The Taxing Power Its Limitations Argument of Creed Haymond Before the Suprem

Cover The Taxing Power Its Limitations Argument of Creed Haymond Before the Suprem
The Taxing Power Its Limitations Argument of Creed Haymond Before the Suprem
Creed Haymond
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These are such as are supposed best calculated to affect the object for which it was created. Among the most important are wtmortality, and if the expression be allowed i7idividuality . Properties by which a perpetual succession of many persons is considered as the same, and may act as a single individual. They enable a corporation to manage its own affairs, and to hold property without the perplexing in- tricacies and hazardous and endless necessity of perpetual conveyances for the purpose of ...trans- mitting it from hand to hand. It is chiefly for the purpose of clothing bodies of men in success- ion, with these qualities and capacities, that corporations were invented and are in use. By these means a 'perpetual succession of individuals is capable of acting for the promotion of the 23 particular object, like one immortal being. But this . Being does not share in the civil government of the country, unless that be the purpose for which it was created. Its immortality no more confers on it political power or a political character, than immortality would confer such a power or charac- ter on a natural person.

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