Spring Co. v. Knowlton
Supreme Court of the United States
Error to the Circuit Court of the United States for the Northern District of New York. • This suit was brought in 1869 by Dexter ,A. Knowlton, a citizen of Illinois,, against The Congress and Empire • Spring Company, in the Supreme Court of the State of New York, to recover the sum of $18,980, with interest from Feb. 20, 1866. In 1876 he died, and the suit lyas revived and continued by the administrators .of his estate.
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Error to the Circuit Court of the United States for the Northern District of New York. • This suit was brought in 1869 by Dexter ,A. Knowlton, a citizen of Illinois,, against The Congress and Empire • Spring Company, in the Supreme Court of the State of New York, to recover the sum of $18,980, with interest from Feb. 20, 1866. In 1876 he died, and the suit lyas revived and continued by the administrators .of his estate. They are citizens of Illinois, and . on their application the suit was, March 20, 1877, removed to the Circuit Court of the United States. The partiés, by written stipulation,…
1Opinion of the CourtJustice Woods
The plaintiff in error claims that the plan adopted by it to increase its capital stock, by which certificates as for full-paid stock were to be issued on the payment of eighty per cent thereof, was against the law and public policy of the State of New York, and was, therefore, void; that Knowlton, having been an active party in devising this scheme, and having paid his money in part execution of it, his legal representatives eannot recover the sum so paid.
It is conceded by the defendants in error that the plan adopted by the company to increase its stock was in violation of the law of New…
2Cases cited2 opinions
- Thomas v. City of RichmondSupreme Court of the United States · 1871
- Knowlton v. . Congress Empire Spring Co.New York Court of Appeals · 1874
3Cited by90 opinions
- Pullman's Palace Car Co. v. Central Transportation Co.Supreme Court of the United States · 1898
- St. Louis, Vandalia & Terre Haute Railroad v. Terre Haute & Indianapolis RailroadSupreme Court of the United States · 1892
- Stone v. FreemanNew York Court of Appeals · 1948
- Harriman v. Northern Securities Co.Supreme Court of the United States · 1905
- Block v. DarlingSupreme Court of the United States · 1891
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