Crum v. Patterson

THOMPSON, Circuit Judge.

™ . The appellant, plaintiff below, filed a bill m equity m the court of common pleas of Cambria county Pa., against James G. Patterson, individually and R. G. Holsing, as receiver of the First National Bank of Portage, Pa. The bill set out that Patterson was the president of the bank and was the owner of ten shares of its capital stock; that Patterson induced the appellant to purchase these shares of stock at the price of $225 per share, in rebanee upon Patterson’s statements as to the value of the stock and the good tinancial condition of the bank, whieh statements,…