 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.  1905. Index - Page 8by United States. President, James Daniel Richardson - 1907Full view - About this book
 | United States. Supreme Court - Law reports, digests, etc - 1824 - 952 pages
...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... | |
 | United States. Supreme Court, Richard Peters - Court rules - 1829 - 758 pages
...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...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... | |
 | Jonathan Elliot - Diplomatic and consular service, American - 1834 - 776 pages
...ExpatrimioB. yv 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...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—... | |
 | James Madison Porter - Charters - 1837 - 72 pages
...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...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 be... | |
 | Indiana. General Assembly. Senate - Indiana - 1837 - 868 pages
...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 - Constitutional conventions - 1838 - 696 pages
...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...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 be affirmed... | |
 | Pennsylvania. Constitutional Convention - Constitutional conventions - 1838 - 398 pages
...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... | |
 | John Marshall - Constitutional law - 1839 - 762 pages
...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 communicating to the company its privileges and its prerogatives, it descends to a level... | |
 | United States - 1840 - 582 pages
...decisions of the Supreme Court. Judge Marshall said, " 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." See the case of the US against Planter's Bank, in the ninth volume of Wheaton's Reports. If so, she... | |
 | United States - 1840 - 574 pages
...decisions of the Supreme Court. Judge Marshall said, " 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." See the case of the US against Planter's Bank, in the ninth volume of Wheaton's Reports. If so, she... | |
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