Waters v. Central Trust Co. of New York

U.S. Circuit Court for the District of Southern New York

Waters v. Central Trust Co. of New York

99 F. 894, 1900 U.S. App. LEXIS 5069

CourtU.S. Circuit Court for the District of Southern New York

DecidedMarch 1, 1900

StatusPublished

This text of 99 F. 894 (Waters v. Central Trust Co. of New York) is published on Counsel Stack Legal Research, covering U.S. Circuit Court for the District of Southern New York primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Waters v. Central Trust Co. of New York, 99 F. 894, 1900 U.S. App. LEXIS 5069 (circtsdny 1900).

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Opinion

COXE, District Judge.

The complaint alleges that in April, 1898, in an action in which Lumin A. Andrews and others were plaintiffs and the Pittsburgh, Akron & Western Railroad Company and the Central Trust Company of New York and others were defendants, the court of common pleas of Summit county, Ohio, duly adjudged that the said railroad company was indebted to the Carnegie Steel Company and others in the sum of $100,379, which sum the defendant, the Central Trust Company, which was a stockholder in said railroad company, was directed to pay to the plaintiff herein, Frank H. Waters, who was, by said judgment, appointed receiver to collect and disburse the same. The complaint alleges further that prior to the commencement of this action the Carnegie Steel Company and the other creditors of the said railroad company mentioned in the Ohio judgment duly assigned their claims against the railroad company and trust company to the plaintiff. The complaint is demurred to upon the ground that two causes of action are improperly united, namely a cause of action in favor of the plaintiff as receiver and a cause of action in favor of the plaintiff individually as assignee of the claims against the defendant.

The plaintiff does not sue as receiver, but as an individual. The action is on the Ohio judgment. When this is proved the plaintiff’s right of action is established. Newberry v. Robinson (O. C.) 36 Fed. 841, and cases cited. It is thought that the pleader might have stopped at this point with safety, but he has seen ñt to allege that he holds assignments of the other claims against the railroad and is now its sole creditor. Conceding this allegation to be unnecessary it does not state a separate and distinct cause of action. It may be true that the defendant is not interested in knowing what becomes iff the money after it is paid to the plaintiff, but it is also true that the defendant is not injured or misled by the information. One holding the legal title to a chose in action is not precluded from maintaining [895]*895an action at law because he happens to hold the equitable title also. By no possibility can the cause of action be misunderstood and it is thought that the court is not justified in permitting further delay. The demurrer is overruled. The defendant may answer within 20 days.

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COXE, District Judge.

The complaint alleges that in April, 1898, in an action in which Lumin A. Andrews and others were plaintiffs and the Pittsburgh, Akron & Western Railroad Company and the Central Trust Company of New York and others were defendants, the court of common pleas of Summit county, Ohio, duly adjudged that the said railroad company was indebted to the Carnegie Steel Company and others in the sum of $100,379, which sum the defendant, the Central Trust Company, which was a stockholder in said railroad company, was directed to pay to the plaintiff herein, Frank H. Waters, who was, by said judgment, appointed receiver to collect and disburse the same. The complaint alleges further that prior to the commencement of this action the Carnegie Steel Company and the other creditors of the said railroad company mentioned in the Ohio judgment duly assigned their claims against the railroad company and trust company to the plaintiff. The complaint is demurred to upon the ground that two causes of action are improperly united, namely a cause of action in favor of the plaintiff as receiver and a cause of action in favor of the plaintiff individually as assignee of the claims against the defendant.

The plaintiff does not sue as receiver, but as an individual. The action is on the Ohio judgment. When this is proved the plaintiff’s right of action is established. Newberry v. Robinson (O. C.) 36 Fed. 841, and cases cited. It is thought that the pleader might have stopped at this point with safety, but he has seen ñt to allege that he holds assignments of the other claims against the railroad and is now its sole creditor. Conceding this allegation to be unnecessary it does not state a separate and distinct cause of action. It may be true that the defendant is not interested in knowing what becomes iff the money after it is paid to the plaintiff, but it is also true that the defendant is not injured or misled by the information. One holding the legal title to a chose in action is not precluded from maintaining [895]*895an action at law because he happens to hold the equitable title also. By no possibility can the cause of action be misunderstood and it is thought that the court is not justified in permitting further delay. The demurrer is overruled. The defendant may answer within 20 days.

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Bluebook (online)

99 F. 894, 1900 U.S. App. LEXIS 5069, Counsel Stack Legal Research, https://law.counselstack.com/opinion/waters-v-central-trust-co-of-new-york-circtsdny-1900.

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