Smith v. Gladney

GERMAN, Commissioner.

The only question in this case is whether or not an award of arbitrators based upon a gambling transaction can be enforced in a proceeding in court. Plaintiff in error, Bert K. Smith, and defendant in error, S. W. Gladney, had certain dealings involving trading in futures upon the Chicago Board of Trade. Such transactions were undoubtedly in violation of public policy. In these dealings Smith became indebted to Gladney, so the latter claimed. A dispute arose, and the matter was submitted to the Arbitration Compiittee of the Fort Worth Grain & Cotton Exchange, of which…