McDougall v. Hepden

D. A. McDougall and James Hepden each owned fifty per cent of the capital stock of Mc-Dougall, Hepden and Boden, Incorporated, a domestic corporation which maintained a business at 207 First avenue south, Seattle, for a number of years, consisting of a restaurant, a bar at which the corporation was authorized to sell wine and beer, a card room, and an employment agency. It was the practice of the corporation to lend money to loggers, for which those borrowers would sign an “I. O. U.,” which was carried by the corporation as cash. At times, the men would leave money with the corporation for…