Browning v. Wells

Opinion op the Court by

Judge Stites —

Affirming.

In March, 1929, the Paintsville National Bank held a note against one Patrick for $4,000, secured by 1,000 shares of the capital stock of the Venus Oil Corporation of the par value of $10 per share. Patrick apparently was being crowded by Ms creditors at the time, and he approached the appellant, Iley B. Browning,’ and offered to sell Mm the 1,000 shares of Venus Oil Corporation stock pledged on the note, together with 1,340 shares of the same stock owned by Patrick’s wife. The proof indicates that the stock in the oil company had a narrow…