National Manufacturers Co. v. Bird

The complainant is a subsidiary corporation of the National Association of Manufacturers, and was the proprietor of two periodical publications having to do with export trade. In 1911 it leased the periodicals to a corporation known as Steven DeScesznak, Inc. (the principal spirit of which was a man named Steven DeScesznak), with an option to purchase for the sum of $100,000 cash on or before August 1st, 1916, which was extended to endure until January 1st, 1921. These periodicals did not prosper financially, and, in or about the year 1914, the defendant J. Philip Bird was placed in charge of…