Nicoll v. Mason

It appears that in the year 1835, Charles Butler, Edward A. Hicoll, William Bard and seven other persons, all residing in the city of Hew York, united with Kinzie & Pearson, of the city of Chicago, in a speculation in western lands and real estate. It was agreed that the persons residing in Hew York should each advance the sum of $5,000, making an aggregate sum of $50,000, which Kinzie & Pearson were to invest in western lands, sell the same, and re-invest the proceeds in other real estate at their own discretion, having the entire control of the enterprise, but were to charge nothing for…