 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
 | United States. President - United States - 1909 - 884 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...far as concerns the transactions of that company, if its sovereign character and takes that of a private citizen. The State, said the court through Chief... | |
 | Westel Woodbury Willoughby - Constitutional law - 1910 - 804 pages
...itself with the corporation." Upon the contrary, by becoming a partner in or the owner of stock of a trading company '' it divests itself, so far as concerns...of communicating to the company its privileges and prerogatives, it descends to a level with those with whom it associates itself." 7 In Darrington v.... | |
 | Law reports, digests, etc - 1914 - 1308 pages
...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,... | |
 | United States. President - Presidents - 1916 - 592 pages
...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... | |
 | United States. Supreme Court - Law reports, digests, etc - 1918 - 1296 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 ing company, it devests itself, so far as cerne the transactions of that company, < sovereign character,... | |
 | James Brown Scott - Constitutional law - 1919 - 572 pages
...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...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... | |
 | William Mack, William Benjamin Hale - Law - 1919 - 1164 pages
...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.... | |
 | Electronic journals - 1920 - 484 pages
...States v. Planters Bank (1824) 9 Wheat. 904, 6 L. Ed. 244, in which Chief Justice Marshall said that "It is, we think, a sound principle that when a government becomes a partner in a trading company, it divests itself, so far as the transactions of that company are concerned, of... | |
 | Law reports, digests, etc - 1921 - 1106 pages
...defendant was concerned. In the opinion rendered, Chief Justice Marshall, among other things, stated: "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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