Edwards v. Symons

September 1, 1883, a contract was made between one Charles H. Mitchamore and the Courier Company, of East Saginaw, by which they formed a copartnership under the name of the Michigan Paper Company, to carry on a general paper business. The Courier Company contributed $8,000 to the capital stock, and Mitchamore agreed to contribute $600. Mitchamore was to be manager of the business, .at a salary of $900 per annum. Semi-annual inventories were to be made, and, after paying expenses and interest on the capital invested, the profits were to be divided equally. The contract was for one year, and,…