HAXTON v. UNITED STATES

No. 140.

30 F.Supp. 506 (1939)

HAXTON v. UNITED STATES.

District Court, W. D. New York.

November 18, 1939.


Attorney(s) appearing for the Case

Albrecht, Maguire & Mills, of Buffalo, N. Y. (Edward N. Mills, of Buffalo, N. Y., of counsel), for plaintiff.

George L. Grobe, U. S. Atty., of Buffalo, N. Y., Robert M. Hitchcock, Asst. U. S. Atty., of Dunkirk, N. Y., of counsel), for defendant.


KNIGHT, District Judge.

In July, 1926, one Radley purchased 200 shares of U. S. Gypsum common stock. The partnership of Haxton & Son, of which the plaintiff was a member, advanced the money for the purchase of the stock and held the stock as collateral to the purchase price paid by the co-partnership. The loan was guaranteed by the plaintiff individually.

On April 25, 1927, plaintiff and Radley entered into a written agreement, reciting that the stock...

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