Walther v. Wetmore

1 E.D. Smith 7
CourtNew York Court of Common Pleas
DecidedApril 15, 1850
StatusPublished

This text of 1 E.D. Smith 7 (Walther v. Wetmore) is published on Counsel Stack Legal Research, covering New York Court of Common Pleas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Walther v. Wetmore, 1 E.D. Smith 7 (N.Y. Super. Ct. 1850).

Opinion

By the Court. Woodruff, J.

The principles of law, by which the rights of the parties are governed in this action, are the same as would have prevailed in the action of trover, under our former practice. I perceive nothing in the pleadings, nor in the arguments of counsel, which is founded upon any supposed equity between the parties, or appeals to the jurisdiction of this court as a court of equity. And probably there is no question in the case to which the principles peculiar to a court of equity are applicable, although at first view I was inclined to think that if the plaintiff is entitled to recover, there might be some considerations purely equitable which should regulate the damages in such a case.

The material facts in the case may be thus stated : The plaintiff consigned the goods in question to Coates & Co., of London, commission merchants, on the 12th Oct., 1847, (invoice dated 5th,) for sale in New York, through their agent here, and with instructions to sell them at public or private sale, and procure quick return; at the same time receiving an advance of £200 in money, and shortly thereafter two acceptances amounting to £300. Coates & Co. thus became the plaintiff’s factors, authorized to sell through their agent, in his or their discretion, in either of the modes prescribed by the instructions—and having an interest in the goods to the extent of their advances, and a lien thereon for the amount of such advances, with the expenses and charges of shipment and sale in New York, together with the usual commissions, [15]*15and an “ extra commission ” of 21 percent., stipulated in their favor by the terms of the consignment. Upon these facts alone, it is conceded on all hands, that so long as Coates & Co. in good faith proceeded to execute the commission with which they were charged, the plaintiff could not control nor lawfully demand the goods, without paying or sufficiently tendering to his consignees the whole amount advanced, (either in money or the acceptances if unpaid,) with all charges and the commissions earned, or which they had a vested right to demand if the plaintiff withdrew the consignment.

On the 23d of October, for the purpose of raising money for their own use, and intending to obtain an advance from George Peabody, of London, Coates & Co. prepared a letter, enclosing bills of lading for the goods in question and other goods, with instructions to their agent in New York, (Roberts,) to remit the net proceeds to George Peabody, sending account sales to them. This letter was exhibited by Coates & Co. to Peabody, and in part consideration of those instructions, and on the deposit with him of the duplicate or copy of the letter, Peabody, on the 30th day of October, advanced to Coates & Co. £2,000.

By another letter of the same date, (23d Oct.,) E. J. Coates, one of the firm of Coates & Co., instructed their agent, Roberts, to pay to the defendants in this suit, (who were agents for Peabody,) all cash, and to deliver to them all bills he might hold of theirs, (Coates & Co’s.) to be held by the defendants for collection, under orders to transmit the proceeds to Peabody for account of C. & Co.

By still another letter of 23d Oct., Coates & Co. enclose to Roberts invoices of the goods in question, in which they apprise Roberts of the amount of their advances upon these goods, and in substance, that they are not owners, and they then repeat their previous direction as to the proceeds of sales, by referring him to the letter covering the bills of lading above referred to.

By letter of the same date, 23d October, Peabody enclosed to Roberts, his principals’ letter of instructions of that date, [16]*16enclosing the bills of lading of the goods in question, and other goods, and for his own security, desired of Roberts his acknowledgment of their receipt, and his agreement to conform to the instructions respecting the remittance of the proceeds to him.

On the 3d of November, Peabody, by letter of that date, requested Roberts to conform to the directions of the defendants, (his agents,) in regard to remitting the proceeds or sellibg the goods, receiving the defendants’ orders “ the same as though they came direct from him.” (This letter was apparently preceded by a telegraphic dispatch from Peabody to the defendants, dated November 2d, 1847, urging them to obtain from Roberts a transfer of the bills directed to be delivered to them by Coates’ letter, above mentioned, which dispatch does not refer in terms to the goods in question, but was calculated to stimulate the defendants to activity in protecting Peabody’s interest.)

Very shortly after the receipt of the last named letter, to wit, on the 18th or 19th November, Roberts endorsed to the defendants, for account of Peabody, the bills of lading for the goods in question, which had' not yet arrived here; thus giving up the whole control of the goods arid the direction of the sales to them as Peabody’s agents.

The goods arrived in New York in December, and on their arrival, the plaintiff’s agent demanded from Roberts the goods in question on behalf of the plaintiff, and offered to pay all legal charges and liens; to which demand Roberts answered that he could do nothing about it.

On the 11th December, the plaintiff’s agent called upon the defendants and demanded the goods. The defendants refused to give any information respecting the goods, denying that any goods had been sent by Coates & Co., and said they did not know Coates & Co. Again, on the 13th December, plaintiff’s agent renewed his demand, and offered to pay all advances, expenses and charges on the goods. The de-defendant, Cryder, replied, that his firm had made no advances ; that he did not know what advances had been made, [17]*17and refused to deliver up the goods, but admitted that the goods had been received by them, and that they had the goods. At this interview, no money was produced. The witness making the offer had no money, and did not know the amount. And it is equally clear upon the evidence, that the defendants had no knowledge, nor means of knowledge of the amount, except to the extent of the charges contained in the invoices referred to in Peabody’s letter, and possibly the freight to be paid according to the tenor of the bills of lading indorsed to them.

It appears by the account of the defendants, that the duties on the goods, and the freight and cartage, were not charged until the 14th and 17th December, which were after the above demand, although at the time of such demand the defendants admitted the goods had been received, and that they then had them; whether they had been landed or not, does not otherwise appear.

This somewhat minute statement embraces all the facts which appear to be material to exhibit the relations of the parties and their respective claims to the goods in question, though after the advance made by Peabody of the £2,000, on the 30th of October, various amounts were received by him from Coates & Co., or for their account, from the securities received pursuant to the foregoing instructions. But as no specific appropriation was made by the debtors of these payments to the advance of £2,000, made on the 30th October, in part reliance on the proceeds of these goods, I apprehend that fact is not material, since the whole £2,000, and much more, appear to remain still due to him. Indeed, the whole tenor of the transactions between him and Coates & Co.

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Cite This Page — Counsel Stack

Bluebook (online)
1 E.D. Smith 7, Counsel Stack Legal Research, https://law.counselstack.com/opinion/walther-v-wetmore-nyctcompl-1850.