Baker v. White
Supreme Court of the United States
Error to the Circuit Court of the United States for the District of Connecticut.
1Opinion of the CourtJustice Miller
The Odorless Rubber Company, being in’ an embarrassed condition, undertook to relieve itself by obtaining additional subscriptions to its capital stock. It was conceived, that, in order to do this, it was necessary that those holding the existing stock should submit to a reduction of its par value, as it was not really worth par at that time; and new subscribers could not be expected to take a stock which they knew to be below the value they were to pay for it. Accordingly, on the 10th June, 1872, at a meeting of the stockholders, “on motion of S: L. Warner, it was voted, that whereas the…
2Cases cited1 opinion
- Loan Assn. v. TopekaSupreme Court of the United States · 1875
3Cited by12 opinions
- Hume v. BowieSupreme Court of the United States · 1893
- Haseltine v. Central Bank of SpringfieldSupreme Court of the United States · 1901
- North Point Consolidated Irrigation Co. v. Utah & Salt Lake Canal Co.Utah Supreme Court · 1896
- Coughlin v. District of ColumbiaSupreme Court of the United States · 1882
- Glinski v. United StatesCourt of Appeals for the Seventh Circuit · 1937
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