a valuable consideration, and in the regular course of business. On March 11th, plaintiff invoiced the said cotton to Martin & Co., and on the same day, received a check from the latter for the’price drawn upon the Hibernia Bank & Trust Company, and receipted the bill. The next day, the bank dishonored the check, and plaintiff sequestered the cotton on March 14th.

In addition to the 50 bales above mentioned, the plaintiff on March 12, 1912, and before it had been informed of the dishonor of Martin & Co.’s check, delivered to the latter four bills of lading for cotton, under contracts previously made, as follows:

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Related

Mitchell v. Maxey
123 So. 436 (Louisiana Court of Appeal, 1929)
Howell v. Titus
7 La. App. 236 (Louisiana Court of Appeal, 1927)
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98 So. 168 (Supreme Court of Louisiana, 1923)
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Cite This Page — Counsel Stack

Bluebook (online)
88 So. 68, 148 La. 791, 1920 La. LEXIS 1724, Counsel Stack Legal Research, https://law.counselstack.com/opinion/john-m-parker-co-v-e-martin-co-la-1920.