Thompson v. Adams
Supreme Court of Pennsylvania
Error to the Court of Common Pleas, No. 4, of Philadelphia county: Of January Term 1878, No. 84. Case stated for the opinion of the court wherein Samuel Gustine Thompson was plaintiff and Bushrod Adams and others, members of the Philadelphia Stock Exchange, late Philadelphia Board of Brokers, were defendants.
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Error to the Court of Common Pleas, No. 4, of Philadelphia county: Of January Term 1878, No. 84. Case stated for the opinion of the court wherein Samuel Gustine Thompson was plaintiff and Bushrod Adams and others, members of the Philadelphia Stock Exchange, late Philadelphia Board of Brokers, were defendants. The following facts have been agreed upon as a case stated, as if found, by a special verdict of a jury, with liberty to the court below, and the court above to draw the same inferences of fact as a jury might draw, and with leave to either party to sue out a writ of error, the judgment…
1Opinion of the Court
The judgment of the Supreme Court was entered, January 27th 1879,
2Per curiam
The constitution and articles of a voluntary association, such as the Philadelphia Board of Brokers, are law as to the members. The plaintiff below was not a member, but had furnished the money by which Richards obtained a seat. His contention is that he was the equitable owner of the seat, and had title to what was received for it, and that the defendant had no right to apply the proceeds to debts due by Richards to other members, in pursuance of the terms of the constitution of the club. But why not ? Richards was the member…
3Cited by6 opinions
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- In re PageCourt of Appeals for the Third Circuit · 1901
- Fort Worth Grain & Cotton Exchange v. Smith Bros. Grain Co.Court of Appeals of Texas · 1931
- Fort Worth Grain & Cotton Exchange v. Smith Bros. Grain Co.Court of Appeals of Texas · 1931
- McLaughlin's EstatePennsylvania Orphans' Court, Allegheny County · 1930
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