Case Name: George Clark versus Samuel King, and Bryant Williams, Trustee
Court: Massachusetts Supreme Judicial Court
Jurisdiction: Massachusetts
Decision Date: 1807-06
Citations: 1 Tyng 524
Docket Number: 
Parties: George Clark versus Samuel King, and Bryant Williams, Trustee.
Judges: 
Reporter: Massachusetts Reports
Volume: 2
Pages: 471–471

Head Matter:
George Clark versus Samuel King, and Bryant Williams, Trustee.
A promissory note to bearer, payable in goods, is not a negotiable security within the 12th section of the statute of February 28, 1795, providing and regulating foreign attachments.
Williams, the *rustee, disclosed, upon his examination, that, prior to the semee of the summons upon him in this action, * which was on the 31st December, 1806, for [*525 ] a valuable consideration he had given to King, the principal debtor, a promissory note, payable to the bearer, for 250 dollars, payable in West Indian and English goods, at a time certain, posterior to the service of the summons.
The question, upon this statement, was whether Williams was, in virtue of this note, the trustee of King.
Whitwell for the plaintiff.
Rice for the trustee.

Opinion:
By the Court.
Williams, having no credits of King in his hands, — unless by virtue of the note given by him, dated December 8, 1806, and payable to bearer, for 250 dollars payable in West Indian and English goods, on the 15th of March, 1807, which he made and delivered to him for a valuable consideration, — relies, for his discharge as trustee, on the twelfth section of the statute providing and regulating foreign attachments, passed February 28, 1795, which provides that no person shall be adjudged a trustee on account of his having made, given, endorsed, negotiated, or accepted, any negotiable security.
We are of opinion that this note, though purporting to be payable to bearer, is not a negotiable security, because it is not a cash note, and no action can be maintained upon it but in King's name. Williams must therefore be adjudged a trustee of the defendant.
Jones vs. Fales, 4 Mass. Rep. 245. — Young vs. Adams, 6 Mass. Rep. 182 Storer vs. White, 7 Mass. Rep. 448