167 Pa. 513 | Pa. | 1895
Opinion by
We think the indorsements on the bills of lading cannot, under the circumstances shown by the special verdict, be justly considered as injuriously affecting the rights of the appellant to the property specified in the bills. The delivery of them was obviously made, accepted and intended as a pledge of the property as security for the sum advanced or paid on the draft to which they were attached, The purpose of the parties being evident, delivery without indorsement was sufficient to accomplish it: Holmes, Lafferty & Co. v. The German Security Bank, 87 Pa. 525. The indorsements which are thought by the appellee’s counsel to afford his clients some advantages and to abridge the rights of the appellant in this contest, were in the following words, to wit: “ Deliver to the order of J. H. Richardson & Co.” These indorsements were probably regarded by the consignor as nothing more than a direction to
Judgment reversed.