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Page O'Malley, Giltz v. (Md.).... 878 Rapuano, Sisk v. (Conn.).

858 O'Neil v. Providence Amusement Co. (R. Rasst v. Morris (nid.)...

787 I.)

887 | Redding. v. Wilmington & Philadelphia Oppicci v. Erie R. Co. (N. J.).. 759 Traction Co. (Del. Super.)

739 Oren Hooper's Sons v. Sterling-Cox Shoe Reddington v. Getchell (R. I.).

691 Co. (Me.)... 353 Redfern, Bergeron v. (R. I.)..

650 Osten, Schilling v. (Del. Super.). 741 | Redlon Co., Marston v. (Me.).

49 Otmer v. Perry (N. J. Sup.). 369 Reed v. Creamer (Me.).

82 O'Toole, State v. (Me.)..

99 Reed, M. Steinert & Sons Co. v. (Me.)., 334 Owen Magnetic Car Co. of New Jersey, E. Reed v. Reed (Me.)

103 L. Downs Co. v. (N. J. Sup.).

112 Reese, Warrington v. (Del. Super.)
Regnier v. Rand (N. H.).

S10 Padley v. Director-General of Railroads Reid, Commonwealth v. (Pa.)..

829 (Del. Super.).. 34 Reid' y. Hughlett (Md.).

477 Page, Commonwealth v. (Pa.). 527 Reilly v. New Brunswick (N. J.).

107 Palese, State v. (Del. Gen. Sess.). 276 Reinheimer's Estate, In re (Pa.).

412 Palmer, Keppelman v. (N. J.)...

432 Republic Trading Co. v. Hay (N. J. Ch.).. S3 Palmer, Krouse v. (N. J.).

5 Reynolds v. Donaway (Del. Super.) 139 Palmer Water Co. v. Lehighton Water Reynolds, Smith v. (Vt.).

697 Supply Co. (Pa.). .

351 Rhode Island Co., Catrone v. (R. I.)... 417 Palmyra Tp. in Burlington County, Kern Rhode Island Co., Hill v. (R. I.).

65 v. (N. J.)

926 Rhode Island Co., McCoart v. (R. I.).... 585 Pannonia Building & Loan Ass'n v. West

Rhode Island Co., Public Utilities ComSide Trust.Co. of Newark (N. J.).. 240 mission v. (R. I.)..

66 Paolis V, Tower Hill Connellsville Coke

Rhode Island. Co., Stuckey V., two cases Co. (Pa.)....

638
(R. I.)

581 Parker v. Tcath (R. I.)

179 Rice v. Bennington County Sav. Bank (Vt.) 708 Parks, Davison v. (N. H.). 288 Richter's Will, In re (N. J.)..

116 Passaic Valley Sewerage Com’rs v. Jersey Rickey y. Moon Clay & Kaolin Co. (N. J.) 2 City (N. J.)..

233

Robert H. Ingersoll & Bro. v. Habne & Patch, Randall v. (Me.).

97
Co. (N. J. Ch.)

128 Patten's Estate, Tyler v. (Me.). 260 | Roberts v. Small (Me.)

97 Paul Delaney Co. v. Joseph Freedman Co.

Robinson v. Security Trust Co. (Conn.).. 665 (N. J.).

435

Robinson Const. Co. v. Barry (Md.). 688 Peavey, Blaisdell v. (N. H.).

131 Robson v. Blairstown Tp. (N. J. Sup.).... 145 Pelaggie & Co., Ambrosini v. (Vt.). 916 Rockingham County Light & Power Co. v. Pendergast v. Fostoria Oil Co. (Del. Ch.) 737

Philbrick (N. H.)...

813 Pennsylvania Co., Kemmler y. (Pa.).. 592 Roebling's Estate, In re (N. J.).

359 Pennsylvania R. Co., Martin v. (Pá.). 631

Rom y. Huber (N. J. Sup.).

361 People's Bank, Ward v. (V. J.).

186
Root v. Connecticut Co. (Conn.).

506 Pepper, Conaway v. (Del. Super.).

676
Rowe, Coulter v. (Pa.)..

717 Perry, Otmer v. (N. J. Sup.).

369
Roy v. Bellevieu (Me.).

70 Perry County Telephone & Telegraph Co.

Royal Ins. Co., Cahill v. (Conn.)

544 v. Public Service Commission (Pa.)... 659

Rudner, State v. (N. J.).. Phelan v. Adam (N. H.). $14 Rubl, Thomas v. (Del. Super.).

78 Phelps, Cartan v. (N. J. Ch.).

114 Rutland Country Club, Clement v. (Vt.).: 813 Philadelphia, G. & N. R. Co. v. Philadephia

Rutz, Appeal of (N. J.).. & R. R. Co. (Pa.).

528
Ryan, Shannon v. (N. J. Ch.).

773 Philadelphia Rapid Transit Co., Laplacca

927 v. (Pa.).

Ryerson v. Carter (N. J.).....

612 Philadelphia Rapid Transit Co., Mackowski v. (Pa.)

169 Sachs v. High Clothing Co. (N. J. Ch.).. 58 Philadelphia E R. R. Co., Dutrey v. (Pa... 620 | Safiord, Morristown Trust Co. v. (N. J.).. 926

203 Philadelphia & R. R. Co., Philadelphia, G. & St. Onge, Ex parte (Vt.) N. R. Co. v. (Pa.)....

528 Salmon l'alls Mfg. Co., Spilene v. (N. H.) 808 Philbrick, Rockingham County Light &

Salmons' Will, In re (Del. Super.).

93 Power Co. v. (N. H.).. 813 Salvate v. Firemen's Ins. Co. (R. I.).. 579

254 Picanardi v. Emerson Hotel Co. (Md.).::: 483 Samaha, State v. (N. J.)... Pinder, State v. (Del. Gen. Sess.)

43

Samuel Stores, Inc., v. Abrams (Conn.)... 541 Pittsburgh, B. & L. E. R. Co., Mountz v.

Santurri, Carpenter v. (R. I.).

6.2 (Pa.) 170 Sappington v. Fairfax (Md.).

575 Pizzini v. Pizzini (N. J. Ch.). 8 Sarson v. Maccia (N. J. Ch.)

109 Platts v. Auclair (N. H.). 167 | Sault: Mason v. (Vt.):..

267

614
Powell. Columbia Nat. Bank v. (Pa.) ::. 415 Schaff, Appeal of (Pa.).
Powell, Germantown Trust Co. v. (Pa.):. 411 Schaper v. Cleveland & E. R. Co. (Pa.). . 407
Powell v. Moore's Estate (Vt.)..

398
Schilling v. Osten (Del. Super.).

741 Powell, Union Trust Co. of Pittsburgh v.

Schmelz v. Udetsky (R. I.)..

584 (Pa.)

411
School Code of 1919, In re (Del.).

39 Price, State v. (Del. O. & T.) 355 Schreiber v. Green (N. J. Ch.).

56 Prince, Snley v. (Me.)..

328

Schumacker v. Little Falls Tp. (N. J. Providence Amusement Co., O'Neil

Sun.)

113 (R. I.) 887 Scolardi v. Scolardi (R. I.)..

651 Public Service Commission, Perry County

Scoville, Lewis v. (Conn.)

501 Telephone & Telegraph Co. y. (l'a.). 659 Searsport Water Co., In re (Me.)..

452 Public Service R. Co., Fineberg v. (N. J.

Security Trust Co., Robinson v. (Conn.).. 665 Sup.)

311 Shaffer v. Mowery (Pa.).. Public Service R. Co. v. General Omnibus

Shannon v. Ryan (N. J. Ch.).

773 Co. of New Jersey (N. J. Sup.). 229 Shaw v. Hughes (Del. Ch.).

747 Public Utilities Commission v. Rhode Is

Shaw v. Shaw (N. J.)...

6 land Co. (R. I.)... 66 Shawell v. Shaweli (N. J. Ch.).

59

Sheridan, David Mayer Brewing Co. Queen v. Jennings (N. J. Sup.). 379 (N. J.)

366

Shuman v. Main, Beaver & Black Creek Rand, Rognier v.' (N. H.). 810 Mut. Fire Ins. Co. (l'a.).

265

15

54

v.

V.

.

92

303

(108 A.) Page

Page Bimmerman, Cimberland County Gas Co. Strong v. Dann (N. J. Ch.)...

86 V. (N. J.)... 925 Stubblefield, Dolph v. (Md.).

488 Sisk v. Rapuano (Conn.). 858 Stubblefield, Murphy v. (Md.).

523 Skillings, Googins v. (Me.)

50 Stuckey V. Rhode Island Co., two cases Slack v. Slack (N. J. Ch.) 118 (R. I.)..

581 Slater's Estate, In re (Pa.). 601 Sullivan, Kishalaski v. (Conn.)

538 Slavonian Roman Greek Catholic Union, Superior Court, Way v. (R. I.).

696 Emerick v. (N. J. Sup.).

223 Supreme Conclave of Improved Order of Sleppy, Bird v. (Pa.). 618 Heptasophs, Dittmaier v. (Md.).

794 Sliwowski v. New York, N. H. & II. R. Supreme Tent of Knights of Maccabees of Co. (Conn.) 805 the World, Groner v. (Pa.).

437 Small, Roberts v. (Me.)

97 Sutton v. Maurice River Tp. in CumberSmith v. Brunswick Laundry Co. (N. J.).. 184 land County (N. J.).

182 Smith, Higgins v. Me.).

102 Smith, New Jersey Title Guarantee & Tachin, State v. (N. J.)...

318 Trust Co. v. (N. J. Ch.) 16 Tanner v. Manchester (Conn.).

560 Smith v. Reynolds (Vt.)...

697 | Taxi & Yellow Taxi Operating Co. v. Dunn Snyder v. McGill (Pa.)... 410 (N. J. Ch.).

763 Snyder, Appeal of (Pá.)..

525 Taxi & Yellow Taxi Operating Co. v. HarSopel, Newmarket Electric Co. v. (N. H.) 382 vey (N. J. Ch.)..

763 Southern Maryland Agr. Ass'n, Close v. Taxi & Yellow Taxi Operating Co. v. Mar(Md.) 209 lin (N. J. Ch.).

763 Sparr v. Kidder (Pa.). 204 Taylor, State v. (Del. Gen. Sess.).

280 Spilene v. Salmon Falls Mfg. Co. (N. H.) 808 Tcath, Parker v. (R. I.)....

179 Stanley v. Prince (Me.).

328 | Tenbroeck, Commonwealth v. (Pa.) 635 State v. Agnesi (N. J.). 115 Teschner v. Falkenwalde (Md.).

467 State v. Bordeleau (Me.).. 461 Tetmeyer, Augat v. (Conn.).

510 State v. Bowen (N. J.). 255 Thomas v. Ruhl (Del. Super.).

78 State v. Carrigan (N. J. Sup.). 315 Thompson v. Hamm (Me.).

925 State v. Cohn (N. J.)..

15 Thompson v. Thompson (N. J. Ch.), 753 State v. Colgan (N. J. Sup.)

108 Thomson Mach. Co. v. Brown (N. J. Ch.) 116 State v. Collins (Del. Gen. Sess.)

78 Titleman, State v. (Del. Gen. Sess.)..... State v. Derry (Me.)..

568 Tompkins, Commonwealth v. (Pa.). 350 State v. Elliott (Vt.).

927 Tower Hill Connellsville Coke Co., Paolis State v. Fiore (N. J. Sup.).

v. (Pa.)

638 State, Fountain v. ( Md.).

473 Town Council of Town of Lincoln, Cruise State, Galliao v. (Del. Gen. Sess.).

279
& Smiley Const. Co. v. (R. I.).

419 State v. Goldenberg (Del. Gen. Sess.) 137 Town of East Montpelier, City of MontState v. Hahnel (Ne.). 755 pelier v. (Vt.).....

704 State v. Handy (Del. Gen. Sess.).

95 Town of Manchester, Tanner v. (Conn.).. 560 State v. Henry (Me.).

49 Town of Montclair, Miller v. (N. J. Sup.) 131 State v. Kelsie (Vt.)...

391 Town of Montclair, Miller v. (N. J.)..... 926 State v. La Rose (Me.).

925 | Town of Stratford, Kelsea v. (N. H.).. 298 State v. Levin (N. J.).

10 Town of Waterbury v. Central Vermont R. State v. Long (Del. O. & T.). 36 Co. (Vt.)..

423 State v. Nalvarosa (Del.Gen.Sess.)

95 Town of West Warwick, Appeals of (R. I.) 66 State v. Marriner (N. J. Sup.).. 306 | Townsend, Stato v. (Me.)

260 State v. Morris (N. J. Sup.).

705 Township of Blairstown, Robson v. (N. J. State v. O'Toole (Me.) 99 Sup.)

145 State v. Palese (Del. Gen. Sess.).

276 Township of Dover. Fischer v. (N. J.)... 925 State v. Pinder (Del. Gen. Sess.).

43 Township of Frelinghuysen, Cooper v. (N. State v. Price (Del, O. & T.).. 355 J. Sup.)

145 State v. Rudner (N. J.)...

15 Township of Little Falls, Schumacker v. State v. Samaba (N. J.). 254 (N. J. Sup.).

113 State v. Stidham (Del. Super.)

740 Township of Wall, Michaelson v. (N. J. State v. Tachin (V. J.)....

318
Sup.)

145 State v. Taylor (Del. Gen. Sess.).

Trask v. Karrick (Vt.)

816 State v. Titleman (Del. Gen. Sess.) 92 Trickey, Drummond v. (Me.)

72 State v. Townsend (Me.)... 200 Trottier v. Foley (R. I.).

66 State v. Verona (N. J.)... 2.30 Trottier v. Foley (R. I.).

498 State v. Visciani (R. I.)...

418 Trustees of Proprietors of Kingston v. State v. Weiss (Del. Gen. Sess.). 616 Kingston Coal Co. (Pa.)...

718 State v. Willey (Del. Gen. Sess.). 79) Tullock v. Connecticut Co. (Conn.).

556 State v. Young (N. J.)..

215 T. W. Lind Co. v. Nu-Fastener Co. (R. I.) 286 State Highway Route No. 72, In re (Pa.) 820 Tyler v. Patten's Estate (Me.)...... 260 Staw, In re (N. J. Ch.).

58 Stefanski. Goll v. (N. J.). 189 Udetsky, Schmelz v. (R. I.).

584 Steinert & Sons Co. v. Reed (De.). 331 Underwood v. Cray (Vt.).

513 Ste. Marie v. Wells (Vt.).

270 | Underwood Typewriter Co. v. Chamberlain Stephens v. Commissioners of Palisades In

(Conn.)

154 terstate Park (N. J.)....

645 Unexcelled Mig. Co., Hartman v. (N. J.).. 357 Sterling-Cox Shoe Co., Oren Hooper's Union Meeting House Soc., Davis v. (Vt.) 704 Sons v. (Me.)...

353 Union Trust Co. of Pittsburgh v. Powell Stevens v. Bourker (Vt.). 347 (Pa.)

441 Stevens v. Coirin (N. J.).

247 Union Trust Co. of Lancaster, Appeal of Stewart v. Fairchild-Baldwin Co. (N. J.) 301 (Pa.)

173 Stewart, Glenn v. (Pa.).

599 | United Rys. & Electric Co. of Baltimore, Stewart, Appeal of (Pa.) 352 Carr v. (Md.).

872 Stidham, State v. (Del. Super.)

740 United Rys. & Electric Co. of Baltimore Stokes v. Burlington County Trust Co. (N. City, Zipus v. (Md.).

884 J. Ch.)....

803 Stoner, Commonwealth v. (Pa.).

624 Valley Rys. v. Mechanicsburg (Pa.)..... 629 Stowell, Gibson v. (Vt.).

Van Wickle v. Van Wickle (N. J. Ch.)... 761 Streeter's Dependents v. Hunter (Vt.).... 394 / Vendetuoli, Albanese v. (R. I.)...

581

280

201

18

79

Page

Page Verona, State v. (N. J.).

250 Westendorf, Cranstoun v. (N. J. Ch.)... 776 Verrette, Floyd v. (N. H.)...

693 West Side Trust Co. of Newark, Pannonia Verschurr, Hirsh v. (N. J. Sup.).

181 Building & Loan Ass'n v. (N. J.).... 240 Victory Lumber Co., Essex Storage Elec- Whalley v. Lawrence's Estate (Vt.)...... 387 tric Co. v. (Vt.)..

426 Wharen v. Dershuck (Pa.). Viehmeier, Hays v. (Pa.).

526 W. H. Hobbs & Son v. Grand Trunk R. Vigeant, Maynard v. (R. I.) 61 Co. (Vt.)

199 Visciani, State v. (R. I.).. 418 White v. Levarn (Vt.)

564 Widman, Kearns v. (Conn.).

661 Walbridge v. Walbridge (Me.) 105 | Wilcox, Bright v. (R. I.).

177 Wall v. American Smelting & Refining Co. Wiley, McComas v. (Md.).

196 (N. J.).

235 Willey, State v. (Del. Gen. Sess.) Walter M. Lowney Co., Farmers' Exch. v. Williams v. Bair (Pa.).

527 (Vt.) 344 Williams v. Broening (Md.).

781 Ward v. People's Bank (N. J.).

186 Williamsburgh City Fire Ins. Co., Messler Warrington v. Reese (Del. Super.). 33 V. (R. 1.)..

832 Washington Camp No. 32, Patriotic Order Willoughby, Grapes v. (Vt.).

421 Sons of America, v, Klug (Md.).

521 Wilmington & Philadelphia Traction Co., Waterbury Trust Co. v. Weisman (Conn.) 550 Gardner v. (Del. Super.).

740 Watson, Look v. (Me.)..

106 Wilmington & 'Philadelphia Traction Co., Way v. Superior Court (R. I.) 696 Redding v. (Del. Super.)..

739 Weare, Johnson v. (Me.). 756 Wilson v. Martin's Estate (Md.)

797 Weisman, Waterbury Trust Co. v. (Conn.) 550 Winston v. Ladner (Pa.)....

22 Weiss, Muller v. (N. J. Ch.). 768 Wyman, Bryer v. (Me.).

331 Weiss, State v. (Del. Gen. Sess.)

646 Welch, Howland Dry Goods Co. v. (Conn.) 510 Yardley y. Essex County Board of TaxaWelcome, Niebyski v. (Vt.) 341 tion (N. J. Sup.).

299 Wells, Ste. Marie v. (Vt.). 270 | Young, State v. (N. J.).....

215 Welsh Mountain Mining & Kaolin Mfg. Co., Commonwealth v. (Pa.) 722 Zimmerman, McDermott v. (N. J.).

7 West' v. Jones (Del. Super.).

675 Zipus v. United Rys. & Electric Co. of Westchester Fire Ins. Co., Corlies v. (N. Baltimore City (Md.)..

884 J. Sup.)

152

THE

ATLANTIC REPORTER

VOLUME 108

(90 N. J. Eq. 396)

LEWIS, V. C. The bill was filed by the H. J. JAEGER CO. v. HANNAN. complainant, a body corporate, against the (No. 40–289.)

defendant, to compel him to account for and

pay over to the complainant the difference (Court of Chancery of New Jersey. Aug. 1, between what he paid for a certain piece of 1919.)

land in Weehawken, N. J., and the amount 1. BROKERS W34-REAL ESTATE AGENT MUST paid to him for it by the complainant. ACCOUNT TO PRINCIPAL FOR SECRET PROFITS.

The defendant, John M. Hannan, was a Where a real estate agent was engaged by real estate agent. Mr. H. J. Jaeger was the a corporation to procure for it a parcel of land president of the H. J. Jaeger Lamp Comon which it desired to erect a factory, and pany, the complainant. The Lamp Company fiduciary relation existed between the corpo- desired to purchase a tract of land upon ration and the agent, the agent cannot make which to erect a factory. By appropriate any secret profit out of the transaction, and resolutions the president was authorized to if he does so he must account therefor to his negotiate for the purchase of the tract in principal, the corporation.

question. He claims that he arranged with 2. BROKERS Cm8(1)—BURDEN OF PROVING FI•

Hannan to treat with the owner of the land DUCIARY RELATION ON PRINCIPAL.

and obtain it for him, Hannan to receive his Where a corporation sued a real estate commission on the sale from the owner. agent which it had engaged to procure for a fac- Hannan, in turn, arranged with Louis Mentory site, on the ground that despite the fidu- scheler to negotiate with the owner, and ciary relation he made a secret profit, the bur- told him to collect the brokerage for himself. den of establishing the fiduciary relation is on Hannan then informed Jaeger that the propthe corporation.

erty could not be purchased for the sum of 3. BROKERS C 8(3)— EVIDENCE OF EXISTENCE $2,000, which was the price fixed by Jaeger, OF FIDUCIARY RELATION.

and finally the purchase price was inflated to In a suit by a corporation to recover from $3,600, which is the consideration finally a real estate agent whom it had engaged to passing between Jaeger and Hannan. As the purchase for it a factory site, evidence held price advanced, however, during the negotiasufficient to establish that the agent occupied tions, Jaeger (who had also agreed to pay toward the corporation a fiduciary relation, so Hannan the same commission which the that he was not warranted in making a secret

owner was to pay) withdrew this part of the profit.

commission, and said that Hannan would 4. BROKERS (38(2)_EQUITY HAB JURISDIC- have to receive his entire compensation from TION

FOR BREACH OF TRUST BY the owner. AGENT.

During all these negotiations Hannan repEquity has jurisdiction of a suit by a cor- resented to Jaeger that he was unable to get poration against a real estate agent who was the property for the various figures menengaged to purchase a factory site for the cor- tioned, ranging from $2,000 to the final figure poration, and, notwithstanding the fiduciary re

of $3,600. latior, made a secret profit; the jurisdiction

The Monor Real Estate & Trust Company of equity not being affected by reason of the right of action at law on the quasi contract.

was the owner of the land. It agreed to

sell the land, as a result of these negotiaBill by the H. J. Jaeger Company against tions, for $2,250. The agreement was first John M. Hannan. Decree for complainant. taken in the name of Charles E. Gorrell, a

mere dummy. Weller & Lichtenstein, of Hoboken, for The agreement was drawn by George complainant.

Frankenstein, a member of the bar of this J. Emil Walscheid, of Town of Union, for state, acting for Hannan. He testified that defendant.

later on he learned that Gorrell was married,

OF SUIT

Om For other cases see samo topic and KEY-NUMBER in all Key-Numbered Digests and Indexes

108 A.-1

was

NOT LOAN.

PAID FROM HIS SHARE.

and that there would be difficulty in obtain

(89 N. J. Eq. 602) ing his wife's signature to a deed, and so RICKEY V. MOON CLAY & KAOLIN CO. the contract with the Manor Real Estate &

et al. Trust Company for the sale of this land was assigned to Charles A. Rubens, to whom (Court of Errors and Appeals of New Jersey.

Oct. 11, 1918.) che deed for the property was given by the Real Estate Company. The consideration 1. JOINT ADVENTURES 4(4)–CONSTRUCTION passing to the Real Estate Company was

OF AGREEMENT FOR REIMBURSEMENT OF PRO$2,250. There was considerable delay in

MOTER FROM PROFITS. closing the transaction, due, doubtless, to

Where plaintiff had obtained certain valuthe maneuvering thus employed; but finally, able contract rights, and a three-party agreeon June 10, 1915, title passed to Rubens be divided equally, and the first $8,000 was to

ment was entered into, whereby profits were to from the Real Estate Company, and then be used partly in paying off debts owing by Rubens executed the deed to the H. J. Jaeger plaintiff, such sum to “be regarded as expenses Company, the consideration for which was and first deducted out of said profits," the debts $3,600. Frankenstein

paid $150 for of the plaintiff should be deducted from the his services by Hannan.

profits before division, and not from the share Complainant, claiming to be the real party going to plaintiff, although the transaction as in interest, and for whom H. J. Jaeger, its originally contemplated was not carried through, president, simply acted as its agent in this but profits were made out of the joint adven

ture. transaction, now seeks an accounting from Hannan to the extent that Hannan received 2. MONEY LENT Em7(1)-PRESUMPTION THAT unjust profits in this transaction.

MONEY GIVEN IS IN PAYMENT OF DEBT AND [1] It is clear that if a fiduciary relation. ship is shown to have existed between com- by one person to another is given in payment of

There is a presumption that money given plainant and defendant, the defendant can

an obligation and not as a loan. not take any profit in this transaction, at the expense of the party whose interests he 3. JOINT ADVENTURES ww4(1)-ON DIVISION

OF PROFITS INTEREST ON LOAN TO PROMOTER was bound to protect, unless full disclosure was made and assented to by the complain

Where plaintiff obtained valuable contracts ant. Loudenslager v. Woodbury Heights and entered into a three-party agreement with Land Co., 58 N. J. Eq. 556, 43 Atl. 671.

defendants, wherein it was agreed that $10,000 [2] It seems equally clear that the burden should first be deducted from the profits, $3,000 of establishing the fiduciary relationship is of which was to be applied in payment of a loan upon the complainant.

to plaintiff by a third person, on division of the [3] I think there is ample evidence in this profits, plaintiff was not entitled to have intercase, direct and positive, with strong cor

est on the $3,000 deducted as expenses; such roborating facts and atmosphere to establish

interest being chargeable to plaintiff's share. the fact that Hannan, through his relations

Appeal from Court of Chancery. with Jaeger, was acting as the agent for the complainant, and that while so acting in

Bill by Walter H. Rickey against the Moon negotiating the purchase of the land in ques. Clay & Kaolin Company and others. From tion, maneuvered and manipulated a sale a decree for complainant, the defendants apfrom the owner, to a dummy, and then re

peal. Affirmed. sold to his principal at a profit. The exact The following is the opinion of Vice Chanamount of this profit is not disclosed by the cellor Backes: proofs, but when ascertained by a proper

In 1913 the complainant, Rickey, obtained accounting the defendant should be decreed from the defendant Moon what has been termed to pay that amount to the complainant. an option agreement, whereby Moon agreed to

If it is necessary to bring in Herman J. sell to Rickey his clay lands in Hamilton townJaeger as a party complainant in order to ship, at any time within two years, for $6,000 make the record technically correct for the per acre for the best clay lands, and $1,000 per granting of the relief stated, an order will acre for the balance. In February of the fol

lowing year Moon extended the option for a be made on application to make such an

further term of two years, or "until the deal amendment.

now pending is closed." The deal was Rickey's [4] The only doubt in my mind is whether negotiations with the Pennsylvania Railroad complainant has not an adequate remedy for a strip of land for its new freight line by law, either for damages or an action in across New Jersey, between Philadelphia and quasi contract against Hannan to recover the New York. Rickey then interested the defendamount of Hannan's profit. Dickinson v.

ant Muschert, and persuaded him to secure a Updike (Err, & App.) 49 Atl. 712. But I am

loan of $3,000 from his friend Watson upon a satisfied, after consideration, that the relief promise to pay Muschert one-tenth part of the here sought is of a clear equitable nature, signed the option to Watson as collateral secu

profits on the option agreement. Rickey asand that a decree in accordance herewith rity, and reduced to writing the 10 per cent. should be made. I will so advise.

I agreement with Muschert. He then got from

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