Little v. Kohn

J. B. McPHERSON, District Judge.

The defendant was a stock holder in a Kansas corporation, the Lombard Investment Company, and is now sued upon the double liability created by the Constitution and laws of that state. One of his defenses is the Pennsylvania statute of limitation, passed in 1713 (1 Smith’s Laws, p. 76), to which the plaintiff replies that the statute does not cover the case, and that nothing can bar the suit except the presumption of payment, which has not yet arisen. A very complete history of the company’s affairs is given by Judge Van Devanter in the course of an interesting…