Prout v. Chisolm
Appellate Division of the Supreme Court of the State of New York
Appeal by .the defendants, Alexander R. Chisolm and'William F. Carey, from ¿'judgment of the Supreme Court in favor of the plaintiff; entered in the office of the clerk, of the county of Kings on the 8th day of July, 1896, upon the verdict of a jury, and also from an order entered in said clerk’s office on the 29th day of March, 1896, denying the defendants’ motion for a new trial made upon the minutes.
1Opinion of the Court
Cullen, J.:
The defendants were stockbrokers in the city of Hew York and members of the Consolidated Exchange in that city, upon which exchange their principal dealings were transacted. In the years 1891 and 1892 the plaintiff was a customer of the defendants, and through them speculated in stocks. During this period he deposited With the defendants as margins, or to secure them against .loss, in fulfilling his orders, $29,000 in money and railroad bonds of the par value of $15,000. The transactions of the plaintiff through the defendants’ firm were very numerous. It is stated that they…
2Cases cited5 opinions
- Lush v. DruseNew York Supreme Court · 1830
- Taussig v. . HartNew York Court of Appeals · 1874
- Whelan v. . LynchNew York Court of Appeals · 1875
- Terry v. McNielNew York Supreme Court · 1870
- Prout v. ChisolmNew York Supreme Court · 1895
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