Sturdee v. Cuba Eastern R.
Opinion of the Court
The entire controversy turns upon the question whether the claimant, John E. Berwind, obtained a valid attachment of the fund of $7,390 in the Knickerbocker Trust Company. This fund came into existence as follows: On October 21, 1907, pursuant to an order from the National Bank of Cuba, the Park Bank of New York drew its check for the above amount in the. following form:
“Cashier's Check.
New York, Oct. 21, 190T.
Pay, to the order of Knickerbocker Trust Company, New York, for H. M. De Lanoie, a/e Sims, seventy-three hundred ninety 00/100 dollars.
H. B. Bailey, Fred. O. Foxcroft,
Acc’t. Ass’t. Cashier.”
On the same day this check was deposited in the Knickerbocker Trust Company by De Lanoie to his credit. On October 22d, the Trust Company suspended payment. Very soon thereafter De Lanoie drew his individual check, dated October 21, 1907, on the Trust Company for the said amount to the order, of the Cuba Eastern Railroad Company and delivered it to the comptroller of that company. On November 4, 1907, De Lanoie, by written instrument, assigned his account in the Trust Company, to the extent of said fund, to the Railroad Company.
_ So far as the Trust Company is concerned, it could not legally have paid out or transferred the fund except upon De Lanoie’s order. He was the only creditor .the Trust Company knew and until it received an order from him, it was its duty to keep the deposit in his name. The attachment of the property of the Railroad Company did
The special master has given careful consideration to all the questions in issue and we deem it unnecessary to add further to the discussion of the questions of law and fact found iz his report.
The order and decree are affirmed with costs
Reference
- Full Case Name
- STURDEE v. CUBA EASTERN R. CO.
- Cited By
- 1 case
- Status
- Published