Wilson v. Garland

Per Curiam,

In 1920, a bill in equity was filed by John S. Wilson, for himself and other subscribers to the stock of the Roosevelt Hotel Company, alleging the promotion of that company by the present appellant, John W. Garland, and others, and the collection by them of cash stock subscriptions from plaintiff and others. It further alleged that no steps had been taken to incorporate the company, that Garland had abandoned the project and heavily encumbered the land in which $44,000 of the stock-subscription moneys were invested, diverting the proceeds to Ms personal use. The prayer of the bill…