joint-stock companies

“The trustees of the hospital, the stockholders in these licensed faro-banks ” for they were, like all robbing-machines, joint-stock companies ” and many who honestly believed this the best system to prevent gaming as far as possible, were seen hanging about the lobbies of the Legislature.”

The Memories of Fifty Years

“He sees little future for the newly emerging business organizations called joint-stock companies corporations, since it seems highly improbable that such impersonal bodies could muster the necessary self-interest to pursue complex and arduous undertakings.”

Simon & Schuster: The Worldly Philosophers