Bower v. Johnson

This controversy, it appears, grew out of the following state of facts:

On the thirty-first of January, 1870, the plaintiff received from Bruce, Simpson & Co., merchants of Liverpool, a telegraphic dispatch offering for sale five hundred bales of good middling cotton at 11J pence sterling per pound, and offering to hold the same if covered by a proper margin. The plaintiff thereupon communicated this dispatch to several parties, and the defendants, W. A. Johnson, Hugh Allison & Co., R. L.. Adams & Son, and L. N. Lane, severally agreed each to take one-fourth of the cotton, and each deposited…