Guiteman v. Davis
New York Court of Common Pleas
Appeal by the defendant from a judgment at a Special Term of this court in an action tried by Daly, F. J., without a jury. The action was brought upon a draft drawn and dated in London, England, upon the defendant, for fifty pounds sterling, and was directed to the defendant at the, city of New York, and accepted by him.
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Appeal by the defendant from a judgment at a Special Term of this court in an action tried by Daly, F. J., without a jury. The action was brought upon a draft drawn and dated in London, England, upon the defendant, for fifty pounds sterling, and was directed to the defendant at the, city of New York, and accepted by him. The judge found the value of the pound sterling to be $4.44, and the rate of exchange between New York and London to be $1.45, making the actual value of the pound sterling in U. S. currency $6.44, and on that basis gave judgment for the plaintiffs, from which judgment the…
1Opinion of the Court
By the Court.
Brady, J.
The act of Congress passed February 21st, 1851 (11 Stat. 163), by section 3, declared that all former acts authorizing the currency of foreign gold or silver coins, and declaring the same to be a legal tender in payment for debts, were repealed, but that it should be the duty of the director of the mint to cause assays to be made, from time to time, of such foreign coin as might be known to our commerce, to determine their average weight, fineness, and value, and to embrace in his annual report a statement of the *121results thereof. The effect of this statute was to leave…
2Cases cited3 opinions
- Scofield v. DayNew York Supreme Court · 1822
- Lee v. WilcocksSupreme Court of Pennsylvania · 1819
- Smith v. ShawU.S. Circuit Court for the District of Pennsylvania · 1808
3Cited by2 opinions
- Petkus v. BankasNew York Supreme Court · 1924
- Ladd v. ArkellThe Superior Court of New York City · 1875