138 Mass. 381 | Mass. | 1885
At the time when the bond in suit was given, the Eastern Railroad Company had business connections with . certain railroad and steamboat companies, whose tickets it sold in Boston. To make other similar business connections in the future would be natural and probable. The condition of the
The counsel for the surety place their chief reliance on Grocers' Bank v. Kingman, 16 Gray, 473, where an increase of the capital stock of a bank was held to discharge sureties upon a cashier’s bond from further liability. There is no close analogy between the duties and responsibilities of the cashier of a bank, and those of a ticket seller of a railroad company. The former are more directly affected by an increase of the capital stock of the corporation than the latter. Moreover, in that case the sureties were bound for losses that might arise from the cashier’s mistakes, as well as from his fraud, inattention, or negligence in the performance of his duties. That decision is not an authority for the present case.
Judgment affirmed.