Ihnen v. South Omaha Live Stock Exchange

Tlie plaintiff is a member of the South Omaha Live Stock Exchange. He is a dealer in live stock, and does business in the name of the “Parmer’s Live Stock Commission Company,” of which he is the sole owner. The defendant exchange is a voluntary association of persons not incorporated, organized to establish and maintain a commercial exchange, but not for pecuniary gain or profit.

For its government the defendant has a code consisting of many rules, regulations and by-laws. The control of the defendant association is committed by its rules to a board of nine directors, a president and a…