Glick Cleaning Laundry Co. v. Wade, Adm.

M. G. Wade, as administrator of the estate of Hopkins Wade, alleged in a joint action against Glick Cleaning Laundry Company and D. D. Panich that the intestate died owning 480 shares of stock in the Laundry corporation. This, the administrator said, had at all times been Wade's property, although issued to Panich, and by Panich indorsed and mailed to Wade.

Panich was served April 4, 1942. His answer of July 22 was a general denial. Shortly thereafter the Laundry corporation answered, admitting issuance of the stock and liability to the true owner. The answer was in the nature of an…