32 Nev. 169 | Nev. | 1909
By the Court,
This action was commenced in the Second Judicial District Court, at Reno, Nevada, on May 2, 1907, for the recovery of 200 specified shares of stock of the Goldfield Consolidated Mines Company, and 100 shares of Goldfield Combination Fraction Mining Company stock, and, in case the return of the specified stock could not be had, for the recovery of the value of the stock and $500 damages for the wrongful taking and conversion of the said stock. The cause was tried on the 30th day of September, 1908, before the court, without a jury, and on the 2d day of November, 1908, the court rendered its judgment directing the return of the stock to the plaintiff, and, in case the stock could not be had, then judgment in the sum of $1,270, the value of the stock.
The testimony in this cause shows: That at the time alleged in the complaint W. L. Cox & Co. were engaged in a stock brokerage business in Reno, the firm consisting of W. L. Cox, J. B. Menardi, Claude Smith, and Joe J. Kerrick. A. C. Marsh was the cashier and manager of said company, and with the firm’s money bought the stock in question and charged it
Upon the return of Captain Cox, who -was absent in the east át the time, after an examination of the books, and after ascertaining Marsh’s irregularities, and the facts of the transaction from Marsh, he thereupon demanded the return of the stock from- defendants, which was refused. The testimony further shows that W. L. Cox & Co., never disposed of any of said stock certificates, nor authorized any one to dispose of them for or on behalf of their account. Following the well-established principle of law that a person has the right to follow, sue for, and recover his property, wheresoever it may go or wheresoever it may be found, the loiver court rightfully awarded judgment to the plaintiff.
In the amended complaint, plaintiff, after alleging that plaintiff’s assignors and predecessors in interest were the owners of and entitled to the possession of the certificates of stock in question, alleged that the defendants wrongfully and unlawfully took possession of said personal property and deprived plaintiff’s predecessor and assignor in interest of its
During the trial the objections made to questions .asked Captain Cox concerning the ownership of the stock and affairs of the company, which is the main testimony against which the objections were taken, was agreed to be taken subject to objection, and the question of its admissibility determined later on a motion to strike out. The record discloses that no motion to strike out was ever made to the testimony taken subject to the objection and agreement. It is well established that evidence introduced subject to objection and the question of its admissibility witheld until further proof is made, if the objecting party does not move at the proper time to have the testimony stricken from the record, he waives his objection, and the exceptions to its admissibility cannot be considered on appeal. As the Court of Appeals of Maryland, in passing upon this rule, has well and tersely said: "The evidence of Honig was admitted subject to exception. There was therefore no definite or final decision by the trial court as to the admissibility of the evidence. This course is frequently adopted to facilitate trials, and to enable the court more fully to understand than it is possible to do at the moment the bearing of the evidence upon the issues; but admitting evidence subject to exception is not a ruling that can be brought up by bill of exception, or in any other way. The evidence is merely admitted conditionally. The objecting party is at liberty to move later on that it be excluded, and from a refusal by the court to grant such a motion an exception will lie. This is the settled practice.” (Flach v. Gottschalk Co., 88 Md. 368, 377, 41 Atl. 908, 911, 42 L. R. A. 745, 71 Am. St. Rep. 418; Naas v. Wolter, 92 Minn. 404, 100 N. W. 211; Breitkreutz v. Nat. Bk., 70 Kan. 698, 79 Pac. 666; Knickerbocker Ice Co. v. Gardiner Dairy Co. 107 Md. 556, 69 Atl. 406, 411, 16 L. R. A. (N. S.) 746; King v. Haney, 46 Cal. 560, 13 Am. Rep. 217.) How
Appellant's contention that, because the stock in question was bought by Marsh with the money of Cox & Co., without their knowledge or consent, it thereby became Marsh’s property, and, as Cox & Co. had no notice of the transaction until after the stock had been pledged to Wacker & Co., they had no interest in the stock until they ratified the transaction, is not well taken in law,’ because the stock was never delivered by Cox & Co. to Marsh, and he had no rightful personal possession of the stock, and he was not authorized to deliver or pledge the stock of Cox & Co. to any one. The only right Marsh had to the possession of the stock was as the employee of Cox & Co. In law his possession of the stock was the possession of the company. (Hanson v. Chiatovich, 13 Nev. 395; Barstow v. Savage Min. Co., 64 Cal. 388, 1 Pac. 349, 49 Am. St. Rep. 705.)
Again, the defendants in this case cannot legally be considered pledgees or bona fide purchasers of the stock in dispute, for the reason that the stock was given to secure a gambling debt, and was therefore given for no valuable consideration and was void. A check given for a gambling debt is void under the law of this state, and, there being no valid obligation, there could be no lawful consideration for the security as a pledge. (Burke v. Buck, 31 Nev. 74.)
The judgment of the lower court is affirmed.
It is so ordered.