DUNCAN v. JAUDON


82 U.S. 165 (1872)

15 Wall. 165

DUNCAN v. JAUDON.

Supreme Court of United States.


Attorney(s) appearing for the Case

Mr. W.W. McFarland, for Duncan, Sherman & Co.; Mr. W.H. Arnoux, for the National City Bank, appellant:

Mr. T.R. Strong, contra.


Mr. Justice DAVIS delivered the opinion of the court.

It is too plain for controversy that Samuel Jaudon committed a gross breach of trust in allowing the shares of stock in the Delaware and Raritan Canal Company to be disposed of and applied in the manner they were; but as he is insolvent, and the specific property cannot be reclaimed, the inquiry arises whether the appellants, with whom the shares were pledged and for whose...

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