266 F. 437 | D. Maryland | 1920
In this case it has already been held (264 Fed. 986) that the petitioners ’ are entitled to the benefit of section . 4283 of the Revised Statutes (Comp. St. § 8021) as against cargo owners, but not as against passengers. Some resulting and some subsidiary questions are still to be disposed of.
Rights of Cargo Claimants.
The appraised value of the wreck was but a small fraction of the total proved claims, but it largely exceeds the aggregate of those for lost cargo. The petitioners say that the cargo owners must accept in settlement of their demands that percentage to which they would be entitled if the passengers could not look to anything other than the valué of the wreck; that is to say, if it be assumed, for illustration and for that purpose only, that what will be left of the net value of the charred hull after salvage, costs, etc., have been paid, will be $20,-000, and that there is $5,000 due to cargo owners, and $95,000 to passengers or $100,000 in all, the former will be entitled to but $1,000,
Not so. You are solvent, and you are bound to pay the passengers in full, and must do so, and you cannot, as against us, assert that their claims are limited, when in point of fact the court has decided that they are not.
No reported case, dealing with this precise point, has been brought to my attention. If the petitioners were insolvent, the passengers would be doubtless entitled to share in the proceeds of the res; but that would be their right, and not that of the shipowners.
Limited Recovery for Checked Baggage.
Hand Baggage and Articles Worn by the Passengers.
Photographer’s Camera and Extra Lens.
Liberty Bonds.
There is no reason why an exception should be made of Liberty bonds of a worth' exceeding a narrowly limited sum. On the other hand, it is not possible to close our eyes to the fact that very many people own bonds, which in each individual case do not exceed the value of a few hundred dollars. Many of them never held any securities of any kind before and have none other now. They cannot afford to keep a safe deposit box for the storage of securities, the annual interest on which ranges from $1.75 to $8 or $9. When they move about, they must'almost perforce take their bonds with them. If so, should not the latter be held to be among the things which the necessity or reasonable convenience of the traveler justifies him in carrying with him ?