Supreme Court of Arkansas December 7, 1925 (Wright v. Webb)

McCulloch, C. J.

On January 2, 1919, W. M. Webb, one of the appellees, and A. A. Cocke created a common law trust by proper declarations in writing, duly acknowledged and placed of record, for the purpose of operating, under the name of United Home Builders of America, the business of selling interest-bearing contracts and lending money to holders of contracts at a low rate of interest for the