Whaley v. Neill

This is another case of agricultural commercial paper.' Some men, desirous of earning money without working for it, met at Springfield, Missouri, and pretended to organize “The Missouri and Kansas Grrain & Seed Association,” and to establish a board of . sixteen directors,' who in their by-laws were designated as “Our Honorable Board of Directors.” These by-laws were seventeen in number, and the two most important of them were the second and third. In the second they agreed to “hold together as one body.” *317In the third they agreed, “ that all grain be sold at $15 a bushel oí forty pounds, in…