New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1889-01-22
RESPONSIBILITY OF A sTocKBRoKER
THE SUPREME COURT HOLDS THAT HE MUST
FOLLOW DIRECTIONS OF HIS PRINCIPAL

. HOLLOW QIlshCTlQNo VI aAc &@eAA'O~~-
washington Jan. 21--The Supreme Court OF tne
rr,aa TO-DAY rendered an opinion in the case OF
Barton sat the United States on appeal rom she Oou
of Claims Barton appointed an scting Assis'an'
paymsser in the volunteer Navy In 1884, and three years
afterwad was appointed assistant paymaser IN the
ssrtar Navv e has secured all the longevity pay to
sbch ne Is entitled claims that he would have peen
promoted earlier he from the start been IN the reguaf
instead Of volunteer Navy, and therefore urings su
To recover the additional amount he would nave feeeveu
had his promotion taken place earlier than it did Tne
supreme Court does not agree Win faymAs'ef
Baron and arms the judgment Of The Court OF Claims IN
favor Of the United States
The Court denied the motion Of william L. hoyen,
asking that direct execution be issued against the state
OF Virginia for which the Court a"aroeo
Roya IN one CT the we'll known Virginia tax coupon oas
The Court granted the motion to advance l"r ns,ns
case No Qes George s. vashon. samuel O. Gfeeahow'
treasrrey ETC.. and Nos. 1.45e LASS. 14eo ana Laoi
Joseph Bryan s plaintiffs in error, agt the s'a'e Oh
virginia These bring up in s0Ds now shape 'he
matter OF the Virginia tax coupons.
An opinion OF interest stockholders was rendered
in the case Of william G. Gallagher, appellant agt
Thomas r. Jones' appeal from the Supreme Court OF inc
Territory OF Utah The turns upon loss sustained
by Gagbr through the refusal or neglect Of his orokef
Mr. 5ones to follow hs instructions in STOCK uansac-
ton The Court holds that broker Is but an agent
and that bound follow the directions oil mia ptnc
pal or give prompt notice that he declines 10 continue
the agency 1t decides that Jones is liable for
damages for not informing Gallagher by telegraph that he
would not certain stocks and other stocks as he
was ordered do. The measure OF damages which should
be awarded where stock advances In value aieer an
order buy has been given. The Court holds should De
the highest intermediates value which the stock attains
between tho time order given and reasonable
time failure to buy the stock is given the
Intending purchaser In order that he may maze new
order This IS the rule the Court says which the Court
Of Appeals OF New finally found It necessary 70
adopt The decision Of the lower court in favor Of Jones
Is reversed.
No. see-James J. Hfi. appellant aet the Chicago
ana Evanston Railroad Co. OF al Appeal from the
Circuit Court OF the United States for the Northern District
Of Illinois Ordered that the motions TO dismiss the
appeal from Of June 1855 be granted and
that dismiss the appeal from the decree OF
July u. 1887. be denied.
No 11S-Cbpr,es Probst, plaintiff in srror agt the
trustees Of the Domestic Missions Of the General
Assembly Of the Presbyterian Church In error to the
Supreme Court OF the Territory Of NewMexco. Judgment
reversed with costs and remanded with direction
TO- award new trial
No. 3s--J0hn S. Prouty plaintiff In error, ngt the
Lake Shore ana Michigan Southern Railway Company.
Motion for writ Of certiorari denied