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Updated: June 7, 2025
In 1842, being then twenty-two years old, and having saved a moderate sum of money, he formed a copartnership with Messrs. Case & Nelson, boat builders, of St. Louis, for the purpose of recovering steamboats and their cargoes which had been sunk or wrecked in the Mississippi. Accidents of this kind were then very common in those waters, and the business bade fair to be very profitable.
Tired with the thin Moselle gratuitously allowed to the table, the judge wished to comfort himself with a glass of more generous liquor; aware of the price of a bottle of good Rudesheimer, he was desirous of forming a copartnership with one or two gentlemen in the venture; still more aware of his exalted situation, he felt it did not become him to appear in the eyes of any one as an unsuccessful suppliant.
This position, as of the dissolution of a copartnership, or the revocation of an agency, and an accounting of debts and assets, was at least simple; and by way of expediting it an appraisal of the "real estate" and "appurtenances" within the state limits had been made by the state government.
It is not found necessary, under the law, to make a general provision that in each case one partner should be supreme and the other subordinate. In many cases, by the terms of the copartnership there are limitations on one side and special privileges on the other, marriage settlements, as it were; but the general law of copartnership is based on the presumption of equality.
Many like phenomena has authorship: a certain class of otherwise humanized and well-intentioned people begin to regard your scribe as a monster not a so-called "lion" to be sought, but some strange creature to be dreaded: Perdition! what if he should be cogitating a novel or a play, and means to make free with our characters? what if that libellous cöpartnership of Saunders and Ottley is permitted to display our faults and foibles, flimsily disguised, before a mocking world?
However this may be, M. Blanqui's idea amounts simply to an increase of wages resulting from the copartnership, or at least from the interest in the business, which he confers upon the laborers. What, then, is the value to the laborer of a participation in the profits?
We danced to night to the musick of the bagpipe, which made us beat the ground with prodigious force. I thought it better to endeavour to conciliate the kindness of the people of Sky, by joining heartily in their amusements, than to play the abstract scholar. I looked on this tour to the Hebrides as a copartnership between Dr Johnson and me.
Secession, then, carries the entire State government, people, and domain out of the Union, and restores ipso facto the State to its original position of a sovereign State, foreign to the United States. Being an independent sovereign State, she may enter into a new confederacy, form a new copartnership, or merge herself in some other foreign state, as she judges proper or finds opportunity.
Each member of a copartnership must contribute a stated contribution to the establishment of the enterprise, but each need not give the same amount. Neither is it necessary that the contributions of each to the firm shall be of the same character. One may contribute a building, another machinery, or material, and still another money.
Remember, Mawruss, you got to tell him that as a partner I am a crank and a regular highbinder. Also, Mawruss, you got to tell him that if I wasn't held by a copartnership agreement I would do you for your shirt, y'understand?" Morris nodded. "I know you should, Abe," he said. "What!" Abe roared. "I mean I know I should," Morris explained; "I know I should tell this here Marks what you say."
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