Sargent v. Whitfield Company

Opinion of the Court by

Judge Willis

Reversing.

Andrew Sargent sued tlie receiver of Whitfield & Co., an insolvent 'brokerage concern, to recover certain securities found in tbe bands of tbe receiver. Tbe latter denied tbe right of Sargent to recover and asserted that tbe securities constituted assets of tbe insolvent concern. Tbe circuit court dismissed Sargent’s petition, and be. appeals.

Whitfield & Co. conducted a. brokerage, office at Hopkinsville, Ky. It was not a member of any. stock exchange, but had an arrangement with Thompson & McKinnon, members of several exchanges, ¡by which orders…