McCoy v. Montgomery Ward & Co.

On and prior to March 29, 1930, E. 0. Stockburger was in the business of loaning money, selling notes sccured by mortgages and trust deeds, writing insurance and doing a general real estate business in Rockford as the Stockburger Agency. Frances McCoy, a widow, had written him that she had $1,150 to invest in trust deeds on Rockford property and on that day the Stock-burger Agency advised her that if she would send the money to them, they would issue to her an interest bearing receipt and would procure such a loan as she desired within a short time. On April 1, 1930, Mrs. McCoy sent him the…