The Changing Order : Essays On Government, Monopoly, And Education

Cover The Changing Order : Essays On Government, Monopoly, And Education
The Changing Order : Essays On Government, Monopoly, And Education
George W George Woodward Wickersham
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Digitized by VjOOQ IC Federal Control of Stocks and Bonds 195 In some respects, congressional legislation has dealt far more minutely with the subject of water commerce than with that by railroad.
The navigation laws of the United States provide that only vessels registered pursuant to act of Congress shall be deemed vessels of the United States and entitled to the benefits and privileges appertaining to such vessels, and that they shall enjoy such benefits and privileges only so long as they s
...hall continue to be owned by a citizen of the United States or a corporation of a State, and shall be commanded by a citizen of the United States (U. S. R. S., Sec. 413) : That, with certain exceptions, only vessels built within the United States and belonging wholly to citizens thereof may be lawfully registered (R. S., Sec. 4132) : That no bill of sale, mortgage, hypothecation, or conveyance of any vessel or part of a vessel of the United States shall be valid as against any person other than the grantor or mortgagor, his heirs and devisees and persons having actual notice thereof, tmless re- corded in the office of the Collector of Customs where such vessel is enrolled (R.

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