Thomas v. Peoples' Gas & Electric Co.

Briefly stated, the United Light & Bailways Company (a Delaware corporation with its principal place of business at Davenport, Iowa) had on the market in 1930 eer tain shares of stock. The Peoples’ Gas & Electric Company, through advertisement in the local newspapers in Mason City and through its subagent, J. E. McMahon, solicited purchasers for this stock. The plaintiff signed application to purchase the shares in controversy herein from the United Light & Railways Company, and did purchase the shares referred to in this action.

It is the claim of the plaintiff, and he testifies, that prior…