CH.  XXIII.]  INJUNCTIONS.  215

process  of  injunction.  In  regard  to  negotiable  securities,  as
by  their  being  transferred  to  a  bond  /dfc  bolder  without  notite,
the  latter  may  be  entitled  to  recover  upon  them,  notwithstand-
ing any  fraud  in  their  original  concoction,  or  the  loss  of  them
by  the  real  owner  ;  it  is  often  indispensable  to  the  security  of
the  party,  against  whose  rights  they  may  be  thus  made  avail-
able, to  obtain  an  injunction,  prohibiting  any  such  transfer.^

§  907.  The  same  principle  is  applied  to  restrain  the  trans-
fer of  stocks.,  Thus,  for  instance,  where  there  is  a  controversy
respecting  the  title  to  stock  under  different  wills,  an  injunction
will  be  granted  to  restrain  any  transfer  pendente  lite?  So,  an
injunction  will  be  granted,  where  the  title  to  stock  is  con-
troverted between  principal  and  agent  ;^  or  where  a  trustee
or  agent  attempts  to  transfer  it  for  his  own  benefit,  and  to
the  injury  of  the  party  beneficially  entitled  to  it.*  So,  an
injunction  will  be  granted  to  restrain  the  payment  of  money,
where  it  is  injurious  to  the  party  to  whom  it  belongs ;  or  where
it  is  in  violation  of  the  trust,  to  which  it  should  be  devoted.®
So,  it  will  be  granted  to  restrain  the  transfer  of  diamonds  or
other  valuables,  where  the  rightful  owner  may  be  in  danger  of
losing  them.^

§  9O8.  In  like  manner,  an  injunction  will  be  granted  to

160,  163 ;  Osborn  v.  Bank  of  the  United  States,  9  Wheaton,  E.  845 ;  Eden  on
Injnnctch.  14,  p.  313.
1  Ante,  §  703  ;  1  Madd.  Ch.  Pr.  127;  1  Fonbl.  Eq.  B.  1,  eh.  1,  §  8,  note  (jr) ;
Smith  «.  Haytwell,  Amb.  R.  66  ;  Lloyd  v.  Gurdon,  2  Swaust.  R.  180 ;  King  v.
