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Bills were afloat which he must meet, or stand before the world a detected forger, bills drawn upon companies that were shadowy as the regions of their supposed operations. Bills amounting to five thousand pounds, drawn, upon the Honduras Mahogany Company, Limited; other bills amounting to upwards of three thousand pounds, against the Pennsylvanian Anthracite Coal Corporation, Limited.
McCormick leaned forward and, shaking his forefinger to emphasise his point, replied slowly, "Practically every one of these fires has been directed against a Stacey subsidiary or a corporation controlled by them." "But if it has gone as far as that," put in Kennedy, "surely the regular police ought to be of more assistance to you than I."
You cannot well arrive at a pleasant intermediate hour, because the railway corporation that keeps the keys of the only door that leads into the town or out of it take care of that.
The Board of Regents, he maintained, was the only corporation whose powers were defined in the State Constitution, whereas in the case of every other corporation established by the Constitution it was provided that its powers should be defined by law.
Mr. Curtis's single proprietorship of the magazine had been changed into a corporation called The Curtis Publishing Company, with a capital of five hundred thousand dollars, with Mr. Curtis as president, and Bok as vice-president. The magazine had by no means an easy road to travel financially.
The Virginia company sold their right to the islands to one hundred and twenty of their own members, who erected themselves into a distinct corporation, under the name of the "Somer Island Society;" and Mr. Richard More was sent out, in 1612, as governor, with sixty men, to found a colony: and this leads me to the second branch of this research.
So much were the men of these districts in early times the objects of suspicion and dislike to their more polished neighbours, that there was, and perhaps still exists, a by-law of the corporation of Newcastle, prohibiting any freeman of that city to take for apprentice a native of certain of these dales.
If there was then a necessity to erect a corporation, because the town was large, there is none now, though larger: the place was not better governed a thousand years ago, when only a tenth of its present magnitude; it may also be governed as well a thousand years hence, if it should swell to ten times its size.
The astounding anomaly of modern civilization is the way we have lagged behind in applying to groups and nations of men the moral laws, universally recognized as binding over individuals. For instance, about twenty years ago we coined and used widely the phrase, "soulless corporation," to designate our great combinations of capital in industry and commerce. Why was that phrase used so widely?
Authority so narrowly confined could not long remain unquestioned in a primitive community. In October, 1630, one hundred and nine persons petitioned to be admitted to the freedom of the corporation. It was a critical moment in the history of this "due form of Government."
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