116 N.Y.S. 904 | N.Y. App. Div. | 1909
The sole question presented for determination upon this appeal is whether the cause of action is barred by the Statute of Limitations.
The referee finds that on or about the 1st of March and previous to the 18th of March, 1875, some person then unknown to the plaintiff, without the knowledge of the plaintiff, and while he was absent from his home, unlawfully entered the plaintiff’s house, forcibly pried open a locked bureau drawer and took therefrom the bonds in question; that said bonds were so taken by William Bowen, the'
The bonds when taken were in an envelope, with a letter describing them. This was the only memoranda the plaintiff had, and was taken with the bonds. Bowen collected the interest on the bonds, and eventually the principal. It does not.appear how he collected the. moneys, but that he did so appears from' an account book kept by him. Bowen was the plaintiff’s father-in-law, a. member of his household when the bonds were taken, and always lived near him afterward. Strange as it may seem, the plaintiff did not discover who had taken . the bonds until after Bowen’s death, when he discovered the envelope, the letter and the account book, at least he so testifies, and so the referee finds.
It was conceded that Bowen left, at his death, personal property of the value of at least $20,000, as assets of his estate, and the plaintiff asks in his complaint that the defendant account and pay over to him the amount of the bonds and the income thereof, if it can' be traced. But the bonds were collected long before the. death of Bowen, and there is no evidence by which the proceeds of the bonds can be traced, or identified as a part of the $20,000. Indeed, the record is entirely silent upon that subject, except the bare admission to which I have just referred.
The question is whether the Statute of Limitations commenced to. run from the time the bonds were taken and converted, or from the time the plaintiff discovered who had taken them. We think the. cause of action accrued and the statute commenced to run when, the bonds-were taken, and the action, not having been commenced within six years thereafter, is barred by the Statute of Limitations., (Code Civ. Proc. §§ 380, 382.)
In Allen v. Mille (17 Wend. 202), which was an action of trover, commenced January, 1834, for the conversion of $20,000 of bank bills, stolen November 15, 1826, the defendant interposed the Statute of Limitations. The plaintiffs replied that the. bills were stolen, from them by some person unknown, and secretly kept, and although.
To the same effect is Burt v. Myers (37 Hun, 277). It there appeared that certain bonds were wrongfully converted, and it was held that the Statute of Limitations commenced to run from the time of the conversion, and not from the time that the plaintiff discovered that he had a cause of action. And it was further held that the wrongdoer did not become a trustee within the meaning of the Statute of Limitations. Hr. Justice Follett, in the opinion, after holding that the fact that the cause of action remained undiscovered by the plaintiff did not prevent the statute from running in the meantime, says (p. 280): “ When property has been converted the taker may, by an equitable action; be- charged as a constructive trustee, and the proceeds recovered, so long as they can be traced and identified, or the damages may be recovered in a legal áction. The only remedy to which the plaintiff was entitled (aside from a recovery of the specific bonds) was the recovery of a sum of money at law or in equity sufficient to compensate him for the loss of his bonds, which is the only remedy sought in this action, and is the precise and only relief granted by the judgment under consideration.”
And finally holds that the wrongdoer is not a trustee within the meaning of the Statute of Limitations, and that the action is barred.
The judgment should be reversed and a new trial ordered, with costs to the appellant to abide the event.
All concurred.
Judgment reversed and new trial ordered before another referee, with costs to appellant to abide event.