(Download) "Pleasants v. the Maryland Insurance Company" by United States Supreme Court ~ eBook PDF Kindle ePub Free
eBook details
- Title: Pleasants v. the Maryland Insurance Company
- Author : United States Supreme Court
- Release Date : January 12, 1814
- Genre: Law,Books,Professional & Technical,
- Pages : * pages
- Size : 64 KB
Description
February 21st. All the Judges being present, This is the case of an insurance on a voyage from St. Petersburgh or Cronstadt to Philadelphia, effected in the year 1810. The vessel was captured and the assured abandoned. The only difficulty arises on the principles upon which the loss shall be adjusted. Besides this policy, eight others were effected in Philadelphia. In seven of them no valuation was attached to the ruble. In the eighth it was valued at 40 cents, and on this, which was the ninth in order, at 46 cents. In settling the seven first the ruble was estimated at thirty-three and a third cents, which was the received value at Philadelphia. On the eighth it was settled at the stipulated value of 40 cents. The value of goods laden on board the ship was proved to be 95,565 rubles. The sums paid on the eight first policies corresponded to the adjusted value of 94,084 rubles, leaving a balance of only 1,481: equal, at 46 cents, to about 682 dollars unpaid. But if the whole amount of the cargo be brought into dollars at 46 cents to the ruble, and the sum in dollars actually paid on the other policies be deducted, there will still remain more unpaid than would exhaust the whole sum underwritten on the ninth policy.