Sistare v. Olcott

The judgment has been recovered for damages for the conversion, by the Wall Street Bank, of which the defendant is the receiver, of 250 shares of the capital stock of the Youghiogheny River Coal Company and 105 shares of the capital stock of the American Printing Company, of Fall River, Massachusetts, of the par value of $100 each. The plaintiffs were stock brokers, carrying on business in the city of New York, and had dealings in that business with W. J. Hutchinson, who was the owner of these shares of stock. He hypothecated the shares with the plaintiffs by way of security for his…