...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...

...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...

...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...

...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...

...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...

...the other stockholders of the com. Chief Justice Marshall, in the decision of this case, remarks, " It is, we think, a sound principle, that when a government...any trading company, it divests itself, so far as it concerns the transactions of that company, of its sovereign character, and takes that of a private...

...irresponsible on account of the supremacy of their principal. " 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." (Bank of U'S. v. The Planters' Bank of Georgia, 9 Wheat. Rep. 904.) It seems to me to be competent...

...1687. The reasoning by which the general doctrine is maintained, is to the following effect. It is a sound principle, that when a government becomes...of communicating to the company its privileges and prerogatives, it descends to a level with those with whom it associates itself, and takes the character...

...íimilur argument, in the case of the United States bank v. The Planters' Bank of Georgia, 9 Whcuton, 904. "It is, we think, a sound principle, that when a government...trading company, it divests itself, so far as concerns tho transactions of that comparj-, of its sovereign character, and takes that of a private citizen....

...Planters' Bank of Georgia is not the State of Georgia, although the stajte holds an interest in it. "It is, we think, a sound principle, that, when a...any trading company, it divests itself, so far as it concerns the transactions of that company, of its sovereign character, and takes that of a private...