Emmons v. McCreery

Opinion by

Mr. Justice Kephart,

Emmons, appellee, recovered in the court below for the conversion of certain securities sold by McCreery & Company, appellants. Emmons, who had been trading with McCreery & Company, stockbrokers, for a number of years, had in 1926 signed an agreement, in substance as follows: “It is agreed between us......that all securities carried in the customer’s [appellee’s] account ......are pledged as collateral security for any and all claims and demands that the broker may now or hereafter have against the customer, and, waiving all notice, the sale......of the above or…