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A starting point for the study of the English Constitution and comparative constitutional law, The Law of the Constitution elucidates the guiding principles of the modern constitution of England: the legislative sovereignty of Parliament, the rule of law, and the binding force of unwritten conventions.
Before the 99% occupied Wall Street... Before the concept of social justice had impinged on the social conscience... Before the social safety net had even been conceived... By the turn of the 20th Century, the era of the robber barons, Andrew Carnegie (1835-1919) had already accumulated a staggeringly large fortune; he was one of the wealthiest people on the globe. He guaranteed his position as one of the wealthiest men ever when he sold his steel business to create the United States Steel Corporation. Following that sale, he spent his last 18 years, he gave away nearly 90% of his fortune to charities, foundations, and universities. His charitable efforts actually started far earlier. At the age of 33, he wrote a memo to himself, noting ..".The amassing of wealth is one of the worse species of idolatry. No idol more debasing than the worship of money." In 1881, he gave a library to his hometown of Dunfermline, Scotland. In 1889, he spelled out his belief that the rich should use their wealth to help enrich society, in an article called "The Gospel of Wealth" this book. Carnegie writes that the best way of dealing with wealth inequality is for the wealthy to redistribute their surplus means in a responsible and thoughtful manner, arguing that surplus wealth produces the greatest net benefit to society when it is administered carefully by the wealthy. He also argues against extravagance, irresponsible spending, or self-indulgence, instead promoting the administration of capital during one's lifetime toward the cause of reducing the stratification between the rich and poor. Though written more than a century ago, Carnegie's words still ring true today, urging a better, more equitable world through greater social consciousness.
Originally published: 5th ed. Boston: Little, Brown and Co., 1956.
Nineteenth-century editorial cartoons often pictured government and industry hand-in-hand. Yet as early as 1889 Texas had enacted an antitrust law to curb the power of monopolies, and in the first years of the industry that would bring untold riches to the state, the attorney general used that law against oil trusts to a surprising extent. Ironically, for most of the first twenty-five years following the enactment of the Sherman Antitrust Act, federal enforcement efforts were extremely limited, leaving the field to the states. Texas was one of several states that had strong antitrust laws and whose attorneys general prosecuted antitrust violations with vigor. Political ambition was a factor in the decisions to investigate and prosecute cases against a highly visible target, the petroleum industry, but there was also a genuine belief in the goals of antitrust policy and in the efficacy of enforcement of the laws. In Broken Trusts, Jonathan Singer offers the definitive study of the formative period of antitrust enforcement in Texas. His analysis of the state attorney general’s use of antitrust law against the oil industry in this time of transition from agricultural to industrial society provides insights into the litigation process, the gap between the rhetoric of trust-busting and the reality of antitrust enforcement, and also the changing roles of state government in the late nineteenth and early twentieth centuries. The experience of Texas undermines the view that federal action has always dominated antitrust enforcement efforts and that antitrust litigation against Standard Oil was ineffectual. Rather, the results of the Texas attorney general’s litigations suggest that some states took their role in the dual enforcement scheme seriously and that the measure of success of antitrust enforcement goes beyond the amount of monetary penalties collected and the number of companies permanently ousted from a state. This volume will be valuable to those interested in the effects of the Sherman Antitrust Act, as well as those concerned with the evolution of the Texas attorney general’s office.
Reproduction of the original: The Right to Privacy by Samuel D. Warren, Louis D. Brandeis