Graham v. Cummings
Supreme Court of Pennsylvania
Appeal, No. 90, Jan. T., 1908, by-defendant, from judgment of C. P. No. 5, Phila. Co., Dec. T., 1901, No. 224, on verdict for plaintiff in case of Charles. H. Graham v. John E. Cummings. Assumpsit commenced by attachment under act of March IT, 1869. Before Davis, J. The facts are stated in the opinion of the Supreme Court.
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Appeal, No. 90, Jan. T., 1908, by-defendant, from judgment of C. P. No. 5, Phila. Co., Dec. T., 1901, No. 224, on verdict for plaintiff in case of Charles. H. Graham v. John E. Cummings. Assumpsit commenced by attachment under act of March IT, 1869. Before Davis, J. The facts are stated in the opinion of the Supreme Court. The court charged in part as follows : [Now, T say, the original agreement or memorandum, as you -may call it, between Eaton and Cummings looked for the sale of Cummings’s stock alone- for the sum of $200,000, but.in the agreement which is made part of this other agreement,…
1Opinion of the Court
Opinion by
Mb,. Justice Brown,
The Atlantic Match Company was capitalized at $2,000,000. The par value of the stock was $100, and the entire issue of 20,000 shares was owned by three persons, Thomas W. Synnott, Charles H. Graham, the appellee, and John E. Cummings, the appellant. Synnott and Cummings each owned 7,500 shares, or three eighths of the issue, and Graham 5,000 shares, the remaining fourth. An arrangement had been made by these stockholders with four gentlemen who had consented to serve as directors that they should, according to the testimony of the appellant, receive $110,000 of…
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