United States v. Boston & Providence RR Corporation
Court of Appeals for the First Circuit
1Opinion of the Court
WILSON, Circuit Judge.
In 1887, the appellee, operating a railroad between Boston and Providence, experienced a very disastrous wreck on its lines, which resulted in the killing and injuring of a large number of people, and in damages from injuries to passengers and property amounting to $1,-180,000, or more than one-fourth the amount of its paid-in capital stock.
While the appellee was then in a very prosperous condition, had a large earning power in proportion to its capital invested, its board of directors and a majority, at least, of its stockholders, became convinced that liability in case…
2Cases cited8 opinions
- Central Trust Co. of Ill. v. Chicago Auditorium Assn.Supreme Court of the United States · 1916
- Lewellyn v. Electric Reduction Co.Supreme Court of the United States · 1927
- Willcuts v. Milton Dairy Co.Supreme Court of the United States · 1927
- Miller v. GearinCourt of Appeals for the Ninth Circuit · 1919
- Cryan v. WardellDistrict Court, N.D. California · 1920
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3Cited by12 opinions
- Clinton Hotel Realty Corp. v. Com'r of Int. Rev.Court of Appeals for the Fifth Circuit · 1942
- Astor Holding Co. v. Commissioner of Internal RevenueCourt of Appeals for the Fifth Circuit · 1943
- Commissioner of Internal Revenue v. LyonCourt of Appeals for the Ninth Circuit · 1938
- Crane v. Commissioner of Internal RevenueCourt of Appeals for the First Circuit · 1934
- Davison v. Commissioner of Internal RevenueCourt of Appeals for the Second Circuit · 1932
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