Graves v. Lake Shore & Michigan Southern Railroad

The defendant, as a common carrier, received at Peoria, Illinois, seventy-five barrels of high wines, and agreed to deliver them to the plaintiffs at Boston, in this Commonwealth. The bill of lading contained the stipulation that the goods were “ shipped at an agreed valuation of $20 per bbl., owner’s risk of leakage.” It also contained the agreement, that, “ in the event of the loss of any property for which responsibility attaches under this bill of lading to the carriers, the value or cost of the same at the time and point of shipment is to govern the settlement, except the value of the…