Elliott v. Vance

'BOULDIN, Justice.

This litigation involves the title and interest of the parties in sixteen (16) shares of the Capital Stock of Phelps-Dodge Corporation of New York, represented by stock certificate No. 24862.

The issues on this appeal may probably be best shown by a brief statement of events in chronological order:

In 1932, Emily R. McBride, the owner of this stock, wishing to raise money on it, delivered the certificate to her agent, L., W. Gibbons, who in turn delivered it to J. J. Elliott, the printed form of assignment on the back signed “Miss Emily R. McBride” in presence of “L. W.…