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" 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. "
Taxation of Shares of Preferred Stock of Banks While Owned by Reconstruction ... - 62. lappuse
autors: United States. Congress. House. Banking and Currency Committee - 1936 - 80 lapas
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United States Supreme Court Reports, 11. sējums

United States. Supreme Court - 1911 - 1184 lapas
...ruled ''that when a government becomes a partner in a trading concern, 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...
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Opinions of the Attorney General of the State of Wisconsin, 5. sējums

Wisconsin. Attorney General's Office - 1916 - 1038 lapas
...Georgia, 9 Wheaton 904, the court said at page 90(i: "Although the state holds an interest in it, it is, I think, a sound principle, that when a government becomes...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...
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Journal, 2-3. sējumi

Texas. Legislature. Senate - 1914 - 484 lapas
...vs. The Planters' Bank, 3 Wheat., 904, the Chief Justice, in giving the opinion of the court, says: 'It is, we think, a sound principle that when a government...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...
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Journal of the House of Representatives ... of the ... Legislature, 33. sējums

Texas. Legislature. House, Texas. Legislature. House of Representatives - 1914 - 580 lapas
...vs. The Planters' Bank, 9 Wheat.. 904, the Chief Justice, in giving the opinion of the court, says: 'It is, we think, a sound principle that when a government...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...
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Report of the Commission to Investigate the Educational System and ...

Vermont. Commission to Investigate the Educational System and Conditions of Vermont - 1914 - 166 lapas
...Supreme Court where the state is a party. The opinion by Chief Justice Marshall contains the following: "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...
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Lawyers' Reports Annotated, 50. grāmata

1914 - 1308 lapas
...business corporation carried its sovereign prerogati»ea with it into another state, and the court said: "It is, we think, a sound principle that, when a government becomes a puitner in any trading company, it devests itself, во far as concerns the transactions of that company,...
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A Compilation of the Messages and Papers of the Presidents, 19. sējums

United States. President - 1916 - 592 lapas
...be sued In the course of business, on the principle that when a government becomes a partner in auy trading company it divests Itself, so far as concerns...that company, of Its sovereign character and takes tbat of a private citizen. The State, said the court through. Chief Justice Marshall, Is not a party...
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Cases Argued and Decided in the Supreme Court of the United States, 6. grāmata

United States. Supreme Court - 1918 - 1296 lapas
...Planters' Bank of Georgia is not the state of Georgia, although the state holds an interest in it. It is, we think, a sound principle, that when a government becomes a partner in any ing company, it devests itself, so far as cerne the transactions of that company, < sovereign character,...
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Judicial Settlement of Controversies Between States of the ..., 2. sējums

James Brown Scott - 1919 - 572 lapas
...Bank of the United States v. Planters' Bank of Georgia (9 Wheat. 904, 907) said as long ago as 1824 : It is, we think, a sound principle, that when a government...sovereign character, and takes that of a private citizen. Instead of communicating to the company its privileges and prerogatives, it descends to a level with...
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Corpus Juris: Being a Complete and Systematic Statement of the ..., 14. sējums

William Mack, William Benjamin Hale - 1919 - 1164 lapas
...v. Gibbs, 14 SCL 377. See also Kentucky Bank v. Wister, 2 Pet. (US) 318. 7 L. ed. 437. " It Is . . . a sound principle, that when a government becomes...sovereign character, and takes that of a private citizen". Per Marshall CJ in US Bank v. Planters' Bank, supra. 40. See supra § 44. 41. State Bank v. Gibson....
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