Финансист

Chapter XLVIII

           JudgeRafalskyheld,forinstance,thatifacrimehadbeencommittedatall,itwasnotthatknownaslarceny,andhewentontoadd:

           "Itisimpossible,fromtheevidence,tocometotheconclusioneitherthatCowperwooddidnotintendshortlytodelivertheloanorthatAlbertStires,thechiefclerk,orthecitytreasurerdidnotintendtopartnotonlywiththepossession,butalsoandabsolutelywiththepropertyinthecheckandthemoneyrepresentedbyit.ItwastestifiedbyMr.StiresthatMr.Cowperwoodsaidhehadboughtcertificatesofcityloantothisamount,andithasnotbeenclearlydemonstratedthathehadnot.Hisnon-placementofthesameinthesinking-fundmustinallfairness,theletterofthelawtothecontrarynotwithstanding,belookeduponandjudgedinthelightofcustom.Wasithiscustomsotodo?Inmyjudgmentthedoctrinenowannouncedbythemajorityofthecourtextendsthecrimeofconstructivelarcenytosuchlimitsthatanybusinessmanwhoengagesinextensiveandperfectlylegitimatestocktransactionsmay,beforeheknowsit,byasuddenpanicinthemarketorafire,asinthisinstance,becomeafelon.Whenaprincipleisassertedwhichestablishessuchaprecedent,andmayleadtosuchresults,itis,tosaytheleast,startling."

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