New York Supreme Court October 12, 1894 (People ex rel. Equitable Gaslight Co. v. Barker)

FOLLETT, J.

The Equitable Gaslight Company, of the city of New York, is a corporation organized under the laws of this state, with a capital stock of .$4,000,000, on which, in 1890 and in 1892, it paid dividends of 8 per cent, out of its earnings. The amount of the dividends paid in 1891 and during the years previous to 1890 is not disclosed by the record.