Richards v. Integrity Trust Co.

Opinion by

Mr. Chief Justice Frazer,

Appellant’s action of assumpsit against defendant trust company is to recover the difference between the value of 420 shares of the capital stock of defendant company, pledged as security for a loan, and the amount of the loan itself, which was in the sum of $24,047.09. The value of the stock was estimated as of the date it was pledged and on that basis was alleged to exceed the loan by more than thirteen thousand dollars, although its actual market value at the time of trial was approximately $1,260. The theory on which the claim was made is, that plaintiff…