164 Pa. 109 | Pa. | 1894
Lead Opinion
Opinion by
Although the Merchants Bank is nominally a party to this record they are not appellants, and have no interest in the suit. Their debt against Delamater & Co. was paid in full out of the proceeds of the sheriff’s sale of Delamater & Co.’s real estate, under judgments which were given to the bank by the firm or its members. As the county warrants delivered by Delamater & Co. to the Merchants Bank were pledged as col
If then Delamater & Co. could not have resisted a claim, by either the treasurer or the county, to have the warrants in the hands of Delamater & Co. charged against the account of the treasurer and delivered up, their voluntary assignees for the benefit of their creditors could not do so. Now it is the undisputed fact that Delamater & Co. had in their hands on deposit by the county treasurer, at the time of the assignment, money to the amount of $58,000, of which about $50,000 belonged to the county. That Delamater & Co. knew perfectly well that the account was a treasurer’s account, and that the great bulk of the money in their hands to the credit of this account was trust money belonging to the county, is not only found as a fact by the master and the court below, but it is so palpably and necessarily true that no time need be wasted in the discussion of the subject. It would be au astounding proposition, therefore, to assert that, if Delamater & Co. had
There is not the least force in the objection on the ground that equity has no jurisdiction. The surrender of the warrants could not be obtained in a common law action, but only by a decree or order in chancery. I'n addition to that, discovery of the outstanding warrants, and of the facts pertaining to their issue, their ownership, their custody and the equities, if any, attaching to them, the adjustment of the account of the treasurer with the firm, and the determination as to how much of it was trust money, the inadequacy of the legal remedy, and the prevention of a multiplicity of suits by bringing all the parties interested into one litigation so that the rights of each could be determined and adjudged in one decree, each and all of these are sufficient sources of equitable cognizance.
The introduction into the case by' amendment, of the county treasurer and of the assignees of Delamater & Co., was entirely right and clearly within the power of the court. It did not change in the least the character of the litigation, or the cause of action asserted in the bill. It merely brought in other parties whose interests were affected and who ought to be heard in their adjudication.
The assignments of error are all dismissed.
Decree affirmed and appeal dismissed at the cost of the appellants.
Dissenting Opinion
Dissenting Opinion by
I am unable to concur in this judgment.
The warrants were not paid. Delamater & Co. had no authority to pay them unless authorized, or directed by the treasurer to do so. This is the hinge of the case, and the findings
Until the orders were paid Delamater & Co. held them as valid claims on the county treasury, and the creditors have succeeded to their rights.