Gordon v. Ralston

This is a suit to foreclose an alleged lien on two certificates of stock alleged to have been issued to the defendant as a subscriber therefor by the Mortgage Investment Company, an Oregon corporation which has since been adjudged a bankrupt. These certificates, the complaint alleges, were issued and delivered to the defendant and were by him returned to the company as a pledge to secure the payment of a promissory note for $5,000 which the defendant gave in payment therefor. The whole evidence, however, shows that these certificates were never delivered to the defendant nor were they ever in…