Wessel & Co. v. Weber
Opinion of the Court
Stevens & Co. were a firm doing business at Stioals, Indiana. Wessel & Co., a firm doing business in Cincinnati, advanced to Stevens & Co. some $6,000, to be used in cutting pork, Stevens & Co. agreeing to ship to Wessel & Co. all the pork they should cut, Wessel & Co. to
Under this state of facts, it is admitted by the counsel for Weber, that, as' between Stevens & Co. and Wessel & Co., the title was in Wessel & Co. But they claim that as between Stevens & Co, and their creditors, inasmuch as Stevens & Co. retained the receipt of the railroad company, which they say is like a bill of lading, the title was still in Stevens & Co. after the goods were shipped. They claim that Stevens & Co. could have transferred this receipt or bill of lading for advances on the goods to third parties, and with the receipt have transferred the title to the goods.
There is no dispute, then, between the parties as to what the law of the case would be, had not Stevens & Co. retained what, for convenience, we will call the bill of lading. Nor could there be any dispute, it always having been held that a shipment of goods, made on advances, accompanied by a letter informing the consignee of the shipment, vested the title in the consignee from the time of the shipment, although the goods never reached the consignee, and although
"What, then, was the effect of Stevens & Co. retaining the bill of lading ? It is admitted that so far as Wessel & Co. were concerned, the letter answered every purpose. Of what legitimate use, then, could the bill of lading be to Stevens & Co. except as receipt against the railroad ? It is admitted, also, by counsel on both sides, that the title can not be in two places at the same time, one of the counsel, claiming that there are two things which are indivisible, to wit: sovereignty and title. How, then, can the title be in Wessel & Co. and not out of Stevens & Co.? And if it be out of Stevens & Co., how can any creditor of Stevens & Co. reinvest them with it for the purpose of taking it away from them? The title must be somewhere. It is admitted that until some creditor interfere, it is in "Wessel & Co.; that so far as Stevens & Co. are concerned, it is undoubtedly in "Wessel & Co., and this admission disposes of the proposition that it was in the power of Stevens & Co., by an indorsement or pledge of the bill of lading to transfer the title to any one in any way after the shipment of the goods and the mailing of the letter, to Wessel & Co. Such indorsement or pledge of the bill of lading would not be the act of any creditor of Stevens & Co.; it would not be a matter existing between Stevens & Co. and his creditors.
We are referred, by the counsel for "Weber, to the case of The Irving National Bank of New York v. Emery & Sons, 1 Superior Court Reporter, 76. "We do not see that this case in any way bears upon the present. There, the shipper, on the same day that he shipped the goods from New York to Emery & Sons, at Cincinnati, drew on Emery & Sons, and had the draft discounted by the bank and deposited the bill of lading with the bank as security. The shipper was indebted to Emery & Sons, but it is not claimed that they had made any advance on account of this particular consignment. The consignment was not intended by the shipper
We are satisfied that the shipment to Wessel & Co. and the mailing of the letter to him, under the.circumstances of their advancement to Stevens & Co., vested the title in Wessel & Co.; and that neither Stevens & Co., nor any creditor of theirs, had any authority to interfere with such title.
The motion for a new trial is overruled and judgment rendered, on the finding, of one cent and costs.
Case-law data current through December 31, 2025. Source: CourtListener bulk data.