 | United States. Supreme Court - 1824 - 952 lapas
...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...sovereign character, and takes that of a private citizen. Instead of communicati.ig to the company its privileges and its prerogatives, it descends to a level... | |
 | David James McCord, South Carolina. Constitutional Court of Appeals - 1826 - 670 lapas
...interest in it." " It is," he says, " 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 its soverign character, and takes th it of a private citizen." I cannot distinguish that case from the... | |
 | Joseph Blunt - 1835 - 624 lapas
...a government becomes a partner in any trading company, it devests itself, so far at it concerns [he transactions of that company, of its sovereign character, and takes that of a private citizen. Instead of communicating to the company its privileges and its prerogatives, it descends to a level... | |
 | Joseph Story - 1833 - 800 lapas
...general doctrine is maintained,' is to the following effect. It is a sound principle, that, when a government becomes a partner in any trading company, it divests itself, so far the persons really concerned in interest ; but it has never been suspected, that, if the executor be... | |
 | Jonathan Elliot - 1834 - 776 lapas
...Gillies— I Peters' CC it. 159. VS v. fPUKams—4 HalFs Law Journal, 461 CC Conn 1799 493. When a government becomes a partner in any trading company,...transactions of that company, of its sovereign character, and Sovereign,' takes that of a private citizen — Bank United Slates v. Planter's Bank of Georgia—... | |
 | Joseph Blunt - 1830 - 628 lapas
...principle, that when a government becomes a partner in »ny trading company, it devests itself, so far as it concerns the transactions of that company, of its...sovereign character, and takes that of a private citizen. Instead of communicating to the company its privileges and its prerogatives, it descends to a level... | |
 | James Madison Porter - 1837 - 72 lapas
...an interest in it. It is, (he says,) a sound principle that when a government becomes a partner in a trading company, it divests itself, so far as concerns...sovereign character, and takes that of a private citizen." " The same may be affirmed of insurance, canal, bridge, and turnpike companies, &c. The same may also... | |
 | Indiana. General Assembly. Senate - 1837 - 868 lapas
...Wheaton's Reports 907) said: it is a sound principle that when a government becomes a partner, in a trading company, it divests itself, so far as concerns...sovereign character, and takes that of a private citizen." Bank of South Carolina vs. Gihbs, 3 M'Cord's Reports 377— State Bank of North Carolina vs. Clark,... | |
 | Pennsylvania. Constitutional Convention - 1838 - 696 lapas
...an interest in it. It is (he says,) a sound principle that, when a government becomes a partner in a trading company, it divests itself, so far as concerns...sovereign character, and takes that of a private citizen." "The same may be affirmed of insurance, canal, bridge and turnpike companies, &c. The same may also... | |
 | Pennsylvania. Constitutional Convention - 1838 - 398 lapas
...it is a sound principle, that when a government becomes a partner in a trading company, it diverts itself, so far as concerns the transactions of that...sovereign character, and takes that of a private citizen." Again, they say in the same case, page 908. "The government of the Union held shares in the old Bank... | |
| |
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. 
