Merrill v. Muzzy

The opinion of the court was delivered by

Hoyt, G. J.

In 1890, Spokane College, a corporation organized under the laws of the State of Washington, desired to borrow twenty thousand dollars, and *17for that purpose authorized one A. E. Lasher, its former president, to go east and negotiate a loan for that amount. Said Lasher entered into communication with one Frank J. Webb, a broker in investment securities, in Syracuse, New York, and addressed to him a communication of which the following is a copy:

“Syracuse, N. Y., June 19, 1890.

“Dear Sir: Spokane College, Spokane Falls, Washington, desires to…