Court Opinion

ID: 5512627
Source: CourtListenerOpinion
Date Created: 2022-01-10 04:23:18.221244+00
Date Added: 2024-06-11T08:34:12.038540
License: Public Domain

Daniels, J.
By the complaint the plaintiff claims to recover damages to the extent of 860,000 as owner of the circulating bills of the Mechanics’ Bank, incorporated and existing in the State of Georgia. The defendant has been a director of that bank, and the plaintiff alleges that the circulating notes or bills of the bank were rendered worthless by the wrongful use of its property and assets by the defendant and' other members of the board of directors. These bills are alleged to have been received and acquired by the plaintiff at various times since the 1st of January, 1860, but at what particular time is not stated, and the acts complained of are averred to have been performed at various times since the 1st day of January, 1861.
The receipt of the bills by the plaintiff, according to these allegations, may very well have been after the wrongs complained of had all been perpetrated. For that reason the court would not be warranted in concluding that they were received before those times. If such had been the case it should have been alleged. That was not done. It was entirely consistent with the statement that the bills were received after the 1st of January, 1860, that the plaintiff actually received them after the bank had been rendered insolvent by the acts of its directors. The fact is not changed by the allegation that the plaintiff sustained the damages claimed by means of those acts. That is simply an inference or conclusion from what was previously alleged. And if' not warranted by the case stated it cannot support the plaintiff’s claim. To authorize the conclusion that the wrongs complained of were committed after the plaintiff received the bills of the bank, that should have been averred as a fact. Without that averment the complaint did not state facts sufficient to constitute a cause of action within the case of Butt v. Cameron, 53 Barb. 642.
For that reason the demurrer was well founded, and the ordei sustaining it should be affirmed, with costs.

Order affirmed.