Matthews v. Their Creditors
Matthews v. Their Creditors
Opinion of the Court
This case differs from that of McKenzie v. Matthews, Finley & Co., just decided,, in only two of its features.
In this case it is admitted that the deposits made by Terry & Simpson were ordinary or irregular deposits. For the reasons given in the former case, the defendant cannot be considered as “ unfaithful depositaries ” who, according to Article 2992 of the Civil Code, are precluded from the benefit of a surrender.
But it is contended, in the present case, that the defendants, although they have made a surrender, are liable to the penalties of the Act of March, 28th, 1840, entitled “ An Act to abolish imprisonment for debt,” because they have failed to pay over money received or deposited with them for another.
It becomes unnecessary to pass upon the hills of exceptions to the Judge’s charge, and to his refusal to charge as requested; for, giving the opponents the benefit of a proceeding under the Act of 1840, we have decided in the recent case of Sims v. Bean, that the terms of the 10th Section of that Act do not embrace the case of a banker who receives irregular deposits and becomes insolvent before they are drawn out by the checks of the depositor, and against whom no other charge is made than his failure to pay over the amount of such irregular deposits — after insolvency.
Judgment affirmed with costs.
Case-law data current through December 31, 2025. Source: CourtListener bulk data.