Petre v. Bruce

These two canses were consolidated and heard together upon a stipulation of facts, and, in a way, involve a controversy as to the management and control of the Nashville Abattoir Hide and Melting Association, a Tennessee corporation, chartered in 18'98, under the form prescribed for mining and manufacturing companies. Its capital stock was fixed at $50,000, consisting of 100 shares of $500 each. The corporation was organized and operated for profit, and its earnings have been large, so much so that the stock is worth three for one, or $1500 per share. The enhanced value of its stock is due to…