Marblehead Bank Co. v. Raridon

(of the Seventh District, sitting in place of Houck, J.). It is difficult to tell what theory of the case was in the mind of the pleader when the petition was drawn, but, stripped of much of its useless verbiage, it seems to set forth the circumstances leading up to the incorporation of The Marblehead Bank Company and certain transactions which took place after the incorporation of the company.

The amended petition avers that the defendant, S. A. Raridon, was the promoter of the bank company and had as his associate one W. C. Pollock; that they induced certain persons to become stockholders in…