Charles Richardson v. Max J. Winkler Brokerage Co.

Max J. Winkler originally sued plaintiff to recover an unpaid loan of $25 plus $1.20 interest & won its case. Plaintiff seeking to reverse this decision. Max J. Winkler Brokerage Co., managed by M. S. Umbenhauer, did not describe itself as a loan company. Umbenhauer stated that his firm "was engaged in the business of buying and discounting salaries". The firm also kept no record of accounts. When a party paid his note off or satisfied the bill of sale it was torn up.