Show jk tho transferring of ruining stocks aiom one individual to another 19 of such frequent without the 5 proper transfer being mide the blobs boobs of the incorporation entitling thereby much trouble and frequent Ire quent lawsuits that we bave deemed it necessary to append the decision of the su californi Califor nn with com menag from the philadelphia sliming nal A case was recently decad b the Suii remo court of which announced a rule governing go veining the and transfer tian 0 certificates of stock in corporations which 13 of the utmost importance to the business community 1 he rule established is so technical and exacting in its re qu repeats that those dealing in this kind of personality will do well to obtain a correct understanding of the full scope of tho decision the case referred to Is that of the farmers national gold bank on january one was the own er and holder ot eight shares of thecae ital stock of the home mutual insurance company which ho on that day to the bank as collateral collate ial security for a loan tho stock was allow bd td stand on tho booke of tho corporation in the of wilson knowing nothing about the transfer of the certificates to the bank attached the stock in suit brought against wilson followed up tho attach e ment ath a judgment and on execution was proceeding proceed ng to soil the stock through the shai iff when the bank obtained an injunction stopping tho sale until the right to tho stock could bo dc term mod in passing menta of the cise the supreme court holds that may be by endorsement either b purchasers or pled gees and tho transfer will be good against an attachment against the party in choso whoso aarao tho block stands re corded on the books of the corporation in other word no ono can tell by look ing at the books of a corporations bp are and must find the certificates if they want to make swe of attachment tach ment of certificates of stock therefore is good against an attachment levied on tho stock standing tho of the on tho boaks of tho corporation the court however holds thai if the porton to whom the has been transferred allows the attaching creditor of tho person transferring the stock and whose name tho stock stands on tho books of the corporation to sell the stock at sheriffs sale to a person who knows nothing about the transfer of tho i of stock the purchaser will then get a better title to tru stock than the holder of tho unrecorded certificate this dealu ton makes certificates of stock transferred from hand to band by in dor without an change jbf own enship being mado on tho books of alio corporation good as against all attachments the owner but not rood against one who purchases stock at the sale of the stock by the sheriff without having been notified noti Bied of the of the certificates in vw of tho fact that immense sums aro daily ch ingin hands on the faith of certificates of stock tho rules announced by tho supreme court of california in tm de casion will be found to bo of no little importance to tho u of tho community j v THE committee on mines and mining did a moat noble job when they reported adversely on the bill taxing bullion A who as pie sent while the question was bems said be waa surprised sed to see the feeling exhibited against the passage of the bill if the utah Legia ture would have made that bill a law it would have killed one most cip ital would have sought other places for investment it is predicted however that bunay would have otred the bill ad passed both houes and perhaps the committee realized this and concluded they would not give his excellency the op t auant mosi somi times tell |