Potter Title & Trust Co. v. Frank

Opinion by

Mr. Justice Walling,

At the inception of the transaction here in question the Rail & River Coal Company, a corporation organized under the laws of West Virginia, with offices in Pittsburgh, was the owner of thirty-one thousand five hundred acres of coal and three hundred and twenty acres of surface in Belmont County, Ohio. The stock of this company, comprising twenty thousand shares, was practically all owned by a syndicate composed of Isaac W. Frank, W. R. Woodford, W. L. Kann and Raymond M. Kaufmann, surviving executor and trustee of the estate of Jacob Kaufmann, deceased,…