McAlister v. Bache & Co.

HENDRY, Judge.

Plaintiff appeals from the circuit court’s dismissal of her complaint for failure to state a cause of action. Plaintiff was the owner of Two Hundred Thousand Dollars worth of government bearer bonds. She delivered these bonds to one Adjmi by virtue of his fraudulent statements to her, and by his committing larceny by trick or fraudulent pretext. Thereupon, Adjmi delivered the bonds to the defendant, with whom Adjmi had previous dealings, for it to collect for him. The defendant collected the proceeds of the bonds, and paid it over to Adjmi, who has since absconded. Plaintiff…