This section is from the book "Manual Of Useful Information", by J. C Thomas. Also available from Amazon: Manual of useful Information.
The general rule is that the finder has a clear title against every one but the owner. The proprietor of a hotel or a shop has no right to demand property of others found on his premises. Such proprietor may make regulations in regard to lost property which will bind their employes, but they cannot bind the public. The finder has been held to stand in the place of the owner, so that he was permitted to prevail in an action against a person who found an article which the plaintiff had originally found, but subsequently lost. The police have no special rights in regard to articles lost, unless those rights are conferred by statute. Receivers of articles found are trustees for the owner or finder. They have no power to keep an article against the finder, any more than the finder has to retain an article against the owner.
 
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