Garland v. Wilson

Opinion by

Mr. Justice Walling,

In the spring of 1919, John W. Garland, the plaintiff, was the promoter of a project to erect a hotel in Pittsburgh, to be known as the “Roosevelt Hotel.” For that purpose he undertook to incorporate the Roosevelt Hotel Company, with a capital stock of two and one-half million dollars and parties were authorized to obtain subscriptions thereto. An option was secured on a suitable site, but stock to the par value of $44,000 only was sold and the project failed. No charter therefor was secured or, so far as appears, applied for. The money not being returned to the…