 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.  Bulletin of the Department of Labor - Page 5071905Full view - About this book
 | Law reports, digests, etc - 1911 - 1168 pages
...business corporation, carried its sovereign prerogatives with it Into another state, and the court said: "It Is, -we think, a sound principle that, when a...divests itself, so far as concerns the transactions of the company, of Its sovereign character, and takes that of a private citizen. Instead of communicating... | |
 | Law reports, digests, etc - 1884 - 1126 pages
...subject of. an interest in the stock of a bank, the language of this coart, 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 éivests itself, so far as concerns the transactions of that company, of it» sovereign character,... | |
 | Law reports, digests, etc - 1885 - 890 pages
...United States v. Planters' Bank of Georgia, 9 Wheat., 904. " It is," said the court on that occasion, " 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... | |
 | Christopher Stuart Patterson - Constitutional law - 1888 - 336 pages
...against such a 1 p. 546. 2 Cohens v. Virginia, 6 Wheat. 264. corporation,1 for, as Marshall, CJ, said,1 "when a government becomes a partner in any trading...sovereign character, and takes that of a private citizen." Nor does the fact that a state claims property, which is not in its own possession but in the possession... | |
 | Seymour Dwight Thompson - Corporation law - 1895 - 1100 pages
...upon the further principle, stated by the same court, that " when a government becomes a partner in a trading company, it divests itself, so far as concerns...its sovereign character, and takes that of a private citizen."6 § 25. Public School Corporations. — Where the State pursues the policy of maintaining... | |
 | New York (State). Supreme Court. Appellate Division - Law reports, digests, etc - 1921 - 1088 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...company its privileges and its prerogatives, it descends App. Div.] First Department, March, 1921. to a level with those with whom it associates itself, and... | |
 | United States. President - 1897 - 714 pages
...party to a banking or a commercial enterprise the State could be sued in the course of business, on the principle that when a government becomes a partner...sovereign character and takes that of a private citizen. The State, said the court through Chief Justice Marshall, is not a party— that is, an entire party... | |
 | United States. President - Presidents - 1897 - 712 pages
...the State could Ы- sued in the course of business, on the principle that when a government Incomes a partner in any, trading company it divests itself,...sovereign character and takes that of a private citizen. The State, said the court through Chief Justice Marshall, is not a party — that is, an entire party... | |
 | United States. President, James Daniel Richardson - Presidents - 1897 - 732 pages
...could be sued in the course of business, on the principle that when a government becomes a partuer in any trading company it divests itself, so far as...sovereign character and takes that of a private citizen. The State, said the court through Chief Justice Marshall, is not a party — that is, an entire party—... | |
| |
