Pond v. Newell

COLT, Circuit Judge.

This is a bill in equity brought by certain creditors in behalf of themselves and all other creditors to enforce an alleged liability of the defendant as a director in the W. W. Aldrich Company, a corporation organized under the laws of .Rhode Island.

The bill alleges that “by reason of the directors of said the W. W. Aldrich Company permitting the indebtedness of said company to exceed the amount of its capital stock actually paid in, said directors and each of them, including the said Oscar D. Newell, have under the law in that behalf made and provided made themselves…