Plate v. Detroit Fidelity & Surety Co.

This is al bill to require defendant to surrender for cancellation plaintiff’s subscription for 50 shares of its capital stock,. return $1,250 paid thereon and two notes, each for $1,875. Defendant employed Walter W. Tait to sell its capital stock, and Mr. Tait employed B. O. Scott to solicit subscriptions. Mr. Scott visited plaintiff and represented to her that the company was making profits to the extent it had paid as high as 40 per cent, in dividends per year upon its common stock, and that dividends of from 5 to 6 per cent, would be paid each quarter of a year, and if she would purchase…