A Defence of Joint Stock Companies : Being An Attempt to Shew Their Legality, Expediency, And Public Benefit 9
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In our eReader you can find the full English version of the book. Read A Defence of Joint Stock Companies : Being An Attempt to Shew Their Legality, Expediency, And Public Benefit 9 Online - link to read the book on full screen. Our eReader also allows you to upload and read Pdf, Txt, ePub and fb2 books. In the Mini eReder on the page below you can quickly view all pages of the book - Read Book A Defence of Joint Stock Companies : Being An Attempt to Shew Their Legality, Expediency, And Public Benefit 9
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III. for preventing combinations in the Coal Trade, it is enacted, " That any persons exceeding the number of six, associated toge- ther for purchasing coals for sale, shall be deemed an unlawful combination to increase the price of coals." These are all the acts which specifically re- gulate partnerships; but not one of them will in the present instance apply — they are all penal acts, and must be construed in the strictest letter — they all specifically define their object, and the precise li...ne of demarcation is at once definitively, explicitly, and unequivocally drawn.
With the exception then of Marine Insur- ance, Banking, and the Coal Trade, associa- tions are not declared illegal by any positive act which can be found upon the statute book.
A doctrine of this description is as absurd as 50 it would otherwise be dangcrdus.--rfT5 it for t moment to be contended that those numerous public companies — at once respectable to them- selves and beneficial to others, which originated long previous to the present Joint Stock Com- panies — and which have been suffered to con- tinue so long unmolested — Companies, which in common with the present Joint Stock Com- panies, have no other bond of union than a trust deed ;— are therefore illegal ?
What to read after A Defence of Joint Stock Companies : Being An Attempt to Shew Their Legality, Expediency, And Public Benefit 9?
You can find similar books in the "Read Also" column, or choose other free books by Henry Day to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
III. for preventing combinations in the Coal Trade, it is enacted, " That any persons exceeding the number of six, associated toge- ther for purchasing coals for sale, shall be deemed an unlawful combination to increase the price of coals." These are all the acts which specifically re- gulate partnerships; but not one of them will in the present instance apply — they are all penal acts, and must be construed in the strictest letter — they all specifically define their object, and the precise li...ne of demarcation is at once definitively, explicitly, and unequivocally drawn.
With the exception then of Marine Insur- ance, Banking, and the Coal Trade, associa- tions are not declared illegal by any positive act which can be found upon the statute book.
A doctrine of this description is as absurd as 50 it would otherwise be dangcrdus.--rfT5 it for t moment to be contended that those numerous public companies — at once respectable to them- selves and beneficial to others, which originated long previous to the present Joint Stock Com- panies — and which have been suffered to con- tinue so long unmolested — Companies, which in common with the present Joint Stock Com- panies, have no other bond of union than a trust deed ;— are therefore illegal ?
What to read after A Defence of Joint Stock Companies : Being An Attempt to Shew Their Legality, Expediency, And Public Benefit 9?
You can find similar books in the "Read Also" column, or choose other free books by Henry Day to read onlineMoreLess
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