(This book was originally published prior to 1923, and rep...)
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James Brooks Dill was born on July 25, 1834 in the village of Spencerport, New York, United States. He was the eldest son of a Congregational minister, James Horton Dill, a native of Massachusetts, and of Catherine D. Dill, a member of the Brooks family of Connecticut. The Dills moved to Chicago in 1858 and upon the death of the father, killed in battle in 1862, the family moved to New Haven, Connecticut, United States, where young Dill’s schooling was continued.
After three years in Oberlin Academy (1868-71) and one year in Oberlin College, he entered Yale in 1872 and, though supporting himself, graduated with honors in 1876.
He then taught for a year in a private school in Philadelphia and studied law at night under the direction of a prominent lawyer.
He became instructor in Latin and mathematics in Stevens Institute at Hoboken, New Jersey, and attended the Law School of the University of the City of New York at night where he graduated as salutatorian of the class of 1878.
He was admitted to the bar in New York the same year. Entering upon the practise of the law with a capital of forty dollars, he eked out an income by newspaper work on the Jersey City Evening Journal and later on the New York Tribune.
Dill’s days of penury were brief, however. In 1879 he won a conspicuous case, largely on a technicality, freeing his client from heavy liability under the New York law as director of an insolvent corporation. This enlarged his practise and directed his interest to the field of corporation law, an interest evidenced by a pamphlet which he wrote on “The Advantages of Business Corporations, ” which attracted wide attention.
He was admitted to the New Jersey bar in 1894. Upon being consulted by the governor of New Jersey as to the best way to increase the financial resources of the state, Dill suggested the liberalizing of the corporation laws. He thereupon drafted the famous New Jersey statute of 1889, legalizing the holding company and allowing incorporation for almost any purpose. It also required a corporation to have an agent in the state upon whom papers could be served, thus excluding the “tramp” corporation, and prescribed “private publicity, ” or the keeping of adequate records for the protection of stockholders.
The rush of business concerns to take advantage of these laws led Dill to organize a corporation to organize other corporations, the Corporation Trust Company of New Jersey. Later he organized other companies to meet similar needs.
In 1899 he served as member of the committee which revised the laws of New Jersey. In 1905 he was appointed a member of the court of errors and appeals in New Jersey and served in that office until his death.
His practise was lucrative and he amassed a large fortune. He is reputed to have received the largest fee ever paid to an American lawyer ($1, 000, 000) for his services in healing the breach between Carnegie and Frick in 1900.
Dill wrote extensively and authoritatively on corporation law. His works, The Statutory and Case Law Applicable to Private Companies Under the General Corporation Act of New Jersey; The Laws of New Jersey Relating to Banks and Banking; Trust Companies and Safe Deposit Corporations (1899); and Business Corporations (1910), served as legal guides for the business world, since the author had largely created the law he was expounding. He occasionally gave addresses or wrote articles on subjects relating to business organizations or corporation law.
He later served as counsel to the committee which revised the laws of Canada.
While he kept his principal office in New York City, he maintained a beautiful home in East Orange, New, Jersey, where he had a very large private library.
(This book was originally published prior to 1923, and rep...)
He was a genial and sociable man with a very large circle of friends.
In 1880 Dill married Mary W. Hansell of Philadelphia.
