Lewis v. Wilson

The defendant was sued as the president of the Consolidated Stock & Petroleum Exchange of New York, an association, unincorporated, consisting of more than seven members. Its business was limited to furnishing facilities to its members for the purchase and sale of petroleum, stocks, bonds, and other securities, agricultural and commercial products, ores, metals, and other minerals. The plaintiff became a member of the association at or about the time when it was formed, and he entered into contracts with William M. Banks for the sale to him of stock of the Delaware & Hudson Canal Company, the…