Финансист

Chapter XLVIII

           Hehadalreadyhypothecatedforhisowndebtstheloanofthecityplacedinhishandsforsalehehadunlawfullyobtainedfivehundredthousanddollarsincashasloans;anditisreasonabletosupposethathecouldobtainnothingmorefromthecitytreasurybyanyordinarymeans.Thenitisthathegoesthere,and,bymeansofafalsehoodimpliedifnotactual,obtainssixtythousanddollarsmore.Thejuryhasfoundtheintentwithwhichthiswasdone."

           ItwasinthesewordsthatCowperwood’sappealforanewtrialwasdeniedbythemajority.

           ForhimselfandJudgeRafalsky,JudgeMarvin,dissenting,wrote:

           "ItisplainfromtheevidenceinthecasethatMr.Cowperwooddidnotreceivethecheckwithoutauthorityasagenttodoso,andithasnotbeenclearlydemonstratedthatwithinhiscapacityasagenthedidnotperformorintendtoperformthefullmeasureoftheobligationwhichthereceiptofthischeckimplied.Itwasshowninthetrialthatasamatterofpolicyitwasunderstoodthatpurchasesforthesinking-fundshouldnotbeknownorunderstoodinthemarketorbythepublicinthatlight,andthatMr.Cowperwoodasagentwastohaveanabsolutelyfreehandinthedisposalofhisassetsandliabilitiessolongastheultimateresultwassatisfactory.Therewasnoparticulartimewhentheloanwastobebought,norwasthereanyparticularamountmentionedatanytimetobepurchased.

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