Crane Bros. Manufacturing Co. v. Adams

Appellee was for a nuipber of years secretary of appellant company at a fixed salary of $5000 per annum. -In addition to this, appellant was accustomed to allot to certain of its employes a certain amount of its capital stock, the dividends upon which, less eight per cent of the stock not paid for, such employes were to receive as and for part of their salary. In 1879 there was thus allotted to appellee $50,000 of such stock, and up to and including the year 1882 the earnings thereof were regularly paid to him in addition to his regular salary. In January, 1883, appellee was regularly elected…