Baily v. Ramsey

Opinion by

Mr. Justice Simpson,

Those acquainted with the affairs of two adjacent, and financially weak, coal mining companies (hereinafter called the Amalgamated Company and the Cook’s Mills Company), conceived the idea of getting a charter for a new corporation, of purchasing the assets of those two existing companies, and also properties adjoining them, and of so handling the matter as to tempt outside parties to supply sufficient money to make the purchases, and to furnish capital for the new concern. A charter for the new company was obtained, under the name of the Seaboard Coal Company,…