 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 - Law reports, digests, etc - 1824 - 952 pages
...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 trading company, it devests itself, so far as concerns the transactions of that company, of its sovereign character, and... | |
 | Joseph Blunt - History - 1830 - 646 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 it concerns the transactions of that company, of its sovereign character,... | |
 | Joseph Blunt - History - 1835 - 624 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 at it concerns [he transactions of that company, of its sovereign character,... | |
 | Joseph Story - Constitutional history - 1833 - 800 pages
...1681. The reasoning, by which the general doctrine is maintained,' is to the following effect. It is a sound principle, that, when a government becomes...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 - 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—... | |
 | Joseph Blunt - History - 1830 - 628 pages
...subject of an interest in the siock 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 »ny trading company, it devests itself, so far as it concerns the transactions of that company, of... | |
 | United States. Supreme Court - Law reports, digests, etc - 1837 - 696 pages
...Bank v. The Planters' Bank of Georgia, 9 Wheat. R. 904. "It is, (said the Court on that occasion,) we think, a sound principle, that when a government...sovereign character, and takes that of a private citizen." In the present case, the legislature expressly prohibited any partnership, or participation with other... | |
 | 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,... | |
 | 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...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... | |
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