People ex rel. Briggs v. Hanley

Dowling, J.:

In 1913 James E. Foye was a clerk employed in the transfer department of the Farmers’ Loan & Trust Company, in the City of New York, at a salary of $75 a month. He corresponded with Charles T. Brown, of Philadelphia, who had advertised in the newspapers his ability to loan money, and inquired of the later if he would' loan $10,000 on Foye’s note *152for six months with Stock Exchange collateral. On receiving a reply in the affirmative Foye, who had obtained possession of twenty-six blank certificates of stock of the General Electric Company through his position with the trust company,…