Carlson v. Dixon

Tbe plaintiff claims that in July, 1903, be loaned -tbe defendant $1,000, taking as collateral security bonds of tbe Milwaukee Granite Company of tbe par value of $1,000. Stock in tbe same company to a like amount was delivered witb tbe-bonds, and it does not very clearly appear from plaintiff’s evidence'whether the stock was intended as security or as a gift or a bonus. This action is brought to foreclose tbe pledge and for a deficiency judgment.

Tbe defendant claims that be was a broker engaged in sell*64ing bonds, among others those of the Granite Company, and that he sold the bonds outright…