Summary

Portrait of James Moore Wayne James Moore Wayne New England Insurance Company v…

There is no way of doing so more effectual than by exposing the vessel to sale; by which the enterprise of such men is brought into competition as are accustomed to encounter such risks, and who know from experience how to estimate the probable profits and losses of such adventures. And we here say that the power of the master to sell the hull of his stranded vessel exists also as to her rigging and sails, which he may have stripped from her, after unsuccessful efforts to get her afloat
Source: Wikisource

Portrait of James Moore Wayne James Moore Wayne New England Insurance Company v…

This certainly in the case of such sales, at home, gives to the owners of a stranded vessel a stronger guard against imposition and fraud, than they can have in sales made in a foreign port; and serves to support the correctness of the opinion that the master's power to sell is not confined to a foreign port, or to a stranding in another state. This doctrine holds out no encouragement to the master to sell: it gives him no facility to sell, when it is not authorized by necessity, clearly made out, and exercised with good faith and sound discretion.
Source: Wikisource

Portrait of James Moore Wayne James Moore Wayne New England Insurance Company v…

The greater the facilities that are afforded, the stronger will be the temptation to make such sales fraudulently: and the fraud will be the more difficult of detection, in proportion as the necessity will be a question to be settled more by the opinions of the master and other witnesses, than by simple matters of fact. And even in cases where there may be no direct fraudulent intent, the facility of selling will proportionally lessen the efforts of the master and seamen to rescue their vessel from impending danger and loss; and the owners and underwriters will be made to suffer accordingly.
Source: Wikisource

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