OCR Text |
Show The supreme court of the United States has just decided that the word? "non-assessable" stamped across the face of a stock certificate does not import that a subscriber becomes a stockholder until he has fulfilled hia coutract by paying the full amount of his subscription. It was said, in this connection, that the idea that the capital of a corporation is to be treated like a foot-ball, tu be thrown into the market for the purposes of speculation, that its value may be elevated or depressed to advance the interests of its managers, is a modern and wicked invention which will not be tolerated by the court. |