The Hawaiian gazette., 1889-04-09

be EO0i s. SSSiu>t creditors who
trusted Coke on the tSct that the
legal yiJlG Q; the stock wsS Still in
him. Bur no allegation q this Kind
= INSIDE in the sUSwer.
Inc Connecticut case admits that
there : no doubt oI the general
equity OF the petitioners lpledssS>1 IS
SSSiu>- OiulStssi. II he MS SIN liv-
ing. - against his heirs now that he
: ds2G L cannot ~ thar the tSct
chS- OlulStESi died lr>olvent woGli
prevent equity from iseresinS the SpS-
Citit Performance Q: the eNecuIOy
agreement fo- The transfer II the
stock. unless the agreement itself vSS
II fraud a. creditors.
Having found in ths case before me
thSr re rights q third parties would
b p-s-uilcSi by the specific perform
zucS a. the agreement made between
Coke and CSSrIs / Cocke. l think
rhS p-SyG- u -hs hill should bS
granted
D5C-ea aecc7GiuSiy.
W +. CSS-le for plaintiffs ". q.
smith IN person, .. X. Wilder with
him.
EoDolu,E. November u. ls>S-
By -zE CoURr Two questions are
involved III the controversy, WHIST
we've the rights o. the parties III Or 70
-hs ten shares - EziAu stock. before
THE Gz-s q The bankruptcy Of y. I.
Cooke-wh4- effect, if ary. hiss the
SCA--p-Cy Oh those rights.
Inc written memorandum q y. T,
=. %
TEe shove certificates Of stock De-
longing 70 \. F. Cooke PASSED over
q Castle * Cooke for security q for
$500. =. PScitic Nav, Co four notes
IL SS-lao sSCE.' cannot ce construed
in Itself 70 -szr aryrhirE else tlSn $
pledge Of the stock. The proof. SSi6e
from this, ChSC the parties intended
-Lz- only The dividends should be
drawn a-5 rg-6Lrei Is consistent with
-ls transaction q GspoSlCLuS : >sC.lr-
l-v with the intention aR1 hope q
-sg;es-,.uE IT, 81. II this tSil what
security ms been Cp.SLDsd II the
E-uueE-y pledged ! - Be given Rp2
L c1Ly -Es dividends sire 70 Cs Spp-C-
u-.a.sI. why should the stock be sur
rendered until the Gel- hzS been pSL1S
L s transaction resolve Itself is-O
= security, v-Lz-ev5E USy * lis
5O-- aulwhs-svs- uSu6 the parties
Ezy chose 70 give II. IL i IN e. nifty
s mortgage. E.Cgg g. ZGTT,, :
Sumner -. 5SS-SUI Gn eNecILo-y
agreement 70 usks i 5 mortgage,
equity viii eatc-Ce BY isCrseirE
legal transfer upCa Ls-aClE ul2Ce-
L : difficult . See how 5 Clalu can
rz --zia by the creditors q the bank
-up- azaIlS- the equities OF the plain-
IFS in this transaction. They existed
long bstC-e the date O the bankrupt
ev. a-i / : not alleged IhSr the de-
uCs.- OF. pledge was made in the view
ly either party q Gu insolvency or
Bankruptcy
We Esve no. discussed the case in
this opinion. - we deem the reason
IN GCl authorities IN the opinion o.
The Chic. Justice fully support his
conclusion, and We atirU hi> decree
= far - IL sues
But the defendant assignee i en-
-E--ei % hzve this MISTER closed Snl
Tie u-zL----S C5SELe upon their S5SuE-
E-y. The decree should contain sn
order u the plaintiffs % proceed 70 sell
TIE S-lCE upon SIGN terms - % time
q S5-s- advertisements, etc - may
be sEre5i upon between them aDd
defscIl-z, and If they cannot agree,
either rz--y "a have LsSye 70 apply 70
10 the Court Tor further direction.
And 9 reference 70 Henry Smith, :
Master oE this Court i ordered TO COM
pu-s TIE amount due on the notes
Charging interest and allowing for
dividends And II the result Of the
sale % the stock CJc satisfying the
eLz--l a plaintiffs, they may ts 81
lowed % prove for the remainder
s-a--S- the talkrup-'S estate
". + Cas-Le for plaintiffs; the de-
sa-IzC- III person.
EC-eIu-G. March p, 1859.