Minneapolis Threshing Machine Co. v. Davis
Supreme Court of Minnesota
Plaintiff brought this action in the district court for Hennepin county, for instalments alleged to be due from defendant as a subscriber to its capital stock. A jury was waived, and the action tried by Lochren, J., who held that the defendant never became a subscriber, and ordered judgment in his favor. A new trial was refused, and the plaintiff appealed.
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Plaintiff brought this action in the district court for Hennepin county, for instalments alleged to be due from defendant as a subscriber to its capital stock. A jury was waived, and the action tried by Lochren, J., who held that the defendant never became a subscriber, and ordered judgment in his favor. A new trial was refused, and the plaintiff appealed. The facts on which the question of the defendant’s liability turned are stated in the opinion, the material parts of the subscription papery Exhibits A and B, therein mentioned being as follows: “Memorandum of agreement made and entered…
1Opinion of the CourtMitchell, J.
This was an action to recover instalments due on subscriptions to stock of the plaintiff. The facts fully appear from *112the findings of the court, in connection with Exhibits A and B attached to the complaint. Those material for present purposes are that, a scheme having been started to organize a manufacturing corporation with $250,000 capital, whose works should be located at Junction City, near Minneapolis, and one McDonald having proposed that if the citizens of Minneapolis would subscribe $190,000 to the capital stock, he would subscribe the remaining $60,000, one Jamney, a promoter, but…
2Cases cited4 opinions
- Benton v. . MartinNew York Court of Appeals · 1873
- Westman v. KrumweideSupreme Court of Minnesota · 1883
- Beloit & Madison Railroad v. PalmerWisconsin Supreme Court · 1865
- Red Wing Hotel Co. v. FriedrichSupreme Court of Minnesota · 1879
3Cited by27 opinions
- Mendenhall v. UlrichSupreme Court of Minnesota · 1905
- Graham v. SavageSupreme Court of Minnesota · 1910
- Smith v. MussetterSupreme Court of Minnesota · 1894
- Steely v. Texas Improvement Co.Court of Appeals of Texas · 1909
- Badger Paper Co. v. RoseWisconsin Supreme Court · 1897
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