Appellate Division of the Supreme Court of the State of New York January 15, 1927 (Carpenter v. Witbeck)

Judgment affirmed, with costs. Cochrane, P. J., Van Kirk, Hinman and McCann, JJ., concur; Davis, J., dissents and votes for reversal on the grounds that the defendant signed and put in circulation spurious interim certificates of indebtedness not obligations of the corporation. The plaintiff became an innocent purchaser for value of one of these certificates and sustained loss.