California Supreme Court July 1, 1863 (Allen v. Citizens' Steam-Navigation Co.)

Norton, J. delivered the opinion of the Court—Cope, C. J. concurring.

The evidence was sufficient to sustain the finding that the money was advanced as a loan, to be applied as payment on the stock subscription, if Farris was continued in his place as captain of the *34Enterprise; but if not so continued, then to be repaid.