Smnnmzs v. rncsurx IRON 00. 21
iam H. Reeves were partners, the terms of which agreement were concealed
from complainant, but which obliged the corporation to take all contracts for
bridge building in the name of the Erm, and to divide the pronts with the firm
in a proportion not known to complainant; that the corporation had spent
large sums in unnecessary and costly improvements; that although it had
made large profits the dividends declared were very small; that complainant
was refused all information with regard to the aifairs of the corporation, and ~
denied access to the books and papers; and that although he had attended the
meetings of the stockholders and endeavored to obtain information, he had.
been defeated by the majority of the stock controlled by the Reeves family.
The bill prayed- _ ·
(1) For an account of the assets and liabilities of the corporation and of
the receipts and disbursements since complainantlbecame a member; (2) that `
the president and board of directors be compelled to divide the profits i pro
mm among the stockholders; (3) that they be enjoined from expending in
capital improvements sums which ought to be divided as profits; (4) that they
V make discovery by production of the books and (papers of the corporation;
(5) that the sums improperly drawn from the corporation might be returned;
(6) that disclosure be made of all sums made out of dealings with the corpo-
ration by any firm of which its directors were partners; (7) that all dealings
between the corporation and such iirm be enjoined; (8) that all moneys due
by the president or directors be paid to the corporation.
To this bill respondents demurred; 4   r
Samuel W. Pennypacker and John G. Johnson, for complainant.
Carroll S. Tyson, R. C'. McMu1·trie, and Wayne MacVeagh, for i
respondents. V · V
Burman, D. J. While the bill in this case is inartiiicially and
loosely drawn, and contains much irrelevant and impertinent matter,
it substantiallyicharges that the stock of the corporation, in which
the plaintiff is a shareholder, is mainly owned by the members of _ _
one family, who combine to manage the affairs of the corporation in
such way as to subserve their own individual interests, to the preju-
dice of the plaintiffs rights; that David Reeves is president, and
William H. Reeves, Carroll_fS. Tyson, Charles R. Scull, and John
Grifnn are directors; that the directors pay to themselves large and
excessive salaries as oiiicers of the company; that notwithstanding
the chief business of the corporation is, or was intended to be, the
building of bridges, the president and directors have entered into an
agreement with the firm of Glarke,·Reeves & Co., under twhicli`_‘agree-
ment contracts for' bridges are takenin the name ofthe `£'rm,` and the
benents divided between it and the company, in proportionsnnknown
to the plaintilf; that a majority of the members of said iirm* are