American Business Corporations Before 1789
American Business Corporations Before 1789
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The London chamber was founded only twenty } 7 ears ago.
It was not until near the close of the war of the Revolu- tion that the first business corporation owing its franchise purely to American sovereignty came into existence. The a Acts and Resolves, Public and Private, of the Province of the Massachusetts Bay, V. 200, 262, 288.
ft Laws of New York, Ed. Of 1792, I, 80, Chap. XXX. O Dartmouth College v. Woodward, 4 Wheaton's Reports 518.
266 AMERICAN HISTORICAL ASSOCIATION.
country was driven ...to it by hard necessity. The summer of 1780 found the army without rations, and the Continental cur- rency sunk to a value of hardly two cents on the dollar. A As a temporary expedient, a voluntary association of capitalists was formed at Philadelphia to establish a private bank to aid the credit of the United States, and 300, 000 in Pennsylvania currency was subscribed for this purpose. 6 The bank was found useful, and on May 26, 1781, soon after the ratification of the first Constitution of the United States, Congress voted to grant a charter for a u national bank" on a plan proposed by Robert Morris as soon as a capital of $400, 000 should be subscribed, payable in hard money.
What to read after American Business Corporations Before 1789?
You can find similar books in the "Read Also" column, or choose other free books by Simeon Eben Baldwin to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
The London chamber was founded only twenty } 7 ears ago.
It was not until near the close of the war of the Revolu- tion that the first business corporation owing its franchise purely to American sovereignty came into existence. The a Acts and Resolves, Public and Private, of the Province of the Massachusetts Bay, V. 200, 262, 288.
ft Laws of New York, Ed. Of 1792, I, 80, Chap. XXX. O Dartmouth College v. Woodward, 4 Wheaton's Reports 518.
266 AMERICAN HISTORICAL ASSOCIATION.
country was driven ...to it by hard necessity. The summer of 1780 found the army without rations, and the Continental cur- rency sunk to a value of hardly two cents on the dollar. A As a temporary expedient, a voluntary association of capitalists was formed at Philadelphia to establish a private bank to aid the credit of the United States, and 300, 000 in Pennsylvania currency was subscribed for this purpose. 6 The bank was found useful, and on May 26, 1781, soon after the ratification of the first Constitution of the United States, Congress voted to grant a charter for a u national bank" on a plan proposed by Robert Morris as soon as a capital of $400, 000 should be subscribed, payable in hard money.
What to read after American Business Corporations Before 1789?
You can find similar books in the "Read Also" column, or choose other free books by Simeon Eben Baldwin to read onlineMoreLess
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