Thomas Hoist Co. v. William J. Newman Co.

This cause is here on leave to appeal, granted to review a judgment of the Appellate Court for the First District reversing a decree rendered by the superior court of Cook county.

Appellant, the Thomas Hoist Company, filed a bill against appellees, the William J. Newman Company, the Ready Coal and Construction Company and Michael Ready, by which it sought to enforce a trust. By agreement the case was taken for decision by the chancellor on the pleadings and .exhibits without additional evidence. By the decree it was found that the contract involved in this litigation created a trust of the…