“In fact, he even didn't think they should exist: The directors of such ... companies, however, being the managers rather of other people's money than of their own, it cannot well be expected, that they should watch over it with the same anxious vigilance with which the partners in a private copartnery frequently watch over their own....”
“You will see, by this day's Edinburgh papers, that the copartnery of John Ballantyne & Co. is formally dissolved.”
“But the constitution of joint stock companies renders them in general more tenacious of established rules than any private copartnery.”
“But a public bank which is to support public credit, and upon particular emergencies to advance to government the whole produce of a tax, to the amount, perhaps, of several millions, a year or two before it comes in, requires a greater capital than can easily be collected into any private copartnery.”
“First, it ought to appear with the clearest evidence, that the undertaking is of greater and more general utility than the greater part of common trades; and secondly, that it requires a greater capital than can easily be collected into a private copartnery.”
“Local color and local pride, with one thing and another in the way of special incitement or inhibition, may come in to vary the run of things, or to blur or hinder a common understanding and mutual furtherance and copartnery in these matters of taste and intellect.”
“Of course, on any one of these slightly diversified plans of keeping the peace on a stable footing of copartnery among the pacific nations, national jealousies and national integrity no longer have any substantial meaning.”
“It requires but a copartnery of two to manage beds; but washing and eating can be carried on most economically by a syndicate of three.”
“We have heard of only one provincial Bank being even for a moment in the predicament of suspicion; and of that copartnery the funds and credit were so well understood, that their correspondents in Edinburgh, as in the case of the East Lothian Bank formerly mentioned, at once guaranteed the payment of their notes, and saved the public even from momentary agitation, and individuals from the possibility of distress.”
“Two individuals, the one a mason, the other a carpenter, both residenters in West Portsburgh, formed a copartnery, and commenced building houses within the boundaries of the burgh corporation.”
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