Gooch v. Collins

Opinion of the Court by

William Rogers Clay,

Commissioner — Affirming.

Abe Tuttleman had a formula for making what was called “Anti-Hot-Box Axle Grease.” The Queen City-Manufacturing Company was organized under the laws of Ohio for the purpose of manufacturing and vending the grease. Its capital stock was fixed at $100,000, divided into 2,000 shares of the par value of $50 each. At the time of the organization of the corporation, J. Glascock subscribed for ten shares, J. H. Dickey eight shares, Eobert Childers five shares, J. L. Kohl and D. Linn Gooch one share each, making a total of 25 shares.…