Flagg v. Stowe

Plaintiff and defendant in error, and Mathewson, agreed to, and made an effort to, form a joint stock company, defendant in error to put in, at $25,000, a quantity of machinery, patents, etc., which had been in use in Rhode Island; plaintiff in error to erect a certain building, worth $7000, and convey to the company three acres of land, at $1000 per acre, and, also, to put in $10,000 in money, as his portion of the capital stock, and Mathewson to put in certain patents he owned, and which they desired to use in manufacturing articles by the company, at $10,000; that the working capital…