Allegheny By-Product Co. v. J. H. Hillman & Sons Co.
Allegheny By-Product Co. v. J. H. Hillman & Sons Co.
Opinion of the Court
Opinion by
This appeal is from the same decree as that considered in the preceding case, and a repetition of the facts involved is unnecessary. It will be remembered that the output of the plaintiff was sold through the defendant, and the transactions were in most cases evidenced by-contracts covering periods of six months, and known as C, D, E and F. In form these agreements were sales of
It is frankly admitted by the appellant in its argument that the prices obtained under contracts C, D and E were fair at the time of the making, but it is insisted that delays in shipment worked for the benefit of the defendant, since the price of coke during the period covered was constantly ascending. It has been found that the arrangements were in good faith, having for their purpose solely the protection of both plaintiff and defendant, and for this reason an accounting was refused, though the agent was directed to repay the freight differentials retained, and certain wage advances received. These findings of fact are justified by the evidence of record, and are not therefore to be disturbed upon appeal. Though the agent must account to his principal, and must not ordinarily buy for himself, yet
One other contract, known as F, stands on a somewhat different footing. Prior to the governmental order fixing the maximum to be charged for coke during the war period, at $6 per ton, the defendant company had entered into an agreement to sell a certain quantity at a larger price, and, under the proclamation, such contracts remained enforceable. All sales subsequently made were limited to the sum named, and it was declared unlawful to ask a larger amount after the federal regulation became effective. The defendant entered into the contract in question, and used the coke received thereunder in fulfillment of its prior agreement, and received therefor the consideration stipulated in its contract, which was in excess of $6 per ton. It would have been legally impossible for the plaintiff at the time contract F was entered into, to sell its coke for more than was paid to it, and as a result the court below concluded that no accounting for a larger price could be demanded. It did not appear that the defendant, when it made its arrangements with the purchaser, was acting in the transaction for the plaintiff, and it is to be remembered that it was generally engaged in the business of buying and selling coke and coal for its own account as well as for others for whom it was agent, a fact known to the plaintiff company. Under these circumstances, the conclusion reached by the court below must be sustained.
The assignments of error are overruled, and the appeal is dismissed at the cost of appellant’.
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