Central Guarantee Co. v. National Bank of Tacoma

On August 4, 1920, the respondent, The National Bank of Tacoma, entered into a subscription contract with the appellant, Central Guarantee Company, reading as follows:

“City of Tacoma, Wash., 8/4/1920

“Central Guarantee Company

Fifth Avenue Bldg.,

New York City, N. Y.

“Please send to our address for 5 years Special Mercantile Edition of The Merchants ’ Bank Directory and List of Guaranteed Attorneys, for which we will pay the sum of 100.00 Dollars per year on receipt of first copy following date of contract, and annually thereafter. Subscription commences 1-1-21. Subscription ends 1-1-2G.…