Gartner, Trustee v. Cassatt

Opinion by

Mr. Justice Linn,

This is an effort by the trustee in bankruptcy of a firm of private bankers to follow money alleged to be trust property. The important question is, has a fiduciary relation between private banker and depositors been shown? The plaintiff, who is appellant, is trustee in bankruptcy of Muller and Company, a partnership, engaged in business as private bankers. The defendants, Cassatt and Company are stockbrokers. Appellant’s general position is that Muller & Company, in the conduct of their business, were quasi-trustees for depositors; that in the purchase and sale,…