New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1859-06-25

The recent decision by Judge Hogeboom in the case
of Outwaer agt. Trayers and jerome. strikes Us as
one of the most just and equitable within our reco'-
lection. The simple facts Of the case, as developer
by the ev.deIce, are that Outwater, the piaihtiu,
employed Travers and jerome to sell Central short,
aud to fill other orders for him in the stock market,
dcpositng with them, to cover any loss which might
ensue, the SUN of $4,000 The result OF the opera
tions was loss which the defendants deducted from
the deposit and settled the balance by their check
The plaintiff, however, grieving at the unlueSy
result Of his ventures finally concludes that, under
cover of the law, he may possibly shit the
loss upon his brokers, and hence brings the ac-
tion to recover the full amount Of his depos-
It's The Court, notwithstanding, decides that the
p,rtv who should suffer the loss is the principal
and not the agents, and Outwiter Is permitted no,
only 70 withdraw but to pay costs Of the suit. The
disposition to shrk stock losses by principals in stock
trans actions was quite common before the passage OF
the act Of the Legislature legazing time contracts,
and this is one of the first where the decision
has not favored men DESTROYS of sueaking out OF re-
.ponsibiies voluntarily assumed Eoutsiders choose
TO speculate in stocks we know of good reason why
they should not be held to the strict letter of their
ragements and we are not sorry that, for once at
lelst this idea has been entertained by Court OF
Justice even to the disappointment Of the chvarous
plaintiff in this case.
The latest adviees from the Minnesota and Rockland
mines are very favorable. The official returns for
Nav have not been forwarded, but the mining agent
estimates above 1870 tuns for the Minnesota and 80
tu1s FOR the Rockland. The Minnesota promises TO
increase It's product quite rapidly, and shows con-
tIuous richness in tie lowest level, in masses aud
barrel work. II il estimated that the morthy product
win run up to $50 and 100 tuns during the Summer.
The fourth level of the ROckand displays the richest
ground yet reached in the mne and the appearances
are that the vein progresses in depth It will corre-
spond with the same lode now worked on the Minnesota
location. The case which has been in litigation be-
tween j. II. Titus and the Minnesota Company has
been recently decided in favor Of the Mining Company.
The decree of Judge Green in this case is as follows
This having heretofore been brought be heard upon
the pesGnEs flied proofs taken therein, and the said
peadpss and proofs having bee read and NJ Good vim aud Mr.
Lothop Of e.ans Tor the complainant and M Ho yard Nh
been heard and the Court having duly considered The said plead
proof. and arguments It ordered adj udsed aud decreed
that The sid companan' bill Of complaint Ia h, cause be- aud
the hereby dismissed Aud it further ordered judged
and decTee ha; the sad complainant DO pay 70 the defendant
S. NJ GREEN, Circuit Judge Sixth JUDICIAL Cirenit
81 ca, ~, 5i ~ , 1 ,; oe ,b aag I A. "a. 1. now
made vacation be filed sud entered as Of the last day Of the
. preceding Of the Court and the Register of said Court
5. NJ GREEN, Circuit Judge SIKH Jadi;isl Circuit.
The Cincinnati Gazette OF the I'D lnst. says:
"The Trustees of the Ohio Life Insurance and Trust
Company preparing TO declare a dividend, and
creditors are notified 10 present end prove their
counts, as required by law
In regard to the Minnesota State Railroad debt Tie
Chicago Tribune says:
Up to this time there have been issued to the Rail
road Companies, as informed, State bonds 10
the value Of about g. 600 000 Some of the. bonds
have been deposited collateral security for the loan
OF money at from ~ to - b OF their face. Some
CT them have been paid over to professional lobby
agents, some have been paid 10 retiring Directors TO
get them out Of Boards where other waited and
some-about $500 00o-have been Used as a. a bank
ing basis at % cents the 81. There is evidence
that single bond has ever been sold. While bonds OF
the State OF Minnesota issued for other purposes
worth 81 " IN the NewIork market cap taiss there
refused 70 touch the batch loaned to the railroads
az any price whatever. II thrown upon Wall street
without reserve, there il no probability that they
would realize lO cents on the 81. Yet here il
circulation Of nearly 100000, forming the chief
repcy Of Minnesota, based upon bonds of this char
scter, valued a. % cents on the Al. II was the
nteluon Oi the punderers 10 issue currency for the
whole batch Of - 10000 bonds a. fast as received
from the State In ordinary times perhsps they would
have succeeded in doing but under the influence of
continual financial depression the bubble has burst
sooner than they had expected, aud /, j. hoped that
the game Is not ouly blocked, but that it will stay
blocked"
The Court # appeals Of Kettucky mas affirmed the
decision Of the lower Court 10 tue case of Graham Il
Knox sgt- the Cry Of M.ysve. This was au ap-
picati'n upon The part of the plaintiff. holioy CERTAIN
bonds Of tie CLy cf Maysyile, issued in p.rt pay
nsnt Of t' subscription 70 TIE eipital stock % the