Defence of Oakes Ames Against the Charge of Selling to Members of Congress Shar
Defence of Oakes Ames Against the Charge of Selling to Members of Congress Shar
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8 These capitalists believed that all the capital invested in the stock was jeopardized, and tlic venture was declined on the rule that no promise of profit justifies a prudent man in em- barking in any enterprise in which all the capital invested is liable to be sunk. Apart from some proof that a small amount of this stock changed hands between persons addicted to specu- lation at about one hundred and fifty, nothing is shown in reference to its value except that it was not on the market, and ...had no ascertained price. To overturn the presumption of innocence and substitute the conclusive imputation of guilt from the simple fact of such a transaction occurring between men who had long maintained the most friendly personal re- lations — of whom nothing was asked, and by whom nothing was promised — is to overturn all the safeguards afforded per- son and property by the common law, and in lieu thereof es- tablish an inquisitorial code, under Vvdiichno man's reputation is safe.
It has been assumed that the ownership of Credit Mobilici stock necessarily created in the holder a personal and pecuni- ary interest in procm-ing Congressional legislation favorable to the Union Pacific Railroad Company, or preventing legis- lation adverse to it.
What to read after Defence of Oakes Ames Against the Charge of Selling to Members of Congress Shar?
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To quickly assess the difficulty of the text, read a short excerpt:
8 These capitalists believed that all the capital invested in the stock was jeopardized, and tlic venture was declined on the rule that no promise of profit justifies a prudent man in em- barking in any enterprise in which all the capital invested is liable to be sunk. Apart from some proof that a small amount of this stock changed hands between persons addicted to specu- lation at about one hundred and fifty, nothing is shown in reference to its value except that it was not on the market, and ...had no ascertained price. To overturn the presumption of innocence and substitute the conclusive imputation of guilt from the simple fact of such a transaction occurring between men who had long maintained the most friendly personal re- lations — of whom nothing was asked, and by whom nothing was promised — is to overturn all the safeguards afforded per- son and property by the common law, and in lieu thereof es- tablish an inquisitorial code, under Vvdiichno man's reputation is safe.
It has been assumed that the ownership of Credit Mobilici stock necessarily created in the holder a personal and pecuni- ary interest in procm-ing Congressional legislation favorable to the Union Pacific Railroad Company, or preventing legis- lation adverse to it.
What to read after Defence of Oakes Ames Against the Charge of Selling to Members of Congress Shar?
You can find similar books in the "Read Also" column, or choose other free books by Oakes Ames to read onlineMoreLess
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