Sanford v. Fourth National Bank
Opinion of the Court
The plaintiff, in substance, alleges that she was on the 14th of November, 1890, the owner of 100 shares of the stock of the Adams Express Company, that on that day one Albert H. Smith stole the certificate-representing those shares, and borrowed money thereon from the defendants-Ferris & Kimball; and that she has demanded the certificate from Ferris. & Kimball, but that they have refused to give it to her. Upon these averments she demands judgment that Ferris & Kimball be required either to-deliver the certificate to her, or to pay her its value. Having thus formulated her case against É’erris & Kimball, she proceeds to state that Smith’s firm deposited the money which he so borrowed from Ferris &Kimball in the defendant bank, and on this latter averment she demands a further judgment that, in case she fails in her action against Ferris & Kimball, the bank be required to pay her the amount so deposited. This novel complaint is sought to be justified and sustained by the frank avowal that the case is troublesome, and that the plaintiff is not quite sure how she is “coming out” in her action against Ferris & Kimball. So she thought it best to state all the facts and leave the court to work out for her a safe result. This is carrying the “plain-statement” heresy, begotten of the Code, that the plaintiff may simply tell his whole story in his own way, and on it ask what he wants, to a somewhat grotesque extreme. Thedifficulty is that the plaintiff has stated an apparently good cause of action against Ferris & Kimball. That necessarily involves an election to pursue her stolen property. She cannot have both her property and its proceeds. Before she could have any possible claim against the bank, she was bound to elect, and, if she elected to follow the proceeds of the theft in the hands of a third party, she thus ratified Smith’s act in borro wing the money from Ferris & Kimball, and acknowledged the latter’s title. Bu.t she has done the very reverse of this, and consequently she has no cause of action against the bank. At all events, there is no such .thing known to-the law as “an alternative cause of action,” such as is here pleaded. The complaint must state facts constituting some present cause of action against a defendant. It will not do for a plaintiff to say that, in case of defeat with re
Case-law data current through December 31, 2025. Source: CourtListener bulk data.