National Thrift Assn. v. Crews.

This is a mandamus proceeding to compel the corporation commissioner of this state to issue a dealer’s permit to the plaintiff authorizing it to sell certain securities. A demurrer was sustained to the alternative writ. Plaintiff refused to plead further and judgment was entered dismissing the action. The writ, so far as material to a consideration of this cause, recites that the- plaintiff corporation made application to defendant for permission to sell contracts, of which the following is a copy:

“Class C. No._

“Thrift Ticket

“Issued by the

“National Thrift Association,

“Eugene, Oregon.

“For the…