American Alkali Co. v. Salom

ACHESON, Circuit Judge.

This was an action by the American Alkali Company, a corporation organized under the laws of the state of New Jersey, against Pedro G. Salom, to recover an assessment of $2.50 per share upon 1,000 shares of the plaintiff company’s capital stock subscribed for by the defendant. The written subscription contract, which is the foundation of the claim in suit, contains the following statements on the part of the plaintiff corporation:

“Whereas, the Commercial Development Corporation of England owns for the United States the patent rights of Mess. Hermite and Dubose and John…