New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1866-02-24
LAW INTELLIGENCE.


LAW INTELLIGENCE.
SUPREME COURT-sPscr,L IERr-Bs!ofe Justice svrn
ERLA'p.
AN INTERESTING QUESTION or FRAUD-DUTlEs OF
DIRECToRs AND TRUSTEES OF STOCK COMPANIES.
AT ceorss il. DsEiorb and JDIne, A. Williamson.
4 very interesting case with tho above title has
occupied The Special Tern q the supreme Coar. during The
oysr when be- died owned Id shares Of stock in The
Natousl BlnS Note Company on wi,h there va, ien OF
nesriy $780, that the Company was mainly i"nea ~
seven persons, each Of whom took charge OF some de-
parment Of ihe business u ne .SmpAny un'I we
Glover Denforth AMI H. b. Oakley were three Oakley
being bis lifetime President of the Company That these
aud t SURVIVOR with on, shepard hsd osen e dss
conductors II the business That when Glover died N l6b2
add down the .e Il hs stock b. the plaintiff IN Dec 81
1851 this stock not IN tie market and The Company had
declared no dyld.ud That there however large
cumnaon OF TIE Of the sale ia the Complnys
Company At that time except tht they had paid dividend
Ths defendant being Trustee fully acquainted with tins
gs'Iserr Of 'Is cnd Of 9 Gloye shi
That he sach friend shed advance tie pecunary inter
S S, Of & ga Ti SSs Rf b '1iI 21 rs ps5
f p.h tho next bnuusl election On tho 18th Of Jan
and he ives wiling give it to secdre th't purpose lie
represented that IL generous offer aud such ono as he
ma kspn. ht. superior Wedge to himself and max
ug the.e be ind .ce the ant 20 eel them
a, The price named and them stock by blank assign
crt. sbicb ere bseq ,ni, flied ~ with ,ho OF
h tsnd.r, W,ii,,m.on. IN, Viism,on was however
for Dinorth who u retained the control OF II
that within 10 the transfer the Company decsred
dividend. Amounting per aud jolly 1854 another
dend Of 20 per cent snd vi en- IN. action was commences
were ready to decore another dviJor ,La n making
the purchase Danio,h desired concea hi, masking such
purchase from the other lTl.tcss aud oeta NED on'e to
hat effect ,a the plaintiffs that the pllutf I'D however
nrke some Inquiries bat failed obtain any inform alton;
that a, be obtained Nv similar 100 Of tire
Mr. orfley ,io5 which thsrs {. - ,uit now ;, ndinsJ
The snt. claims that the whole d this trik end
fraudulent coanyalee Of DSnotss to pro are .11 hin i9r
little uo ore then COZ stock worth At tat tine $1,000,
tni whi b ycafs paid dividend of oveg $yVO He
Therefore as. that tie sale be tesnded ana ne eeu ant
Dspor be conpc led e. 20 him 'r tie iyident'
Tho defendants dmt tha, lie stock !, sai'y owed by
Dsufor'h aud TIE defendant pa1orth ansrr ldniuns ne
purchase bit Ne denies having ust iny approximations Ct
having friendly interest IN Ooveri children Tie
lie too. having a. tie time ly SPECIAL neN. Of sno"
cdfo ts ofthe company ang TIT the depart
nrni ca hs had s chssgc wac The practical
printing sud Tisng aud a. he hal ~ direct Know ed e
OF he business affairs u the Company - Pc iai means OF
knowing boo, hem not open - every .ockhold-r
us admit, d favorable b1nce sheet 81 u business ~
tho Company id been prcsrn Rot sta es tina this arose In
great measure om estimating orhess aateHa eeost price
and doubtful criu. a. good Is" ca'n' ma a. the ue ne
stock sas OF ve.y dlu ul gau,, their caiis the United
states Treasury having beea Guded dependins On
the decision Of he Secretary 81 no Treasury ana ne funre
Of he Company being yery couhia Mr. Cha' having tan
taken 70 toward pint us iie Ire ury notes, &C.
At Nash Fn d tei az ini. a. into "'ieFAi On TIE
price paid Wa ~ Price & - ttoch .,.,,
stock 20 ri the officers OF tie tonps y who o. red 70
tee Dr. che Comptuyat par aud IN ee,i that TINT was
hgh,'t pa tney "oni Az tiat he h'a 'lo'eeueItY
oer ban 800 ef shhfc' dee ~ X 7r tr rrlson re Dad
W.; have I 90 vote on u tho coms election That
Z. ID
te ih aci, ,d finally ,udel tie sale. lie c.aimi
therefore thtt the who e snssoti r aud hon, ST.
Tho pAintas hence. which loIg and prDtracted
sustain hs statements 1bitant towhat occt rItd with
him; ,h'r VI have been "a ID 10 show ha the Ge
fendst mt hove Al wa Tie cone ion OF tho Conn any i
what coud lion The cas-, ~ the paLtu Is not yet
CnAsnsHs-Frs. 23-Befoie Justice ISGaAuAM
DECIs oNS.
H'ary 7. Putt ACT. Geo. ). Jenki ls.--lot.on
Julia spyth ar, Joseph snytl Report q referee con
drm nd judgment Il divorce n'ed nom bed and board
IL T. ho,t Msnr9 yo,i BS 81 I'd I'D port Of ree'es con-
bn. Irsdai .s,enty second Une.huadi ed.and,even
,y.6thsl. aud Irntiaye., and ii4cn Ryer-Orier con
6rm ng = port Cor mis- iionersg =.
john 5 Dick uen ct. Il ust. Jo ". Joue,-MOiOr de-
S.ry Ford at.Ji. M.Ciosk.y-, lotion granted.
Naiy Mcnamara at John sea n eS aL-Memoranda FOR
l. D. Aman AIT Wa. Hughes: Motion sran,ed
Before Justice rfKRLASD
william II. DO Groot ct. j. ayt John Jay ct.
al--Moion denied without costs either party.
COURT De OYER AND TERnNEl-FEn. 2o-Beforo
justice BARNARD.
PLEAS ASD SENTENCES.
James Brown, colOre I, was brought up for sent- |
cnce he loaded gu OF Gsss ait With intent to kill
" A. sent enc, 70 tie Pclit. atiay for year.
D,nn Fo ey indicted ir mLniaYgter pleaded :uiliy to
alsausht- in the four degree, sd Judgment Was su'
pended.
SUPERIOR COURT - SPECIAL TGsx-FrB. a. Before
Chief Justice ROBERTSON.
DECISIONS.
John Brown AFT. Ihos. ID. mpson.-Motion |
denied with 80 cost,
Raphael rank ct al. act Mrrare. " Le,ie-T attach
mont must g yacs ed, witt tlo clsts
Mar Uroz NJ agt chm II. rape The default be
opened upoi the Of paying the costs u the
which Tho DE- fault en- and he present motto Ike is
each case SO
Fdwarl CaIrnsot ct al. ag janes II. Leeis.-Mo ION
granted, and caufe referred 10 a Re to Year, &C.
l. eury ~ =. oysr ct Daniel NJ Porer-MDtcn granted
and apponled to take tn ddavits Of the two wit
ne.
Conrad IunerloG agt. John H. 'oher two cSsss).-Mo
lions granted. -
Crrisa'n $. Marer ag,. John I tl.-ruwo easesl.-M0
ion gmneL
Join SINH, by Is slsT1an, &c as mes Brady ct al
- Motion C-aHted v tn 81 cDsts to ..' int.
Corni HlerhoH agt Iom H. N'-r.- doton grarted
IL, fore Justice 70 lOUR.
james Dart ct n. agt. WI Nun - StOyer.-Mo-l
lion ,faL,eu and cause snt 20 are, 80 ~ hear, &C.
COURT OF COMMON PIE -5fEcIAL TfRx-FRB 49,
Before Judge CARpofo.
DECISIONS.
Abraham J. Hsrlenber5h agt. Jas. Henderson;
Joseph w Budd sst. Us. Ruks--pefaul,s olenec See
fanny Achlle agt Marie Terditand. c. L-Moton Cor al
ow inca g.anted See opinion.
Before Judge DAILY.
Caroline f.. Wedgewo0d agt. Edgar VI. Mason.-
Order TO file further retain.
LIMITED STATES CIRCUIT COURr-FEp. ?3-Beoro
Judge SBiPaAs.
IEDlCIA"'1e.
The Grand Jury eame Jn.o Court this morning.