 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
 | Naval War College (U.S.) - International law - 1925 - 246 pages
...view was that stated by Marshall, CJ, in an old American authority ( US Bank v. Planters, Bank 8), 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." [The... | |
 | Joseph Henry Beale, Roswell Foster Magill - Taxation - 1926 - 744 pages
...sovereignty of such other state (Georgia v. City of Chattanooga, 264 US 472, 44 S. Ct. 369, 68 L..ed. 796) ; that, when a government becomes a partner in any trading...that company, of its sovereign character, and takes on that of a private citizen (Bank of United States v. Planters' Bank of Georgia, 9 Wheat. 904, 6 L.... | |
 | Harold Archer Van Dorn - Corporations - 1926 - 334 pages
...commercial service. Marshall in The Bank of the United States v. The Planters' Bank of Georgia declared that "when a government becomes a partner in any trading...transactions of that company, of its sovereign character, nnd takes that of a private citizen. Instead of communicating to the company its privileges and its... | |
 | History - 1927 - 622 pages
...suit was instituted against a bank in which a state held some shares, Chief Justice Marshall said : It is, we think, a sound principle, that when a government becomes a party in any trading company, it devests itself, so far as 40 US v. Buford, 3 Pet. 12, 7 L. Ed. 585.... | |
 | Robert Dorsey Watkins - Administrative law - 1927 - 240 pages
...suit was instituted against a bank in which a state held some shares, Chief Justice Marshall said: It is, we think, a sound principle, that when a government becomes a party in any trading company, it devests itself, so far as 40 US v. Buford, 3 Pet. 12, 7 L. Ed. 585.... | |
 | Benjamin Sollow Kirsh - Professional associations - 1928 - 270 pages
...at least, there is a distinction between the public and private functions of a sovereign government. "It is, we think, a sound principle, that when a government...communicating to the company its privileges and its prerogative, it descends to a level with those with whom it associates itself, and takes the character... | |
 | John Mabry Mathews, Clarence Arthur Berdahl - Local government - 1928 - 1004 pages
...United States v. Planters' Bank of Georgia (1824) (9 Wheat. 904) Chief Justice Marshall said (p. 907) : "It is, we think, a sound principle that when a Government...of a private citizen. Instead of communicating to a company its privileges and prerogation, it descends to a level with those with whom it associates... | |
 | Julius Irizarry Puente - International law - 1928 - 332 pages
...Dabney, 37 How. Pr. (NY), 264. i»* Molina v. Comision Reguladora, 91 NJL 382, 103 Atl. 397. comes a partner in any trading company, it divests itself,...that company, of its sovereign character, and takes on that of a private citizen. Instead of communicating to the company its privileges and prerogatives,... | |
 | United States - 1928 - 332 pages
...stockholder in the National Coal Co., the government divested itself, so far as concerns the transaction of that company, of its sovereign character and takes that of a private citizen. As a stockholder of the corporation the government exercises none of its powers as a sovereign. It... | |
 | Philippines. Governor - Executive departments - 1928 - 334 pages
...stockholder in the National Coal Co., the government divested itself, so far as concerns the transaction of that company, of its sovereign character and takes that of a private citizen. As a stockholder of the corporation the government exercises none of its powers as a sovereign. It... | |
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