Woert v. Olmstead

DALLAS FLANNAGAN, Referee.

This is an action for an accounting. The subject of the action is primarily a fund in the hands of the defendants Thompson & Mairs, which arose in the following manner: The defendants Olmstead & Taylor were stockbrokers, and the plaintiff and the defendants Pike, Comstock, Franklin & Seamans, and defendant Weeks’ assignor were customers of that Arm. The plaintiff and these customers" had on deposit with Olmstead & Taylor certain stocks, which Olmstead & Taylor held as collateral security for various sums due on their several accounts. Olmstead & Taylor intermingled…