Canfield v. M'Laughlin
Canfield v. M'Laughlin
Opinion of the Court
This case was remanded to the district court, in February last, where it was decreed, that the plaintiff recover from the defendant $358 7 cents. &c. and that “the claimants, having bonded the cotton shortly after the attachment, and sold it at the then market price (being a higher price than could
The statement of facts refers us to the record of the case, as it stood before us in February last, and to the following deposition.
Mathews, a witness for the claimants, deposed, that they are the defendant's factors; that, at the time the cotton was attached and bonded, he was indebted to them, in the sum of $ 4,500.
On his cross-examination, the witness declared, that the account of the defendant with the claimants, after crediting him with the proceeds of the cotton, is balanced; that since the attachment, the claimants have received from the defendant, 105 bales of cotton; ten of which the witness has delivered to Beatty & Greeves; and three to B. Levy & Co., for debts due them, and which they had commissioned them to receive from the defendant; that the net proceeds of the
It is clear to me, that the claimants having a lien on the cotton attached, they are only accountable on their bond for the balance that may remain in their hands, after the payment of the balance due them. The evidence shews, that at the time of the attachment, and of the delivery of the cotton to them, on their bond, that balance was considerably above the value of the cotton. Had this been known at the time of the attachment, the cotton ought not to have been taken from them. Since they had a lien on it, they well might, on its return into their hands, sell it to pay themselves ; this they have done, and it is not contended, that it was unfairly done. The condition of their bond was, that they should abide the order of the court, i. e. deliver the cotton or its value, if it appeared to the court that they had no legal claim thereto.
It appears, that seeing the cotton attached w as not sufficient to cover their claim, they
I do not know that they were bound to retain, or even could have justified themselves in retaining, any property of the defendant, which came to their hands, after they received the cotton from the sheriff.
Nothing prevented the claimants from purchasing other cotton from the defendant, and paying him cash therefore. Their agent, instead of paying cash, gave a draft on the claimants, which they had previously bound themselves to accept, and which, when they were informed of its having been given, they promised to honor. It is not probable that any cotton could have been obtained by the claimants, beyond the amount of their claims, without paying cash, or giving the equivalent.
I think the judgment of the district court should be affirmed with costs.
Concurring Opinion
I concur in this opinion. The claimants had a privilege and preference on the cotton attached, at the time of levying of the attachment, to an amount exceeding its value, and it does not appear to me, that any thing has occurred to destroy their lien.
Reference
- Full Case Name
- CANFIELD v. M'LAUGHLIN
- Status
- Published