Read v. Memphis Gayoso Gas Co.
Tennessee Supreme Court
FROM SHELBY. Appeal in error from the judgment of the 1st Circuit -Court, September Term, 1870. C. W. Heiskell, J.
1Opinion of the CourtNicholson, C. J.
The Memphis Gayoso Gas Company sued S. P, Bead in the Circuit Court of Shelby county “for $300 on subscription in and to the Memphis Gayoso Gas Co. of stock made by the defendant, which said subscription for said sum of money was- made and due before institution of this suit; and said sum, with interest, is still due and unpaid.” Issues were made upon the pleas, one of which was, a failure of consideration, and another, non-assumpsit.
The cause was tried at the September Term, 1870, of the 1st Circuit Court of Shelby, when there was a verdict and judgment for the plaintiff for $353. After…
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