New Albany & Salem Railroad v. Fields

This was an action by the railroad company against Fields, upon,an agreement in writing. The agreement is as follows:

“ We, the subscribers, agree to take the number of shares, of 50 dollars each, annexed to our names, in the capital stock of the New Albany and Salem Railroad Company, for the purpose of extending said road from Gosport to Indianapolis, by the river route, through Mooresville, and pay for the same in installments of three dollars and 33 and one-third cents per share every two months — the first installment to be due and payable on the first of September, 1851, and a similar…