Morrison Waite

“ Although it was agreed that the goods were actually worth more than $4,000 and the loss was total, it was one of the conditions of the insurance that the adjustment should be made upon the valuation specified in the policy. The actual value of the goods at the time of the insurance or of the loss is therefore unimportant.
We cannot accept the stipulation of the parties, that judgment might be entered for $5,010, if the court should be of opinion that the plaintiffs were entitled to recover at all, as giving us jurisdiction. ”

“ Louis from the port of Liverpool, England, on some steam-boat whose name was then unknown to said firm, of the merchandise mentioned in the plaintiffs' petition, and requested defendant to enter said shipment on defendant's books at the valuation of four thousand dollars, and then and there delivered to defendant a written and printed application for entering said merchandise under said policy upon a blank form furnished by defendant therefor. ”

“ Schacker v. Hartford Fire Ins. Co. 93 U.S. 241; Gray v. Blanchard, 97 U.S. 565; Tintsman v. Nat. Bank, 100 U.S. 6; Banking Ass'n v. Ins. Ass'n, 102 U.S. 121; Hilton v. Dickinson, 108 U.S.-, [2 SUP.CT. REP. 424.] ”