The New York herald., 1845-04-21
Vice Chancellorss Court,

Before Lewis II. sandford Assistant Vice Chancellor
Thomas stesOsyi ct al Contract to receive
200 shares eapenCsnai Ssek This suit brought
cute bill Of sale Of interest owned In the ship
can From ths testimony taken before Master in Chan
in the latter part Of May lss4 to ,hs nomna;nants by
Robert Cors OF 81 Beaver street. At that period ope.
rsior in the stock in question, the said Cors keeping
account with complainant and also with Chapman Co.,
the sellers OF loo shares the parcel OF 400 shares
in su and the said Cores tesnes that the period the
and deposit Of FIVE hundred dosrs made with complain.
ants by the defendant, and that few days
bought through him by the defendant directly Of
companants, he does not recollect; but he recoecs
ant that he would like 10 have another one hundred
shares bought for the stock cheap ct the first price
that he consasred good stock I. the tims was hold
Ing it, and buyer at 70 per cent, his account
The defendant his answer, acknowledges ordering 200
shares to be bought but that he totally
the existence Of such stock until he called upon by
the witness Cors about the time the purchase wa made
was deceived by the said Corss when he induced
give his consent so lar he did consen and that The
groundles and deceptive and were calculated to mis-.
lead and did msead defendant; and that after the pur
the stock wa. Smost' not s' ensirey WORTH ah.
less and had substantial and permanent basis Of
chase which was about week sftsr The rst Uurohase
the compainans obtained through the agency Corss
possession Of title dsedtmads to the defendant for
snare OF the ship Duncan. accompanied by note, by
which the defendant agreed depose the paper with
complsnants ION their holding subject to his order for
sale 200 shares New Haven Canal stock" The share in
the vessel was valued at $1,000 The stock
alter wards rapidly deprecated, until reached 70 per
cent or less, in few weeks at about which price has
been stationary Tho compliments called upon defend
ant TO receive the stock execute lien them
vessell which wss refused Several Witnesses, whose
testimony 10 not very important. exsmned, from
which appeared the stock reached 10 per that
period at which small parcel sold and it dropped
to about 20 cent? that upwards Of about 5000
were held at that period and the larger proportion still
held by Arm Of stock brokers' for Of them
selves and Others ond upward OF 5000 shares anoth
or Arm that the whole stock Of the canal consists Of
l20 shaes only divided into shares OF $26 each; and
also is shown that the compliments pledged S6o shares
about the 9Th Of July last for loan Of e00 which would
place the sock worth about 81 20 per share about
per although witness testfes that il would have
brought more at the Board
The compliments make point before the Chsnceller
that they the purchase account of the defend
ant, of 400 shares, and entitled to be paid the full
amount Of the purchase money, with interest they also
urge some minor points.
The Vice Chancellor decided, that the complanants
have lien the vessel and that the stock thereof be
sold by master in chancery aud also the 400 shares
New Haven Canal stock be also sod and proceeds
paid 10 comrlsnans to amount Of their claim with
That the compliments not entitled to the ssrnings Of
the ship but have decree for any deficiency against
defencspt