Drake Hotel Co. v. Crane

Action upon a subscription of appellant to the capital stock of respondent. A demurrer to the answer of defendant was sustained and he refusing to plead further judgment went against him and he has appealed.

'The stock subscription signed by defendant was copied in full in the body of the petition filed by plaintiff and contained the following provisions: “I hereby promise to pay E. B. Jacobs, H. M. Boggess, F. B. Williams, W. E. Carter and J. C. Wyatt, trustees for the purpose hereinafter mentioned the sum of One Thousand Dollars ($1000); 20% of said sum to be paid on or before October…