Dobbs v. Pearl

In the early part of 1907, plaintiff commenced this action to recover $3,500, alleged to have -been lost by. the negligence of his brokers in failing to give plaintiff notice and do such other acts as were necessary to enable plaintiff to exchange 100 shares of stock of a salt company for stock in a reorganized company. Defendants held the stock as pledgees under the usual practice which obtains between the customer and the broker. Richardson v. Shaw, 203 U. S. 587, 27 Sup. Ct. 777, 51 E. Ed. 329. On this application for leave to amend his complaint plaintiff states in an affidavit that, on…