Fahrney v. Kelly

ROGERS, District Judge.

The facts in this case which are important to its decision are these: In the .year 1896 the complainant, William H. Eahrney, by various transfers from the defendant W. J. Kelly, became the owner of $287,500 of the capital stock of. the White Cliffs Portland Cement & Chalk Company, one of the defendants in this suit. It appears that this stock had been transferred as a bonus by William J. Kelly to the complainant, William H. Eahrney, and other members of the Fahrney family, and others, who had become purchasers of certain bonds of the defendant company, and the proceeds…