Lectures Delivered Before the Students of Purdue University in Railway Engineering and Allied Subjects, 1897-98. --1898 - 347 Seiten |
Andere Ausgaben - Alle anzeigen
Lectures Delivered Before the Students of Purdue University, in Railway ... Purdue University Keine Leseprobe verfügbar - 2017 |
Häufige Begriffe und Wortgruppen
block body bolster bonds and stock built capital carried cent charge citizens competition compression member construction contracts cost courts created deemed distant signal dividends duty earnings eminent domain employes engine England equipment exist franchises freight car haul home signal injury interest issued journal bearing Judge Drummond jury justice large railway companies legislative Legislature less lines locomotive means ment mileage miles mortgage necessary obligation one-half inches operation pany passenger persons plate ployes posts privileges protect public roads public welfare Purdue University question rail railroad company railway service railway stocks rates reason receive result rule ruling grade secure semaphore signal shippers stage coach station station agent stockholders stop switch terminal stations TIE ROD tion to-day track track circuit traffic train truck truss truss rods United watered stock
Beliebte Passagen
Seite 84 - A corporation is an artificial being, invisible, intangible, and existing only in contemplation of law. Being the mere creature of law, it possesses only those properties which the charter of its creation confers upon it. either expressly, or as incidental to its very existence.
Seite 84 - Among the most important are immortality, and, if the expression may be allowed, individuality ; properties by which a perpetual succession of many persons are 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 intricacies, the hazardous and endless necessity, of perpetual conveyances for the purpose of transmitting it from hand to hand. It is chiefly for the purpose of clothing bodies of men,...
Seite 159 - Whether the use of a railroad is a public or a private one depends in no measure upon the question who constructed it or who owns it. It has never been considered a matter of any importance that the road was built by the agency of a private corporation. No matter who is the agent, the function performed is that of the State. Though the ownerBhip is private, the use is public.
Seite 98 - The objects for which a corporation is created are universally such as the government wishes to promote. They are deemed beneficial to the country ; and this benefit constitutes the consideration, and, in most cases, the sole consideration, of the grant.
Seite 182 - And this is a politic establishment, contrived by the policy of the law, for the safety of all persons, the necessity of whose affairs oblige them to trust these sorts of persons, that they may be safe in their ways of dealing...
Seite 211 - It would be an invasion of one's natural liberty to compel him to work for or to remain in the personal service of another.
Seite 207 - The strong arm of the national government may be put forth to brush away all obstructions to the freedom of interstate commerce or the transportation of the mails. If the emergency arises, the army of the Nation, and all its militia, are at the service of the Nation to compel obedience to its laws.
Seite 126 - ... their shareholders. The business which the railroads do is of a public nature, closely affecting almost all classes in the community — the farmer, the artisan, the manufacturer and the trader. It is of such a public nature that it may well be doubted, to say the least, whether any contract which imposes any restraint upon its business would not be prejudicial to the public interest.
Seite 159 - ... state's right of eminent domain could be exercised by a private corporation created for the purpose of constructing a railroad. Clearly it could not unless taking land for such a purpose by such an agency is taking land for public use. The right of eminent domain nowhere justifies taking property for private use. Yet it is a doctrine universally accepted that a state legislature may authorize a private corporation to take land for the construction of such a road, making compensation to the owner.
Seite 91 - That invisible, intangible and artificial being, that mere legal entity, a corporation aggregate, is certainly not a citizen; and, consequently, cannot sue or be sued in the courts of the United States, unless the rights of the members, in this respect, can be exercised in their corporate name.