Citation Numbers: 23 N.Y.S. 1095, 10 N.Y. Crim. 467, 53 St. Rep. 536, 77 N.Y. Sup. Ct. 80, 53 N.Y. St. Rep. 536, 70 Hun 80
Judges: Lewis
Filed Date: 6/23/1893
Status: Precedential
Modified Date: 11/12/2024
The court of appeals has decided that the indictment charges the defendant with committing the crime of larceny. 33 N. E. Rep. 547. There was evidence tending to show that the Lockport Street-Bailroad Company was an incorporated company; that it owned the usual equipment of a street railroad, consisting of iron rails, street cars, etc. The company had operated the road for three years, and up to the 1st day of January, 1891, when the business, not having proved to be profitable, was suspended. The cars were operated by horse power. In the month of July thereafter the defendant entered into negotiations with the company with the avowed purpose of purchasing the franchise and the plant and converting it into an electric road. He claimed to represent a western construction company by the name of the United States Bailway Equipment & Construction Company. The negotiations resulted in the execution of a written contract bearing date July 27,1891. It was executed on the part of the construction company by the defendant, as general manager thereof, and by E. M. Ashley and John Hodge for the Lockport Company, Ashley and Hodge being at the time the owners of all the stock of the railroad company. The contract provided that the construction company should proceed within 30 days to effect the changes of the system of operating the road, and complete the same by the 1st day of January, 1892. It further provided for the sale and transfer of the stock of the railroad company to the construction company upon the payment by the latter for the stock in a maimer stated in the contract. It further provided that Hodge and Ashley should turn over to the construction company, at the time of the delivery of the stock, all the property of the company, consisting of its franchise, railway track, eight street cars, etc. The property was not to be delivered to the construction company until it was paid for as provided for in the agreement. "From the time of executing the contract, the evidence tends to show that the defendant devoted his time and talents to obtaining by various devices possession of the property of the railway company without paying anything for it. Under the pretense that it would be necessary to exchange the rails for heavier ones, the defendant secured possession of them, and sold them for $2,800 or $2,900, and appropriated the principal part, if not all, of the proceeds of the sale to his own use. He sold the rails at considerably less than their market value. He obtained possession