Ross
Ross v. American Security & Fidelity Co.
Opinion
Lead Opinion
Tuttle, J.
This is an action to determine the ownership of certain corporate stock. The trial court found that plaintiff was not the owner thereof. From the judgment entered upon said findings, plaintiff appeals, relying upon the insufficiency of the evidence to support the findings.
The original plaintiff in this action was J. B. Treadwell. He died while the ease was pending and his executrix has been substituted in his stead. Where the word “plaintiff” is used hereafter it refers to the original plaintiff.
On November 10, 1905, there was issued to J.' B. Treadw.ell, plaintiff herein, certificate No. 49 of the Tropico Land & Improvement Company, for 500 shares of its captial stock. This certificate was indorsed in blank by plaintiff. On June 3, 1907, plaintiff wrote one J. J. Lockwood (now deceased) that he, plaintiff, held for Lockwood 500 shares of the capital stock of Tropico Land & Improvement Company, to be delivered to the latter “when my stock is taken out of the pool”. Plaintiff testified that this stock was never in the “pool”.
Plaintiff then testified that on June 14, 1909, he paid Lockwood $100 for the purchase of the stock. The receipt read as follows: “Received from J. B.…