The daily exchange. [volume] (Baltimore, Md.) 1858-1861, 1860-04-28
IMPORTANT LAW CASES.

MARINE NlSk-ln the supreme judicial Court
of Observation-Disclosures County Law Term
January, 1850 In the case of Samuel II. Gookin
rs. New England Mutual Marine Insurance Com
pany, it was decided:
lst-In an action upon policy of insurance on
vessel for one year, commencing the risk on the
9th ofMay, 1854; and ''if at sea on the expiration
OF the year, the risk to continue at pro rata pre-
mum until her arrival at port of destination" it
was held that the proper construction of such pO-
hey was that if the vessel was, the expiration of
the year, in any port, if then at sea upon her re-
turn to port, although it was an intermediate port
TO which she had resorted for the purpose of the
voyage and not her home port, or port of final
destination, the policy ceasd to be effectual and
would not cover loss subsequently occurring
2nd-The vessel thus insured having gone to San
Bias, and there obtained license to take in a
cargo OF Brazil wood at Ypaa, where she arrived
eight days before the expiration of the year. and
there remained actually engaged in taking in her
cargo for nine days and while thus remaining there
alter the expiration of the year, was lost. 1t was
held, that such vessel was not at sea at the ex-
piraton of the year, and the insurers not liable for
the loss.
Before the Supreme Court of New York, in the
case of the Cumberland Coal and Iron Company ps
Sherman, Dean Postley, it was decided
Frat-lt may be considered as settled law that
all trustees, as well public as private, are in
capable ofpurchasing the trust property for their
own beneft, either directly Indirectly. Second
trustee cannot contract with himself or with
several trustees of which he is one, or with board
OF trustees of which he is one, without having
his contract liable to be set aside if in any reason
able time his cesta que trust chooses to say he is not
satisfied with it. Thtrd--A trustee who purchases
directly from his cestuj que trust, who is si jurls
or whose contract is afterwards confirmed by the
cest"' que trust, must act in every particular with
hrmneSs and entire candOr either the sUppress,t
reri, or the suggestjo fdlsi will avoid the sale or
contract. FoHh-Hence, where A was director
and manager in one corporation, and made con-
tract with such corporation on behalf of and for
another corporation wherein b was the ostensible
and active manager, but A himself the real and eff
fective party, by which contract substantial benefit
was conferred upon the latter corporation by with
holding some material facts from the stockholders
of the former corporation, by which they were in
duced to confirm AS contract, it was held that such
contract could not be sustained, aud an Injunction
was granted
MARINE LoSSEs.-ln the Court of Queens Bench
in the case of Lozana Janson. we have deci-
sion OF Marine Insurance case, under an abandon
ment for total loss arising from seizure on suspi-
cion OF slave trading. The owner of vessel and
goods on voyage to the west coast of Africa. in
sured the goods; both vessel and cargo were seized
on suspicion Of being employed in the slave trade;
the owner abandoned the goods to the wnderwri-
ters. decree of condemnation entered in the
Vice Admiralty Court of St. Helena, and the assu-
red appealed to the Privy Council. who reversed
the decree some years after it had been rendered,
and ordered the goods to be restored. Among the
perils insured against, were takings at sea,
rests, restraints and dcaner of all goods of what.
saever kind Ucid that the arrest must be conclu-
sively deemed unlawful, and the abandonment
therefore proper; and that the decree of restitu-
ton, after such lapse Of time, would not reduce
the loss to partial one.
THE CmctssIAN ExoDUs.-The journal de Posen
says that since the paciiicatiOn of the Caucasus
most of the mountaneers leaving their couu-
try in large masses. The last news from Odessa
informs us that G5 600 Circassians came to Con
stantnople through Anapa and Kertch. Two
thirds of them sent to Asia. The emigration
of that unhappy nation is continually Increasing.
There came recently to Constantnople 900 men
via TrebiZOnd and from Erzerum; there are com
ing $50 warriors from Daghertan, which will be
followed in the spring by 10000 Lesghians, with
their cattle, their fortunes, goods and families.
RUSSIA ON THE Treaty or lSl5-The Russian
newspapers are very busy about the general affairs
of Europe. The Northern Bee, which, after the
change of the editors, passed into the Liberal
camp, maintains in of its editorials, that the
treaties of 1915 have made their time and outlired
themselves. 1t ridcules the idea of the eternity of
treaties. Generally, the Russian press betravs the
hate for Austria. The Petersburg Nelgs calls the
reunion of Savoy to France as very dangerous for
Switzerland, supposing that all the great Powers
must disapprove of that annexation.
CONNECTICUT INTEGRITY.-A Connecticut paper has
paragraph which gives onea curious idea of the
lankee integrity prevalent there. 1t appears thata
poor but honest man offered 81 5Or his vote at
the recent election, but the brihc was spurned-
No sooner did this strange sel-denia come to the
knowledge of the mans friends than they "sent
him barrel of flour, 100 pounds of meal a bushel
of rye, with perhaps some other things, with the
additional assurance that he or his will never know
want while there beats a heart that honors noble
deeds among his townSmen." Such demonstrative
admiration is suspicious.
OuAKERs DISAPPEARING IN hNGLAND.-It is said
that the Quakers are gradually disappearing from
England Two hundred years ago their proper
ton in Great Britain was about one in every one
hundred and thirty inhabitants At present they
do not count one in thousand. There is a collec-
tion of old Quaker tracts preserved in the Bodeian
library, with note written upon them bv an OK
ford professor, stating that he had collected them
and placed them in the library, so that persons
who should wish in after time to know what the
belief of the Quakers was, could find the statement
OF their tenets in their tracts.
vIs1roRs TO THE MILITARY ACADEMY At WEST
PoINr.-The following gentlemen have been ap-
pointed visitors for 1867 New Hampshire, Prof.
J. S. Woodman; New Jersey, Edward A. Stevens;
Delaware, VictorD Pont; Virginia, VIM. E. Jones;
Kentucky, George 7. Wood; Tennessee, Col John
IL. Howard; Indiana, DR.. John A. Skinner; Mis-
souri,, Gen. ID. NJ. Frost Arkansas, Judge Floyd;
Texas, Gen. John S. Good; California, Edmund l..
Good
The New Orleans Picayuae notices the attempts
making, with much success, to attract shipments
of cotton to eastern States by an overland route,
via Memphis and the Mississippi river, butt not
seriously apprehensive as to the effect on New or-
leans 1t advises, however, that sPeclal euort
should be made to relieve shipping at Ne" orleahs
of all unnecessary expenses.
William C. Hubbart of Clyde, N. Y, was ar
rested by Deputy United States Marshal Shattuck,
in Syracuse, N. Y, on Monday, on charge of
opening a letter directed to another person.
The Parkersburg (ya.l Ne,cs estimates the
damages at that point by the late rise in the river
at from S25 900 to $4,000. The water rose 5S
feet inches above low-water mark.
The prospect of the peach crop for 1860 is very
promising, and owners very sanguine of OBJ
tanning penteous and healthy yeld.-Trenton
American.
The port of Buffalo is open at last. On Satur-
day evening, three propellors of the Central Rail
road line started out.