Whaley v. Niven

Appellant seeks by this s-uit to recover the sum paid by him for a thousand dollars of the capital stock of the Citizens ’ Bank of Pine Bluff and the amount of a subsequent stockholder’s liability he was required to pay by reason of the ownership of this stock.

In supp-ort of the allegations of his complaint, appellant testified that a close and intimate relationship existed between himself and appellee, who was an active vice president of the bank, and the owner of a large amount of its capital stock. Appellant desired to make a small investment, and spoke to appellee, in 1923, about the…