...Planters' Bank of Georgia is not the State of Georgia, although the State holds an interest in it. It is, we think, a sound principle, that when a government becomes a partner in any trading company, it devests itself, so far as concerns the transactions of that company, of its sovereign character, and...

...interest in it." " It is," he says, " a sound principle, that when a government becomes a partner in a trading company, it divests itself so far as concerns the transactions of that company, of its soverign character, and takes th it of a private citizen." I cannot distinguish that case from the...

...subject of an interest in the stock of a bank, the language of this court, in the case cited, is this : " It is, we think, a sound principle, that when a government becomes a partner in any trading company, it devests itself, so far as it concerns the transactions of that company, of its sovereign character,...

...subject of an interest in the stock of a bank, the language of this court, in the case cited, is this : " It is, we think, a sound principle, that when a government becomes a partner in any trading company, it devests itself, so far at it concerns [he transactions of that company, of its sovereign character,...

...1681. The reasoning, by which the general doctrine is maintained,' is to the following effect. It is a sound principle, that, when a government becomes...in any trading company, it divests itself, so far the persons really concerned in interest ; but it has never been suspected, that, if the executor be...

...ExpatrimioB. yv Gillies— I Peters' CC it. 159. VS v. fPUKams—4 HalFs Law Journal, 461 CC Conn 1799 493. When a government becomes a partner in any trading...transactions of that company, of its sovereign character, and Sovereign,' takes that of a private citizen — Bank United Slates v. Planter's Bank of Georgia—...

...subject of an interest in the siock of a bank, the language of this court, in the case cited, is this : " It is, we think, a sound principle, that when a government becomes a partner in »ny trading company, it devests itself, so far as it concerns the transactions of that company, of...

...Bank v. The Planters' Bank of Georgia, 9 Wheat. R. 904. "It is, (said the Court on that occasion,) we think, a sound principle, that when a government...sovereign character, and takes that of a private citizen." In the present case, the legislature expressly prohibited any partnership, or participation with other...

...an interest in it. It is, (he says,) a sound principle that when a government becomes a partner in a trading company, it divests itself, so far as concerns...sovereign character, and takes that of a private citizen." " The same may be affirmed of insurance, canal, bridge, and turnpike companies, &c. The same may also...

...Wheaton's Reports 907) said: it is a sound principle that when a government becomes a partner, in a trading company, it divests itself, so far as concerns...sovereign character, and takes that of a private citizen." Bank of South Carolina vs. Gihbs, 3 M'Cord's Reports 377— State Bank of North Carolina vs. Clark,...