davidaulloa/AmericanStories huggingface dataset:
YoungstownskeÌ SlovenskeÌ noviny = Youngstown Slovak news. (Youngstown, Ohio) 1910-1940, 1934-06-22

Adv. JoZef Friedman
Dna Is. jdna, ma vyrocnom
bankete Advokatskej Komory
v Mahoning okrese, odbyvanom
v Squaw Creek Country Klube,
"a predsedu Komory zvoleny
boil jednohlasne mas vseobecne
znamy obi '1beny !, pravotar,
Jozef Friedman.
Toto je najvyssie vyzname-
mamie, akeho sa moze dostat'
advokatovi v Mahoning okrese.
Je to pocta, ktorej So dostava
len tym, ktori svojim lcinkova-
MIN vydobyli najvacsiu 1ctu
svojmu povolaniu, ktori o.
hl'ade etickom s1 vodcami v
praktizovanf prava a verejnom
posobeni.
Prijimaj1c drad, adv. Fried
man sa vyslovil: "Problemy
Komory, ktore musi rozldstit'
netykaj1 sa blahobytu pravota-
row, ale blahobytu verejnosti..
Clenovia Komory musia dcinko-
vat Go vernf sluhovia verejno-
sti''. Tieto slova charakterizu-
jl p. Friedmana verejne do
bro bolo mu vzdy nadovsetko.
Advokatska Komora dostava
vodcu, ktory bude vysoko
NEST jej zastavu.
Adv. Friedman je znamy IT,
sicim a tisfcim Slovakom ma
Mahoning doline. Pozfva medzi
nami tak1 1ctu a lasku, ak1 81
len spravnym, cestnym a lasky.
plnym zachadzanfm mono Wy
dobyt'. Nepochybujeme, ze ka-
zdy Slovak sa tomuto vyznaee-
niu p. Friedmana lprimne test.
Adv. Jozef Friedman narodil
sa v Brezovici, zupe Sarisskej
ma Slovensku, kde jeho dobry
otec este i teraz zije. Matka mu
zomrela pred rokami. V Brezo-
vici ma tiez sestru a d'alsiu ro-
dinu. Jeden jeho brat byva l.
nom mestecku ma Slovensku.
Do Ameriky prisiel adv. Fried
man Go 14-rocny chlapec ku
svojej sestre v New Yorku. Ia
no dala tam do skoly, kde Wy
chodil al stredn1 skolu. 2 New
Yorku odisiel p. Friedman do
Clevelandu, kde studoval ma
Baldwin Wallace College. Tam
dostal r. 1908 diplom bakalara
prav.
| Do Youngstown prisiel v
auguste 1908, standc sa spoloc-
nixon pravotara Hirama G.
Bye. Neskorsie sa osamostatnil
a roku 1919 wal 81 "a spoloc-
nfka adv. Evana J. Rummel, $
ktorym je dosial' v spolocnf-
ctve. Tu sa ozenil, ma dvoje
dietok, syna a dceru. Syn stu
duje ma Illinois univerzite. Co
pravotar, pan Friedman prak-
tizoval pravo kazdom s1de v
state: v mestskom, okresnom
federalnom a najvyssom stat
nom.
! Predsednictvo v Advokatskej
Komore je ME prvy 1rad, kto-
I ry p. Friedman v nej zastaval.
Posledne Dol podpredsedom
Komory tiez Dol ma cele w.
znamnych vyborov. V6bec vzdy
pracoval "a to, aby advokatsky
stav Dol ma najvyssom mrav-
nom stupni Dol hoden 1cty q
d6very. Ia jeho predsednfctva
zaiste prestfz Komory dosiahne
| svojho vrcholu. SINE vel'mi ra-
di q hrdi na to, ze sloyenskemu
4 rOd6kovi "a dostala Geat' byt'
YoungstownskeÌ SlovenskeÌ noviny = Youngstown Slovak news. (Youngstown, Ohio) 1910-1940, 1934-06-22

la 20. jdna 76 rokov. Bola tiez
oblarena. ako al 2-rocna Lii
liam Laska, najmladsia 1dkyna
PAM Judita Dovalla ma z rodi-
ny najviac clenkvn Y spolku, q
to 3 dcery a 3 vnucky.
cislo 80. EszJ. zalozeny Dol
pod menom Dcera Sionsk&''
IS. oktobra 1908 ! 19 clenkami.
Teraz ma 78 1leniek. " Pam.
Oddeleni Z. 4 je ~ 6leniek. 70.
& s as|saIs AZ r,
YoungstownskeÌ SlovenskeÌ noviny = Youngstown Slovak news. (Youngstown, Ohio) 1910-1940, 1934-06-22
Steelton campion
prvej polsezony
Jednotarska liga zacne druhd
polovicu ma nedel'u.
Pise Jan B. Hassay, tai.

. Prva polovica tohoroenej Sc
zOny skoncila sa nedel'u vi
t'azstvom steeltonskych chap
GOV mad strutherskymi sk6rom
5 ku 2. Steeltonska cata nebola
ami raz porazena TAX je cam
pionom prvej polovice tejto Sc
zOny.
YoungstownskeÌ SlovenskeÌ noviny = Youngstown Slovak news. (Youngstown, Ohio) 1910-1940, 1934-06-22
Vel'ke Wit azstvo
caty Mena Jezis

steeltoncania porazili Struthers.
canov 8 ku 0. Ma nedelu Steel
toncania hraj1 s Farrellcanmi.
Wooden Shoes este neporazeni,
ale Campbellcania sa ich chy-
.staj1 poriadne vycistit'.
YoungstownskeÌ SlovenskeÌ noviny = Youngstown Slovak news. (Youngstown, Ohio) 1910-1940, 1934-06-22
ZAs FALoSNE PENIAZE

Ed Flannery, pokladnfk vo
Waldorf Beer Garden oznamil
policii, ze obdrzal dve falosn6
papierove desiatky ODE cd
tych istych Pudi. Prisli 81 W.
pit po oba razy platili de-
siatkou. On i'm ,vydal raz $3.50
a raz $500. Svoj omyl zbadal,
ked' "hostia" boil uz nezvestnf.
YoungstownskeÌ SlovenskeÌ noviny = Youngstown Slovak news. (Youngstown, Ohio) 1910-1940, 1934-06-22
SLOVAK GRADUOVAL
MA OHIO UNIVERZITE

Pan Jan V. Panik, syn p. Ja-
ma Panika a manzelky ma FL
beron ST., graduoval ma Ohio
univerzite. Blahozelame.
YoungstownskeÌ SlovenskeÌ noviny = Youngstown Slovak news. (Youngstown, Ohio) 1910-1940, 1934-06-22
Vysledky v nedel'u

Vysledky v nedel'u
Wooden Shoes 5, Farrell 4.
Mena Jezis 9, Struthers O.
Haselton II, Campbell 7.
Nsv. Trojice Z, P. Marie 4.
Warren Is, sv. Petra a Paw
la 2.
Hubbard IA, Lansingville 6.
Stav ciat v Slovenskej Ege
YoungstownskeÌ SlovenskeÌ noviny = Youngstown Slovak news. (Youngstown, Ohio) 1910-1940, 1934-06-22
|krasna jubilejna
oslava &. 80. ESZJ.
Zakladatel'ky boly odmenene
striebornymi vecmi. Redak-
torka bola pritomna.

torka bola pritomna.
Cfslo 80. Evanjelickej Slo.
venskej Zenskej Jednoty slavi-
10 v nedePu vecer 25-rocne iu-
bileum svojho trvania. Oslava
sa odbyvala v skolskej sieni ev.
a. v. cirkvi "Jana Husa" ma
Mahoning Ave. "a vel'kej 1ca-
sti obecenstva a "a vedenia pa
nj Amy Sherfelovej, predsed-
kyne jubilujuceho spolku. Slav-
most zahajila pani Sherfelova
vybornou reeou, v ktorej spo-
menula zasluhy zakladateliek a
zakladatel'a p. Mateja PABLO a
poziadala pana farara Juraja
Roha, aby sa pomodlil. Pc mod
litbe zaspievala mladez Pam.
Oddelenia piesen "My SINE sa
tn dnes sisli', "a cim nasledo.
vala prilezitostna basen "Osla-
vujeme den zalozenia'', ktor1
precltene predniesla pani Julia
Jakubec. Nato dievcata z Pam.
Oddielu zaspievaly dive piesne
"Spievaj ze 81, spievaj" "Od
krivana vysokeho az po Dunaj
siroky".
Predsedkyna poziadala potom
zakladatel'a p. Mateja PABLO o
niekoPko SLOW. Pan Pallo zau-
jimave hovoril o t'azkostiach
zakladania tohto spolku a d'a-
koval Bohu, re sa mu dovolil
dozit' ovocia prace, ktor1 pred
25 rokmi konal. Myslienka "a.
lozenia ESZJ. vzkrsla ma 8.
konvencii SCI. a tax bola "a
lozena tato organizacia evanje-
lickych slovenskych zien pred
2S rokmi. Blahozelal spolku ku
jeho pokroku a prial mu DIAL.
sieho uspechu. Tiez oddal po-
zdrav cd G. 40. SCI.
Basketbalova cata ESZJ. pre-
viedla komicky vystup Zen.
ska banda, ktoremu sa ODE.
censtvo chutne zasmialo.
Cistou slovencinou predniesla
basen s'V nasej zahrad6cke"
clenkyna Pam. Odd. Edna Fur
man.
Predstavena bola pani Maria
Stankoviansky, co redaktorka
"Dennice" organu ESZJ. Dala
kredit muzom 20 SCI. "a zalo-
zenie Zenskej Jednoty, povodne
dobrocinnej organizacie. Teraz
Ell. je riadnou podpornou or
ganizaciou, ako vsetky inc. Ho-
vorila anglickych cfslach mia
deze, re sa rychlo mnozia a ra-
stu ma clenstve. Ich 1dkyne s1
ale dobre slovenske dcery. Bla-
hozelala zakladatel'kam i'd
kyniam ku peknemu vzrastu a
priala i'm d 'alsieho pokroku.
Pan Emil Stankoviansky, re-
daktor "Hlasnika" organu S.
E. j. povedal tiez niekol'ko SLOW
a prial spolku dozit' sa zlateho
jubileumu.
Nato pani Zuzanna Rohova
odovzdala meme spolku dairy
zakladatel'kam. PredsedkyHa
pi. Sherfelova odala Diary spoil
ku Rev. Rohovi a pani Rohovej
"a ich starostlivost' a pomoc,
ktor1 vzdy spolku ochotne po-
skytli. Milka Cavalier oddala
| dary zakladatel'kam a prednie-
sla pekny wins "a Pam. Oddiel.
PAM Anna Kiffer, jedna 20 "a
kladateliek pod'akovala "a da-
ry a vyjadrila radost', ze ma
leho spolceka vyrastol tax vel
ky. Po zaspievanf hymny "Hej,
Slovaci", basketbalova cata
dievcat predstavila veselohru
RECEIPT proti svokrusiam" To-
to Dol znamenity klsok, smie-
chu nebolo konca-kraja. Hru
nacvicila 81. Zuzanna Krchniak.
Po divadle dane boly chutne
zakusky a kava.
ZakladatePkami G. 80. ESzJ.
sn panic Kristina Brad6c, Ju-
liza Balint, Maria Cizmar, Zu-
gamma Hruska, Julia Hruska,
Anna Krchniak, Anna Kiffer,
YoungstownskeÌ SlovenskeÌ noviny = Youngstown Slovak news. (Youngstown, Ohio) 1910-1940, 1934-06-22

Pise: Michal Kornick, tai.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1934-06-26
Official Notices

OFFICE OF THE COMMISSIONERS OF
THE DISTRICT OF COLUMBIA. June
20, 1934.-NOTICE: A public hearing
having been held by the Commissioners of
the District of Columbia on June 9th.
1884, i'll the matter of closing certain
streets hereinafter described, and the said
Commissioners being satisfied as to the
equity. justice and advisability of said clos
lngs, and that said closings are in the pub
lie interests. and not detrimental to the
interests OF AUDITING owners. NOTICE is
HEREBY GIVEN that the said Commits
sioners have prepared the following order:
ORDERED: That pursuant to the pro-
visions of Public Act No. 307. approved
shown in green on plats filed in the office
Of the surveyor of the District of Column
bia, and numbered as Maps 1887, 1888
and 1889. is hereby ordered CLOSED, same
to take effect on and after August 2.
1884. the title to said land comprised in
said area SO closed to revert to the abutting
property owners, as shown on said maps:
the said street area hereby ordered closed
being described as follows: a. Closing
part of Utah Avenue, N. W., south of Rit-
tenhouse Street. abutting on Lots 46 to
90. Square 1919. and being that part of
said Utah Avenue lying east of the extern
sion of the westerly boundary of Parcel
61/69 episcopal Home for Children) .
west Of Reno Road, and providing for a
dedication in connection with the same, to
adjust the street lines and provide for q
change in the course of said Sterrett Place.
(3) Closing part of 9th Place, N W..
south of Quincy Street admitting on Lot
S11, Square 29O1 known as U. s. keser-
walton No. 1867. and being that part of
said 9th Place lying south of the exten.
sion of the south line Of a public alley 10
feet wide. running east and west in Square
29O1. Any and all parties interested must
file objections to said closings in writing
before the effective date of above order;
otherwise said order shall become effective
on August 2. 1884. as aforesaid. and said
street area shall on and after said date be-
come closed in accordance with the pro-
visions of said Act. MELVIN C. HAZEN,
GEORGE E. ALLEN. JOHN C. GoTWALs,
Commissioners Of the District of Columbia
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1934-06-26

against the stockholders and
with full authority to enforce
the same in any court of COM
petent jurisdiction in the State
or elsewhere. Stran & Ellis
worth Co. VS.. KilbOurne Co.,
Supra; Bernheimer VS.. Con.
verse, Supra"
In Bernheimer VS.. Converse
FOG U. S. SIG, which involved
the right of a receiver to re.
cover upon a stockholders liabil.
ity in a Federal court in a State
other than the one in which the
original proceedings in liquida-
ton were had, dealing with the
right of the receiver to bring the
action, the court at page 534
said:
at is objected that the re-
ceiver cannot bring this action,
and Booth VS.. Clark, II How.
322; Hale vs.. AllinsOn, 1873 U. S.
Sc, and Great Western Mining
Co. VS.. Harris, 1913 U. S. SCI,
are cited and relied upon. But
in each and all of these cases
it was held that a chancery re-
ceiver, having no other author
ity than that which would arise
from his appointment as such,
could not maintain an action i'm
another jurisdiction. In this
case the statute cOnferS the
right upon the receiver, as a
quasi assignee, and representa-
tive of the creditors, and as such
vested with the authority to
maintain an action. In such
case we think the receiver may
sue in a foreign jurisdiction.
ReIfe VS.. Rumble 1OS U. S. 222;
Howarth VS.. Lombard, IT'S Mass.
$40; HOwarth VS.. Angle 162
N. Y. 49,"
The plaintiff was represented by
Francis w. Hill, jr., of Hill, Ross &
Hill, and the defendants appeared
through their attorneys, w. w.
MILAN, Ralph P. Barnard, Milton
D. Campbell and William E. Rich
ardson.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1934-06-26
Contract Unimpaired

The defendants contend that
suits seeking the collection of
assessments from stockholders
can only be instituted by pro-
ceedings initiated under the laws
of the domicile of the corpora.
ton. However, the Supreme
Court of Arizona seems to diff.
fer with them, for. it was held,
in the case of Fredericks VS..
Hammons 80 Arizona 80, that
the constitutional provision is
self-executing and that legisla-
tive action was not necessary.
This being so, since statutes
passed after the adoption of the
constitution did not create a new
right but merely provided
new remedy for a pre-existing
right, under well settled princi-
pies, such remedy is not exclu-
sive but merely cumulative.
And the passage of a statute
merely changing the remedy
available to creditors applies to
stockholders who became such
prior to its enactment and the
new remedy is available against
them. It's application to them
does not constitute an impair
ment of the contract arising out
of their membership, even
though the new remedy may be
more efficacious than the old,
and under same circumstances
prove more burdenSome to the
stockholders, so long as it in
wolves no actual increase in their
liability.
In the case of Henley VS.. Myers,
215 U. S., 1913. the Court, in an
opinion by Mr.. Justice Harlan,
said:
"In becoming stockholders,
the defendants did not acquire
a vested right in any particular
method of procedure adopted
for the purpose of enforcing
their liability as stockholders.
1t is a we'll established doc
trine that mere methods Of pro-
cedure in actions on contract
that do not affect the Substan-
tial rights of parties are always
within the control of the State.
1t is to be assumed that parties
make their contracts with ref
erence to the existence Of such
power in the State"
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1934-06-26

BANKS-CERTIFTCATES OF
STOCK-LIABILITY OF
AREHOLDE RS-ELEC-
TON. NATIONAL BANKING
ACT. TITLE 5 SECTION 298
D, C. CODE (NEW CODE) I.
CONSTITUTION OF ARI-
IONA, REVISED STATUTES
OF ARIZONA CHAP. 8 PAR.
277.
I. Where stock certificates i'm
pose q contrGctuGl liability upon
the stOckhOlder such liability may
be enforced Without the aid of
Liquidation, said liability may be
enforced by any receiver properly
appointed, and the Comptroller
of Currency has authority prop
erly to appoint such receiver sOith
power to enforce the liability.
2. Where a liability and a
remedy are created by one and
the same statute, the remedy so
fixed is exclusive of all Others
but if a general liability is Gre
0ted by statute Without fixing
a remedy, such liability may be
enforced by any appropriate COM
mon l0W action.
3. A receiver appointed under
the statute is not an ordinary
ch0ncery. receiver or arm of the
court appointing him, but a quasi
assignee and representative of the
creditors, and as such Vested with
the authority to maintain an
action.
June %, 1884.
In the cases of Bryan, receiver,
VS.. Clagett and Harper, At Law
Nos. 83465 and 83475, declarations
were filed to enforce against the
defendants, as owners of certain
shares of stock in the North Cap
itol Savings Bank, a corporation
organized under the laws of Ari-
IONA, their liability for all con.
tracts, debts and engagements of
the corporation to the extent of
their respective stock at the par
value thereof.
The contention of the plaintiff
under the first counts of the dec
laration is that the defendants
are liable for assessment under
the provisions of the constitution
of Arizona; pursuant to the provi-
sions of the certificates of stock
issued by the North Capitol Saw
ings Bank to the defendants, and
pursuant to the provisions of the
bylaws of the said bank, which
liabilities may be enforced in this
court by a receiver appointed by
the Comptroller of the Currency,
and under the second counts of
declarations that the defendants
are liable for this assessment un-
der the provisions of the National
Banking Act by virtue of title S,
section 298 of the D. of C. code,
which provides that the Comp
troller of Currency shall have au-
thority to take possession of State
banks doing business in the Dis
trict of Columbia.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1934-06-26

may be enforced without the aid
of legislation; that said liability
may be enforced by any receiver
properly appointed; and that the
Comptroller of the Currency may
properly appoint receiver of said
bank, with power to enforce said
liability.
The above quoted constitutional
provision was considered by the
Supreme Court of the State Of
Arizona in the case of FrederickS
VS.. Hammons, SO Arizona, 80; 264
Pac. 687, in which a receiver APP
pointed by the Arizona court, at
tempted to collect a 100 per cent
assessment from the shareholders
of the Prescott State Bank and in
Stituted an attachment proceed
ing in which the shareholder con-
tended that the liability was not
contractural within the meaning of
the attachment statute. The court
held that the constitutional liabil-
ity of shareholders is contractual
since, in accepting the stock, the
shareholder implicitly agreed to
accept liability imposed under Ar
ticle If Section II of the ConSti-
tuition. The court said:
"By such provision (cOnstitu-
tiOnaD the nature and extent Of
the liabilities imposed are fixed
and can easily be determined
hereunder. 1t contains no ref
erence to legislative action as
needed in its aid. Such pro-
vision has generally been held to
be self-executing."
Constitutional provisions are
self executing when they take i'm.
mediate effect and legislation is
not necessary to the right given
or the enforcement of the duty
imposed. State ex inf. Barker VS..
Dunian, ITS S. w. $40 CMoO;
State VS.. Harris IA Pac. 100;
Becker VS.. Atlantic Coastline Rail-
way Co., 121 S. E. 476; State VS..
Deck, 1873 Pac. 238 (Kansas);
Thorne VS.. City of Clarksburg, 106
S. E. 644 wv. Va.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1934-06-26
Judgment Appealed

To the foregoing declarations
the defendants demurred and
after consideration Justice Bailey
sustained the defendants demur-
rers to the second counts of the
declarations and overruled the
same as to the first counts thereof
The plaintiff did not amend the
second counts and the defendants
filed their pleas to the said first
counts. A demurrer was then
filed by the plaintiff to these
pleas, which demurrers were sus-
tanned, and the defendants now
elect to stand on their respective
pleas and judgment is entered
against them, from which judg-
ment an appeal is taken.
Under these first counts the fol-
lowing situation is presented. Ar
ticle IA, Section II, of the Consti-
tuition of Arizona, provides as fol-
lows:
"The shareholder, or share
holders, of every banking or in
surance corporation shall be
held individually responsible,
equally and ratably, and not
one for another, for all con.
tracts, debts and engagements,
of such corporations or aSSOcia-
tiOns, to the extent of the
amount of their stock therein,
at the par value thereof, in ad-
dition to the amount invested
in such shares of stock"
The certificate of stock issued
by the North Capitol Savings
Bank to the defendants provided
ut is understood and agreed
by and between the owner of
the certificates, his or her ex.
ecutOrS, administrators, or as
signs, and the North Capitol
Savings Bank, its successors
and assigns, that the owner of
the shares of the capital stock
Of said bank represented by the
certificate, shall be held indi.
vidually responsible for all con.
tracts, debts and engagements
Of said bank to the extent Of
the amount of his or her stock
therein, at the par value
thereof, in addition to the
amount invested in such shares,
as is provided in Section IA,
Article III of the bylaws of
said bank"
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1934-06-26
Common Law Available

I'm the face of the sweeping
language of the statute, the mere
fact that it gave a remedy by
sale of the stock cannot be taken
as necessarily precluding resort
to the common law remedy
which would otherwise be avail
able and by which alone the liza
bility declared could in many
cases be successfully enforced.
The summary remedy by a sale
would often be a speedy and con.
venient alternative method Of
enforcing the statutory liability
to pay assessments. But it Is
not stated to be exclusive and its
adoption involves no necessary
inconsistency with the continued
existence of a common law rem
edy for the recovery Of the sum
certain fixed by the assessment
and declared to be due by the
statute. In those instances where
the impairment is more than so
per cent of the capital, the rem
edy by sale would be insufficient
to enforce the liability declared.
No reason is suggested why such
a remedy should, by mere impli-
cation, be deemed exclusive or
why the statute should be so
construed by inference as to de-
feat its obvious purpose, or limit
or destroy the liability which, in
plain terms, it has created"
While it is true that the above
quoted case relates to an assess
ment incident to the impairment
of capital of the bank rather thar
an assessment to pay creditors, thu
reasoning of the case applies here
and, without any legislation what
soever, a remedy for the enforce
ment of the stockholders liability
as fixed by constitutional pro
vision, existed and could be ap
piled.
It is, of course, a fact that an
equity receiver takes title through
the corporation and acquires nc
right to enforce double liability
which is for the benefit OF
creditors and that ordinarily the
liability can be enforced only by
the creditors, but the right &c
enforce this liability may be
granted, by statute, to others
than creditors or, in other words
to a receiver who becomes q
quasi-aSsignee and representative
of the creditors.
In the case of Converse VS.
Hamilton, supra, it was said at
page 255:
90. Under this statute, as in.
terprcted by the Supreme
Court Of the State, as also by
this court, the receiver is not
an ordinary chancery receiver
or arm of the court appoint.
Ing him, but a quaSi-asSignee
and representative of the
creditors, and when the order
denying the assessment is made
he becomes invested with the
creditors rights Of action
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1934-06-26
Each Stakeholder Liable

In the case of Converse VS.. Ham
ilton, 224 U. S. 243, the Supreme
Court held that the provisions Of
the Minnesota Constitution i'm
posing double liability on the
stockholders of corporations other
than those carrying on manutac-
turing or mechanical business Is
self-executing and under it each
stockholder becomes liable for the
debts of the corporation in an
amount measured by the par value
of the stock and that the liability
of stockholders is not to the cor
poration but to the creditors col
lectively; is not penal but con-
tractual; not joint but several;
and the means of it's enforcement
are subject to legislative regula.
ton.
The Supreme Court of the
United States, in an opinion by
Mr.. Justice Van Devanter, said:
The provision is Self-execut-
ing, and under it each stock
holder becomes liable for the
debts of the corporation in an
amount measured by the par
value of his stock. This liability
is not to the corporation but to
the creditors collectively, is not
penal but cOntractual, is not
joint but several, and the mode
and means of its enforcement
are subject to legislative regula.
ton"
A case which is conclusive on
this question is that of Shriver
VS.. Woodbine Savings Bank, 285
U. S. 467, the opinion being
written by Mr.. Justice Stone. In
that case the annellant had Ac.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1934-06-26
Naughty" Papers
. Send -Four to Prison

BALTIMORE, June 26 U.S0.
Penitentiary sentences totaling IS
years and a fine of $4,000 yester-
day were imposed on four men for
violation of the Interstate Com
merce Commission ruling forbid
ding transportation OF obscene
literature.
Philip Weintrab, editor of Bal
timore Briefs: Earl K. PoSey,
writer, and Benjamin Manhoff,
circulation manager, each received
prison terms of four years. Harry
Goldberg, of Baltimore. was SEN
fenced to three years. The Bis
Company. publishers, were fined
$500.