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" 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 - Halaman 1070
oleh John Torrey Morse (Jr.) - 1888
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Proceedings and Debates of the Convention of the Commonwealth of ..., Volume 5

Pennsylvania. Constitutional Convention - 1838 - 696 halaman
...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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Proceedings and Debates of the Convention of the Commonwealth of ..., Volume 8

Pennsylvania. Constitutional Convention - 1838 - 398 halaman
...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...
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The Writings of John Marshall, Late Chief Justice of the United States, Upon ...

John Marshall - 1839 - 762 halaman
...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...
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The United States Democratic Review, Volume 7

1840 - 582 halaman
...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...
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The United States Magazine and Democratic Review, Volume 7

1840 - 574 halaman
...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...
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Documents, Messages and Other Communications, Made to ..., Volume 10,Bagian 1

Ohio. General Assembly - 1846 - 950 halaman
...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...
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Reports of Cases in Law and Equity in the Supreme Court of the ..., Volume 3

Oliver Lorenzo Barbour, New York (State). Supreme Court - 1849 - 706 halaman
...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...
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Commentaries on the constitution of the United States, Volume 1

Joseph Story - 1851 - 642 halaman
...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...
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Reports of Cases Argued and Determined in the Supreme Court of ..., Volume 5

Louisiana. Supreme Court - 1851 - 838 halaman
...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....
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Commentaries on the Jurisdiction, Practice, and Peculiar ..., Volume 1

George Ticknor Curtis - 1854 - 674 halaman
...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...
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