Present, WILSON and PETERS, Justices.
BILL in Equity. This bill stated that on the 31st of December, 1790, the defendants, merchants of Amsterdam, had executed to the complainant (who resided at the same place) a Power of Attorney to receive to his own use, the interest due on 180,000 dollars of certificates of the United States bearing interest at 6 per cent, from the 1st Jan. 1788, to the 31st Dec. 1790, amounting to 32,400 dollars; but that, notwithstanding this assignment, the defendants on the 16th June 1792, received certificates for the 32,400 dollars of interest, and agreeably to the act of Congress, funded the amount at 3 per cent in their own names. The Bill then prayed relief, according to the equity of the case, and that an injunction might issue to prevent the defendants from transferring the stock, or receiving the principal or interest; and also to prevent the Register and Transfer Clerk of the Treasury, and the Cashier of the Bank of the United States, from allowing a transfer, or paying the principal or interest of the stock, pending the suit. On filing the Bill, Du Ponceau exhibited to the Court the Power of Attorney duly authenticated, from the defendants to the complainants; and his own affidavit stating, that he had inspected the books of the Treasury, where he saw that the identical stock in question was registered in the names of the defendants. Under these circumstances the injunction issued; but no subpœna was ever taken out, nor any further proceedings had in the suit 'till the present term, when Lewis moved for a rule to shew cause, why the injunction should not be dissolved. Before the motion was argued, Du Ponceau filed another affidavit stating, that the delay in issuing process was by mistake and accident; and not from motives of malice and oppression; that he had heard Lewis was to make the present motion near a year ago; and that in expectation it would be made, he had suspended the proceedings on the part of the complainant, intending as soon as Lewis should appear in the cause to serve him with the process, as Clerk in Court. Lewis admitted that he had been applied to about a year ago, not on behalf of the defendants, but of Messrs. Pollocks, who claimed the stock (as he alledged) by virtue of a deposit from the complainant himself; but, he insisted, that he had postponed making his application to the Court one term, at the instance of Du Ponceau. These facts being understood,
PETERS, Justice:
If this were not a case, in which an irreparable injury might be done, by allowing the Stock to be placed beyond the jurisdiction of the Court, it would, perhaps, be proper to insist upon a more rigid practice than has been pursued. But the dissolution of the injunction would, probably, put the property out of the power of the Court; and incapacitate us from doing justice hereafter to the parties, according to the real merits of their respective pretensions. It is proper, however, to observe, that I do not think an affidavit to the contents of a Bill, is the only foundation for issuing an injunction. Harrison, on this point, is himself a respectable authority, though he cites no other book: but, independent of all written authorities, reason and the dictates of justice require, that other proof besides the party's oath should be allowed. Nor, under all the circumstances, can I decide, that the delay which has occurred is without a reasonable excuse. It will be proper, however, in continuing the injunction, to apprise the complainant, that, unless some good cause to the contrary is shewn, I shall be for dissolving it, at the next term.
WILSON, Justice:
This motion is made on two grounds: — 1st. That the injunction originally issued on an improper foundation; and 2d. That there has been an unreasonable delay in bringing the suit to a decision under it. It does not appear to me, however, that either of these grounds is sufficiently supported. The irregularity rests solely on the want of an affidavit; but this, though it is frequently, and, perhaps, generally, the mode of proceeding, is not, in my opinion, the only one. In the very case now before the Court, the evidence of the Power of Attorney, operating effectually as a transfer of the property, is certainly stronger evidence, than an affidavit of the interested party. With respect to the delay, it is sworn to have happened through inadvertance and mistake; and no evidence of a wilful procrastination has appeared in the course of the discussion. On the contrary, an overture has been made to bring the merits to a hearing, as expeditiously as can be devised. It is to be considered, likewise, that if the injunction is dissolved, the Court put it out of their power to do effectual justice; but, if it is continued, justice can be done, eventually, to the injured party; whether the complainant, the defendant, or Messrs. Pollocks, shall establish a title to the property.
The motion refused.