People ex rel. Benkard v. Goldfogle

Dowling, J.:

Relator is a resident of the city of New York and a member of the firm of J. P. Benkard & Co., with an office at 61 Broadway. He has capital invested in transacting the business of the firm, comprising a one-half interest in the -firm’s net assets, and also *714with capital invested in a seat in the New York Cotton Exchange and a seat in the Chicago Board of Trade, he being engaged in no other business than as a member of the firm and owning no other moneyed capital than in connection with such business.

On May 1, 1923, the firm of J. P. Benkard & Co. was engaged in the business of…