Posselt v. D'Espard

Lane, Y. C.

(orally).

I am going to decide the case of D’Espard v. Fritz Schulz Junior Co., on application for appointment of a receiver.

The following- facts appear: In October, 1905, the company was incorporated under the laws of this state for the purpose of manufacturing a. metal polish. The capital stock was owned wholly by a German corporation. No money was invested except that invested by the German concern. At that time the German company had a sales agreement with a company known as Raimes & Company, Ld., of London. The purpose of 'the incorporation of the Fritz Schulz Junior Company in…