A Study of the United States Steel Corporation in Its Industrial And Legal Aspects; Being Three Lectures Delivered to the Class in Private Corporations, in the University of Michigan, June 3, 4 And 5, 1901

Cover A Study of the United States Steel Corporation in Its Industrial And Legal Aspects; Being Three Lectures Delivered to the Class in Private Corporations, in the University of Michigan, June 3, 4 And 5, 1901
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St R. 242; Carter-Crume Co. v. Peurrung, 86 Fed. R.
439.
THK UNITED STATES STEEL CORPORATION. 87 when it is clear that A wants only for the purpose of murder- ing C So, too, when it is clear that A is about to use the revolver for such a purpose, the law does not inquire, before preventing such act by A, whether B had been innocent in selling it to him or not. It makes no difference whether corporation B innocently or wrongfully sells its property to corporation A, who proposes and proceeds to
...make an un- lawful use of it, as to the states's power to call A to account.
It may be said, further, that there is a difference between pur- chasing property of a tangible kind, having a definite location and situs which subjects its owner to the jurisdiction of the state where it is located, so far as its management there is concerned, and owning mere intangible rights to vote shares, and thereby in effect control large property interests located anywhere, with- out the ordinary incidents of jurisdiction over property arising.


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