In re Hughes

This is a motion to dismiss the petition in the above proceeding upon the grounds that this court does not have jurisdiction of the subject matter and that the petition is insufficient as a matter of law.

On February 11, 1954, the petitioner, a resident of Syracuse, New York, bought 50 shares of common stock of Standard Oil Company (New Jersey). On January 19, 1955, he discovered *123that the certificates in his name, unassigned or transferred, had been lost.

The company refused to issue a new certificate unless petitioner qualified under the company’s blanket bond at a premium of about 6% of the…