Johnston v. Markle Paper Co.
Supreme Court of Pennsylvania
Appeals, Nos. 284 and 287, Oct. T., 1892, and No. 9, Oet. T., 1898, by Mortimer C. Miller, administrator of Margaret Ann McMasters, deceased, J. W. Johnston et al., and Joseph Benedict, from decree of C. P. No. 2, Allegheny Co., April T., 1888, No. 231, on bill in equity. Bill to enforce payment of mortgage, and to compel payment of subscriptions to stock of corporation.
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Appeals, Nos. 284 and 287, Oct. T., 1892, and No. 9, Oet. T., 1898, by Mortimer C. Miller, administrator of Margaret Ann McMasters, deceased, J. W. Johnston et al., and Joseph Benedict, from decree of C. P. No. 2, Allegheny Co., April T., 1888, No. 231, on bill in equity. Bill to enforce payment of mortgage, and to compel payment of subscriptions to stock of corporation. The bill was originally filed by J. W. Johnston, The Garrison Foundry Co., The Norway Pulp Co., John A. McGraw, Stoner & Co., Limited, James Harrison, The W. L. Tyler Wire Works, V. Sutphen, and Buckley, Dunton & Co.…
1Opinion of the Court
Opinion by
Mr. Justice Williams,
Mrs. McMasters was a corporator in the Markle Paper Company. She subscribed for six hundred and sixty-five shares of the capital stock having a par value of fifty dollars each, and a total value of thirty-three thousand two hundred and fifty dollars.
She paid for and received shares to the amount of twenty-three thousand three hundred and thirty-three dollars and thirty-three cents, leaving still due upon her subscription nine thousand nine hundred and sixteen dollars and sixty-six cents.
She alleged that her brother, S. B. Markle, subsequently paid for the…
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