Held, that the defendant corporation has carried on its business at a great loss, greatly prejudicial to the interest of the stockholders, so that it cannot with safety to the public and advantage to the stockholders continue. Injunction issued restraining its officers from exercising the corporate privileges and franchises, and statutory receivers appointed.
PER CURIAM.
The decree and orders appealed from will be affirmed, for the reasons given in the opinions of Vice-Chancellor Backes, ubi supra. For affirmance — THE CHIEF-JUSTICE, TRENCHARD, PARKER, CAMPBELL, LLOYD, CASE, BODINE, DALY, VAN BUSKIRK, KAYS, DEAR, WELLS, JJ. 12.
For reversal — None.