Citation Numbers: 21 F.2d 798
Judges: Hutcheson
Filed Date: 10/4/1927
Status: Precedential
Modified Date: 7/23/2022
This is a bill of interpleader, filed by Philip Elting, collector of customs of the port of New York, stating that he holds in his hands a certain fund, consisting of $597, which is claimed by both of the defendants, each in his own right.
Defendant filed a motion, which was heard before Judge Mack, to dismiss the complaint,
While the question is interesting, I regard the decision of Judge Mack on the motion as having settled the law of the case on that point, and that there is nothing before me but the ease on the merits as between the claimants. That case is that the Seager Steamship Company, as managing agent for the United States, filed a claim of lien for the United States as owner of the vessel, that the contract of agency has now been terminated, and that there is some dispute between the principal and the agent as to the question of adjustment of accounts between them.
I regard these matters as wholly immaterial, and that the fundamental principle invoked by the United States is sound that, where an agent starts a proceeding to obtain money for his principal, the principal may, as to the third party involved, collect his own money.
The agency agreement does not change, but, on the contrary, confirms, this. Clauses 8 and 9 provide:
“ (8) The agent agrees to collect when due all freight and other moneys accruing to the corporation.
“ (9) The agent agrees to deposit all moneys collected on behalf of the corporation in a national bank * * * as a separate fund in the name of the United States Shipping Board Emergency Fleet Corporation, which moneys shall, in so far as the agent is concerned, be the property of the corporation; and whenever the treasurer of the corporation considers the public interest demands they shall be subject to cheek by him as well as by the agent.”
Clause 14, covering general and particular average, the ease at bar, provides:
“The agent shall take liens, and all other possible measures to protect the interests of the corporation.”
Clause 16 provides:
“The corporation shall have the right at any time to terminate this agreement, * * * and to assume control forthwith of any or all of said vessels, and to collect directly all freight moneys or any debts remaining unpaid.”
Whether, then, viewed as the assertion of the ordinary right of a principal to take dii rect possession of his goods or moneys without the intermediation of his agent,, or on the terms of the agency contract itself, the contract having been terminated, and the government having asserted the right to take the moneys direct, it is to my mind plain that the United States is entitled to the fund.
Let a decree in conformity be entered.