Fourchy v. Ellis

WHEELER, District Judge.

The plaintiff is skilled in the contracting for large granite buildings; and the defendant had granite works at Northfield, and quarries at Bethel, Vt., with small capital for the business. The plaintiff became interested in the quality of the granite, and they agreed that he should become interested in the business to' the extent of about one-fifth, for which he was to pay $5,000. A corporation was organized with a capital stock of *150$500,000, representing the defendant’s property in the works and quarries; and certificates of stock were issued to the defendant, of…