Van Allen v. Illinois Central Railroad
The Superior Court of New York City
Motion "by the plaintiff for judgment on a special verdict. The action is brought to recover damages for the defendants7 refusal to permit plaintiff to subscribe for shares of the capital stock, pursuant to an agreement with them, made on loaning money to them, and “provisional certificates77 issued in pursuance thereof by the defendants. The cause was tried in October, 1859, before Mr.'Justice Woonruff and a jury.
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Motion "by the plaintiff for judgment on a special verdict. The action is brought to recover damages for the defendants7 refusal to permit plaintiff to subscribe for shares of the capital stock, pursuant to an agreement with them, made on loaning money to them, and “provisional certificates77 issued in pursuance thereof by the defendants. The cause was tried in October, 1859, before Mr.'Justice Woonruff and a jury. The jury found a special verdict, which states that the defendants were a corporation in 1852, under a charter granted by the State of Illinois. That by the fourth section of the…
1Opinion of the CourtBy the Court. Woodruff, J.
—The defendants, in June, 1852,, being desirous of obtaining a loan of five millions of dollars in England, as a part of an ingenious scheme by which they proposed to construct their railroad by borrowing the money therefor, to be repaid out of the .sale of their bonds pledged for the loan, and believing that the road might be so built without requiring the payment of the capital stock, issued, in England, proposals for such loan.
In those proposals, they say:
*522“ The Illinois Central Railway Company have thus decided to raise the money necessary for the construction of the railway by the issue…
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- Commercial Bank v. KortrightCourt for the Trial of Impeachments and Correction of Errors · 1839
- Gray v. President of the Portland BankMassachusetts Supreme Judicial Court · 1807
- Suydam v. Jenkins, SheriffThe Superior Court of New York City · 1850
- Dey v. DoxNew York Supreme Court · 1832
- Billings v. VanderbeckNew York Supreme Court · 1857
2 more not listed; retrieve them via the Exa API.
3Cited by2 opinions
- Helvering v. Southwest Consolidated Corp.Supreme Court of the United States · 1942
- Gillett v. Chicago Title & Trust Co.Illinois Supreme Court · 1907