Commonwealth v. Budd Wheel Co.

Opinion by

Mr. Justice Simpson,

These two cases raise but one question, viz.: Did the court below err in valuing defendant’s no-par capital stock at $100 per share, when determining the amount of bonus which should be paid on the various increases thereof? Defendant being a domestic corporation, this question is to be answered by considering only the statutes of the State; it is not affected by any provision of the Constitution of the United States, or the Acts of Congress passed in pursuance thereof: Roberts & Schaefer Co. v. Emmerson, 271 U. S. 50.

Section 1 of our Act of May 3, 1899, P. L.…