 It is, we think, a sound principle, that when a government becomes a partner in any trading company, it divests itself, so far as concerns the transactions of that company, of its sovereign character,, and takes that of a private citizen.  A Treatise on the Law of Banks and Banking - Page 1070by John Torrey Morse (Jr.) - 1888Full view - About this book
 | United States. Supreme Court, Benjamin Robbins Curtis - Law reports, digests, etc - 1864 - 536 pages
...subject of an interest in the stock of a bank, the language of this court, in the case cited, is this : " It is, we think, a sound principle, that when a government becomes a partner in any trading company, it devests itself, so far as concerns the transactions of that company, of its sovereign character, and... | |
 | United States. Court of Claims - Law reports, digests, etc - 1856 - 858 pages
...could he maintained, notwithstanding the 11th amendment. In deciding this question the court says : " It is, we th'ink, a sound principle, that, when a...far as concerns the transactions of that company, ot its sovereign character, and takes that of a private citizen." "The government of the Union held... | |
 | Fires - 1858 - 202 pages
...States in Planters' Bank of Georgia, 9 Wheaton's Rep., 904. " If a State embark in the business of a trading company, it divests itself, so far as concerns...sovereign character and takes that of a private citizen." The just and necessary inference from this case is, 81 when the State is engaged in the exercise of... | |
 | Richard Peters - Law reports, digests, etc - 1860 - 836 pages
...the attorney must receive the authority of the corporation, to enable him to represent it. Ibid. 18. When a government becomes a partner in any trading company, it divests itself, so far ;is concerns the transactions of that company, of its sovereign character, and takes that of a private... | |
 | William A. Shinn - Bankruptcy - 1873 - 546 pages
...Kent Com. • VOL. v. — 16. Sweatt Y. Boston, Hartford and Erie Railroad Co. (llth ed.) 275. When government becomes a partner in any trading company,...sovereign character and takes that of a private citizen. United States Bank v. Planters' Bank, 9 Wheat, 907. Text-writers every-where, in treating of the subject... | |
 | D. C. Cloud - Monopolies - 1873 - 494 pages
...his writings upon the constitution, has considered this point. He says, on page 345 of his work : " It is, we think, a sound principle, that when a government becomes a partner in a trading company ,'it divests itself, so far as concerns the transactions of the company, of its sovereign... | |
 | Ohio. Supreme Court - Law reports, digests, etc - 1873 - 582 pages
...Wheat. 907, CJ Marshall says : " It is a sound principle that when a government becomes a partner in a trading company, it divests itself, so far as concerns the transactions of that company, of ita sovereign character, and takes that of a private citizen." With this principle in view, we are... | |
 | D. C. Cloud - Monopolies - 1873 - 488 pages
...becomes a partner in a trading company, it divests itself, so far as concerns the transactions of the company, of its sovereign character, and takes that of a private citizen. Instead of com. municating to the company its privileges and its prerogatives, it descends to a level with those... | |
 | D. C. Cloud - Monopolies - 1873 - 556 pages
...345 of his work: " It is, we think, a sound principle, that when government becomes a partner in a trading company, it divests itself, so far as concerns the transactions of the company, of its sovereign character, and takes that of a private citizen. Instead of communicating... | |
| |
