Parsons v. McKinley
Supreme Court of Minnesota
Appeal by defendant, William McKinley, from an order of the District Court of St, Louis County, Charles L. Lewis, J., made August 8, 1893, denying Ms motion for a new trial. On February 24, 1892, the plaintiff, Arthur L. Parsons purchased of defendant at Duluth two hundred shares of stock in the Charleston Iron Company, a mining corporation organized under the laws of this state and owning mining land on the Mesaba range in St. Louis County.
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Appeal by defendant, William McKinley, from an order of the District Court of St, Louis County, Charles L. Lewis, J., made August 8, 1893, denying Ms motion for a new trial. On February 24, 1892, the plaintiff, Arthur L. Parsons purchased of defendant at Duluth two hundred shares of stock in the Charleston Iron Company, a mining corporation organized under the laws of this state and owning mining land on the Mesaba range in St. Louis County. He paid $400 and agreed to pay $2,200 more for the stock and it was left with defendant as security for the payment of plaintiff’s notes for the unpaid…
1Opinion of the CourtCollins, J.
There is but one feature of this case which we need to consider, and that is presented by appellant’s fifth assignment of error, — that the conclusion of law ordering judgment in plaintiff’s favor was not justified by the findings of fact. When purchasing stock shares of the Charleston Iron Company from defendant, in February, 1892, plaintiff paid a part of the agreed price, and executed and delivered his promissory notes for the balance. These notes were renewed and interest was paid several times, the last renewal being in June, 1892.
This action was commenced in January, 1893, to compel-a…
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