Jessey v. Butterfield

Opinion by

Mr. Justice Teller.

The plaintiff in error brought suit against the defendant in error on the ground of fraud in the sale to plaintiff by defendant of stock in the Montrose Fruit and Produce Association.

The complaint alleges that the defendant, for the purpose of inducing plaintiff to purchase fifty shares of said stock, falsely represented to plaintiff that the Capital Stock of said corporation' was $10,000, whereas in fact it was $25,000, of which fact plaintiff was ignorant: “That upon said false statements said Jessey purchased fifty shares of *258said stock,” paid $2,000 in cash…