Jones v. Galleher & Co.

On this appeal Jones, the appellant, asserts a right to one-half of $46,175.87 of profits made by Galleher & Company, Inc., on 4,464 shares of preferred stock, Series B, of Duplex Envelope Company, herein referred to as Duplex.

Jones is the son of the founder of Duplex, which engaged principally in the manufacture of church envelopes, and after the death of his father he became its chief executive officer. The company encountered financial difficulties, *604and in 1933 receivers were appointed for it by a State court. Jones was one of the receivers. In 1936 it went into reorganization proceedings…