Taylor v. Cuban Land & Steamship Co.

KntKPATJKICK, District Judge.

The court is asked to appoint a receiver for defendant corporation upon the ground of insolvency, and because “its existence under its present management is a fraud upon its stockholders, and on the innocent public.” Upon the return of the rule heretofore granted why a receiver should not be appointed, the defendant, by its officers, denies under oath all the allegations of the hill of complaint upon which the charge of insolvency rests. These affidavits specifically set forth the assets and liabilities of the company, showing an excess of the former; aver, that…