Eberbach v. Woods

Prior to the month of December, 1919, the plaintiff had purchased certain fractional leasehold interests in what was supposed to be oil producing territory in Oklahoma. Certain stock of the Prairie Oil & Gas Company was pledged as a guarantee of a return on this investment. The sale was made in conformity with what was known as the Aldrich Blake plan. The total amount of his investment was $962.50. For some time he received monthly payments of his share of the oil produced on one of the leases, amounting to more than 10 per cent, of his investment. His counsel say:

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