#### H. L. Drinkwater, appellee, v. Max Spiegel et al., appellants.

Gen. No. 25,611.

Action to recover amount paid for stock of corporation not duly incorporated. Judgment for plaintiff. Appeal from the Municipal Court of Chicago; the Hon. Hosea W. Wells, Judge, presiding. Heard in this court at the October term, 1919.

Affirmed.

Opinion filed May 3, 1920.

Lefkow & Lefkow, for appellants. Luther F. Binkley, for appellee.

Mr. Justice Holdom

delivered the opinion of the court.