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Updated: June 15, 2025
He wrote a letter on the 18th March, 1766, to Simonds & White of which the extract that follows is a part: "I have been Largely concerned in partnerships before Now but Never so Ignorant of any as of the present, which I am willing to Impute it to your hurry of Business, But Let me Tell you that partners are in a high degree guilty of Imprudence to Continue a Large Trade for Two years without Settling or knowing whether they have Lost a hundred pounds or not although they may be ever so Imersed in Business, for the Sooner they Stop the better, provided they are Losing money as it seames in Mr.
If that is the case, we will have to think over strategic partnerships, a little like the one linking us to the group Ringier which permitted the re-launching of the Chroniques after six months of inactivity. But whatever the degree of convergence is, I think there will always be room for written work, and also for in-depth analysis on the main questions."
The other partners, called general partners, whose names only are used, and who transact the business, are liable for all the debts contracted, as in ordinary partnerships. If such partnership is to be dissolved by act of the parties before the expiration of the term for which it is formed, notice of dissolution must be filed and recorded, and published in a newspaper.
The first estate is to a rising little community what the wedding trousseau is to a young bride, his first horse to a youth, his first success to a poet, to a gay girl her first fifty-guinea shawl; because, after all, in this material age, an estate gives a certain rank to a society on the Religious Exchange, and has so much the more effect upon the simple-minded, that all these partnerships in the work of salvation, which end by becoming immensely rich, begin with modest poverty as social stock-in-trade, and charity towards their neighbors as security reserve fund.
Their life is almost entirely individualistic. There are personal friendships, of course, but few economic or social partnerships. Everybody pursues his own occupation without regard to the occupation of his neighbors. If a man emigrates it does not affect the occupation of those who farm the land all about him. They go on ploughing and digging, buying and selling, just as before.
It must not be supposed that peace will have any healing effect, to restore the parties to their rights; the co-partnership being once dissolved by the war, it was extinguished for ever, except as to matters existing prior to the war. With regard to the effect of war upon partnerships, where the partners are severally subjects of the belligerent powers. According to Mr. Justice Story,
The new century demands new partnerships for peace and security. The United Nations plays a crucial role, with allies sharing burdens America might otherwise bear alone. America needs a strong and effective U.N. I want to work with this new Congress to pay our dues and our debts.
Snodgrass, he did nothing but whisper poetical sentiments into his partner's ear, which made one old gentleman facetiously sly, about partnerships at cards and partnerships for life, and caused the aforesaid old gentleman to make some remarks thereupon, accompanied with divers winks and chuckles, which made the company very merry and the old gentleman's wife especially so. And Mr.
Strange that impalpable element must be, and for ever unattainable by him; yet with its gifts of sun and shower, its furniture of winged life that inhabits also on the friendly soil, it has links and partnerships with life as he knows it and is a complement of earthly conditions.
The remainder of the land was still worked on the old system, but these three associated partnerships were the first step to a new organization of the whole, and they completely took up Levin's time.
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