Sproul v. Sloan
Supreme Court of Pennsylvania
Appeal, No. 90, Oct. T., 1912, by plaintiffs, from judgment of O. P. Allegheny Co., June T., 1910, No. 324, on verdict for defendant in case of Henry Sproul and H. E. Anderson, Partners as Henry Sproul & Company, for tbe use of Henry Sproul, doing business as Henry Sproul & Company, in the hands of his and their receiver, the South Side Trust Company of Pittsburgh v. John Sloan and Fidelity Title & Trust Company, Committee in Lunacy for John Sloan.
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Appeal, No. 90, Oct. T., 1912, by plaintiffs, from judgment of O. P. Allegheny Co., June T., 1910, No. 324, on verdict for defendant in case of Henry Sproul and H. E. Anderson, Partners as Henry Sproul & Company, for tbe use of Henry Sproul, doing business as Henry Sproul & Company, in the hands of his and their receiver, the South Side Trust Company of Pittsburgh v. John Sloan and Fidelity Title & Trust Company, Committee in Lunacy for John Sloan. Assumpsit to recover an alleged balance on an account for stock purchased on margin. Before Swearingen, J. The opinion of the Supreme Court states…
1Opinion of the Court
Opinion by
Mr. Justice Brown,
Henry Sproul & Company, stock brokers, who were engaged in business in the City of Pittsburgh, purchased for John Sloan, the appellee, in May, June and August, 1907, fifteen hundred shares of the capital stock of the United Copper Company. This stock was purchased at prices varying from $61.50 to $54 per share, and the brokers agreed to carry it for appellee on a margin of $20 per share, which he deposited with them. As this stock was purchased from time to time the brokers mingled it with other securities under their control,, and pledged them to a trust company…
2Cases cited7 opinions
- Minor v. . BeveridgeNew York Court of Appeals · 1894
- Learock v. PaxsonSupreme Court of Pennsylvania · 1904
- German Savings Bank v. RenshawCourt of Appeals of Maryland · 1894
- Gillett v. . WhitingNew York Court of Appeals · 1890
- Strickland v. . MagounNew York Court of Appeals · 1907
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3Cited by19 opinions
- Scheuer v. Salmon Weed & Co.Court of Appeals for the Second Circuit · 1931
- Gervis v. KaySupreme Court of Pennsylvania · 1928
- Foley, Exr. v. WassermanSupreme Court of Pennsylvania · 1934
- Turner v. SchwarzCourt of Appeals of Maryland · 1922
- Berberich's EstateSupreme Court of Pennsylvania · 1917
14 more not listed; retrieve them via the Exa API.