New York Court of Appeals January 10, 1922 (Moller v. . Pickard)

Cardozo, J.

In the years 1915 and 1916 the Monarch Stationery & Paper Company, Inc., was engaged in the stationery business in Jamestown, New York. Its capital stock consisted of 101 shares of $100 each. One Hugh Rogers controlled the business, forty-nine shares standing in his name, one share in the name of his wife, and one in that of his attorney, Curtiss.