Jasper Republican, Volume 2, Number 14, Rensselaer, Jasper County, 17 December 1875 — A Warning to Reckless Advisers. [ARTICLE]

A Warning to Reckless Advisers.

The Baltimore Sun says a singular case was recently decided in the Circuit Court for Washington County, Maryland. It was given in evidence on the trial that in 1871 Mrs. Busan Weckler asked th# First National Bank of Hagerstown to cash a draft on New York for $1,047. The teller of the bank, John D. Newcomer, being told by her that she wanted to invest SI,OOO in Washington County bonds, advised her that a better investment would be in Northern Pacific Railroad bonds, which have since depreciated to about fifteen cents on the dollar. He told her, as an inducement for such investment, that Dr. Smith, her physician, had invested SIO,OOO in the Northern Pacific Railroad bonds, and this assurance induced her to invest in them also. Her son-in-law confirmed her testimony, having been present at the conversation. Hie action was brought against the teller of the bank to recover the amount invested under deceitful representation. The jury gave a verdict in Mrs. Weckier’s favor. The defendant denied the allegations of deceit, and said that at that time the railroad bonds were esteemed as an excellent investment Dr. Smith testified that he had never invested in the Pacific Railroad bonds, and never tsld anyone 1 that he bed any. Mrs. Weckler first brought her action against the bank, bat the Court decided that it could not be maintained. Mr. Newcomer has filed a motifo for a o§w trial,