Johnson Fare Box Co. v. C. L. Downey Co.

BARRETT, Commissioner.

This suit originated when the Johnson Fare Box Company sued C. L. Downey Company on two demand notes, one for $12,000, dated December 16, 1946, and the other for $25,500, dated March 15, 1950.

The Johnson Fare Box Company is a Delaware corporation. That corporation, together with sixteen other companies, is a wholly owned or controlled subsidiary of Bowser, Incorporated, and they are all engaged in related manufacturing, selling and financing enterprises. Mr. R. Hoskin Damon,' a Chicago lawyer, either through stock ownership or finances, dominates and, for the purposes of…