Stevens v. United States Steel Corp.

Stevenson, V. C.

The complainant, as the holder of thirty shares of the common stock of the defendant corporation, files his bill, on behalf of himself and other stockholders who may come into the suit, to compel the declaration of a dividend upon the common stock out of an alleged accumulation of profits amounting, in January, 1904, to sixty-six million dollars ($66,000,000). The entire capital stock consists of eleven million shares of one hundred dollars ($100) each, divided equally between preferred and common stock. Dividends have been paid from the organization of the company, in April,…