Ward v. Vosburgh

This is undoubtedly a hard case for the defendant, and, if the court could see its way clear to relieve him from the liability which is sought to be enforced against him, it would be glad to do so. So many decisions have been rendered by various courts upon the particular question we have here to decide, in which may be found the expression of conflicting views, that it is not easy to arrive at a conclusion unattended with doubts. One proposition is well settled, namely, that *13where in fact no purchase or sale of property is intended, but simply a wager on the rise or fall of prices, the…