12 N.J. Eq. 223 | New York Court of Chancery | 1859
This injunction must be dissolved upon both grounds taken on the argument of the motion —that a party asking equity must do equity — and that a party cannot have relief in equity where he has an adequate remedy at law.
There is a judgment in attachment in the Supreme Court against the complainant for upwards of one hundred and seventy thousand dollars. Five thousand shares, or more, of the capital stock of the Cumberland Nail and Iron Company were attached as the property of the defendants. The auditors have advertised the stock for sale. The complainants ask this court to interfere on the following grounds — -first, that the law of 1855, under which the attachment was issued, is unconstitutional, and the proceedings therefore void; second, if constitutional, it was repealed, although after the judgment, yet before it was executed, and that there was no saving clause as to pending suits; third, that the attachment was not properly executed by the sheriff; and fourth, that the capital stock of an incorporated company is not the subject of attachment.
The bill admits that the debts due from them to the plaintiffs and creditors under the attachment are honest debts, and that they are now due and owing. They give no reason why they should not promptly pay them. They-
On the other ground, also, the injunction must be dissolved. The proceedings complained of are in the Supreme Court. That court is competent, and is possessed of every facility that this court has of determining the questions raised by this bill, and giving adequate relief to the parties, if they are entitled to any. This court is asked to interfere with a judgment of the Supreme Court, and to prevent a sale under its order, on the ground that the proceedings in that court are erroneous and contrary to law. This court is asked to correct alleged errors in the judgment and proceedings of the Supreme Court. It possesses no such jurisdiction. It is true a court of equity will sometimes interfere and grant relief against a judgment obtained by fraud or imposition, and also a judgment obtained under circumstances of extraordinary hardship, as where the defendant in the judgment was ignorant of the fact upon which he relies for relief pending the suit, or it could not have been received as a de
Every one of the questions presented by this bill are questions more appropriately belonging to law than equity. The constitutionality of the act of the legislature — the effect of the repealing act — the execution of the attachment, and the liability of the stock to be attached, are questions eminently proper for a court of law to deal with. "Why.should this court interfere? It does not appear, by the bill, that these questions have been brought to the notice of the Supreme Court, and no reason is given why they have not. This court is asked to interfere with parties prosecuting their rights in the Supreme Court, and to remove the proceedings from that tribunal into this court, for the purpose of settling here questions of pure law. It cannot be done. It would be extending the jurisdiction of the court beyond anything that had ever been claimed for it before. The Supreme Court has cognizance of the case. The questions involved are all pure questions of law, and the court has the power to give the party adequate relief, if he is entitled to it.
The injunction must be dissolved with costs.