This Supreme Court case involved the dispute between Frederick Schuchardt and Frederick Gebbard, who were libellants and appellants, and Winthrop S. Babbidge and others, who were claimants of half of the proceeds from a ship called Angelique. The court found that there was no evidence to support the claim by Babbidge et al., as they had not provided any proof that they owned an interest in the vessel or its cargo at any time before it was sold for salvage. Furthermore, even if their claim had been validly established prior to sale, it would have been extinguished when Schuchardt purchased all rights in both vessel and cargo from another party with full knowledge of Babbidge's claim. As such, Schuchardt was entitled to keep all proceeds from his purchase without having to pay anything out to Babbidge et al..

In the dissenting opinion of this US Supreme Court case, Justice Curtis argued that the libellants had failed to prove their claim and should not be entitled to any portion of the proceeds from the ship Angelique. He noted that there was no evidence presented in court showing a legal transfer or assignment of title for ownership rights over said vessel. Furthermore, he pointed out that even if such an assignment did exist, it would have been invalid due to its lack of compliance with maritime law requirements at the time. As such, he concluded that since no valid proof could be found establishing ownership rights over said vessel by either party involved in this dispute, neither side should receive any compensation from its sale proceeds.