PARAN MOODY, APPELLANT,

v.

WM. CAULK, RESPONDENT

RANDALL, C. J.,

delivered the opinion of the court.

There is but a single question raised by the assignment of errors which it seems necessary to notice, and that is, whether the court erred in the rule given to the' jury for estimating the damages in case they found a verdict for plaintiff under the count for the conversion. . ,

*52In that respect the court committed an error.

In the case of Robinson vs. Hartridge (13 Fla., 501, 515.) it was held that in a case of this character, the rule of estimating damages is to take the value of the goods at the time and place of conversion, and compute lawful interest thereon to the date of the verdict.

Sedgwick on'the Measure of Damages, 481, says :

“ I have' had occasion to notice the claim of damages for the use of property which has been sold and the price paid, between the time’when the cause of action accrued and that of the trial, and the analogous question where the use of the property is withheld, and we have seen that different rules have been prescribed by different tribunals. The same analogies should govern in trover; and it appears to me that on principle, unless the plaintiff lias been deprived of some particular use of his property, of which the other party was apprized, the rights of the parties are fixed at 'the time of the illegal act, be it the refusal to deliver or actual conversion, and that the damages should be estimated at that’time.”

This language of Mr. Sedgwick is approved in Arrowsmith vs. Gordon, 3 La. Ann. Rep., 487. The former was an action for the conversion of cotton. The rule fluctuates in some of the States, and in some the established rule differs from that in other States. Mr. Sedgwick has collated and examined the various decisions, and we can but agree with his conclusion upon principle, and we think that in actions for conversion where the subject of the action is ordinary merchandize, and like property which is the subject of traffic, or perishable property, the value .at the time of the unauthorized act, with interest, is the proper measure of damages. In the case of public stocks held as an investment, of rare pictures, jewels and like articles, held otherwise than for purposes of immediate commerce, it would be equitable and proper that the highest value after conversion should prevail, if the jury should be satisfied from the evidence that *53the plaintiff would have held the property up to the time of the advance in value ; for the defendant should make good the actual loss sustained by reason of his act. But this suggestion isprobabiy not applicable to the present ease. Judging from the testimony and the whole record, the jury found their verdict under the count for conversion, and in accordance with the rule laid down in the charge of the court.

The judgment must be reversed and a new trial granted.