A Treatise On the Law of Intercorporate Relations

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Rep. 798, 17 Am. St. Rep.
319, 8 L. R. A. 497). This is the leading case upon the subject. See also Dunbar v. American Telephone, etc. Co., 224 111. 9 (1906), (79 N. E.
Rep. 423).
New Hampshire: PearSon ». Con- cord R. Corp., 62 N. H. 537 (1883), (13 Am. St. Rep. 590).
New Jersey: Elkins v. Camden, etc. R. Co., 36 N. J. Eq. 5 (1882).
Pennsylvania : Pennsylvania R.
Co. V. Commonwealth (Pa. 1886), 7 Atl. Rep. 374.
Tennessee: Marble Co. v Harvey, 538 92 Tenn. 115 (1892), (20 S. ^. Rep.
427, 36 Am.
... St. Rep. 71, 18 L. R. A.
252).
Compare EUerman v. Chicago Junction R., etc. Co., 49 N. .J. Eq. 217 (1891), (23 Atl. Rep. 287) where the Court said : "The corporate business of the Junction Company being to deal in stock of the Transit Company, and to do anything au- thorized by its charter to increase its value, and being, as above, author- ized to buy the stock of any corpora- tion, the buying of the stock of an intended rival, with the probable intent to use the purchase for the extension of the Transit Company's business, and with the certain effect of preventing the depreciation of that company's stock, is certainly within the powers contemplated by the cer- tificate of the Junction Company." Compare, also, Rafferty v.


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