Thursday, October 18, 2007

In municipal corporations in the United States the members are the



citizens; the number is indefinite; one ceases to be a member when he
moves from the town or city, while every new resident becomes a member
when by law he becomes entitled to the privileges of local
citizenship
In municipal corporations in the United States the members are the
citizens; the number is indefinite; one ceases to be a member when he
moves from the town or city, while every new resident becomes a member
when by law he becomes entitled to the privileges of local
citizenship. In corporations created for the emolument of their
members interests are represented by shares, which may be transferred
by their owners, and the assignee becomes entitled to the rights of
membership when the transfer is recorded; and if the owner dies his
personal representative becomes a member for the time being. In such
corporations also shares may be sold in satisfaction of debts against
their owners.




The factors which have most weight in fixing schedules of rates and



fares are what it will cost to perform the several services, what the
services are worth to those for whom they are to be rendered, and the
extent to which there is competition among rival carriers to secure
the traffic concerned
The factors which have most weight in fixing schedules of rates and
fares are what it will cost to perform the several services, what the
services are worth to those for whom they are to be rendered, and the
extent to which there is competition among rival carriers to secure
the traffic concerned. Though on the face of things it would seem that
the railways should fix the charges for their various services in
accordance with the costs of performing those services, it is neither
practicable for them to do so nor is it desirable from the standpoint
of public welfare that such a criterion should be adopted. It is
impracticable for the railroads to base their charges upon cost of
service, because it is impossible to determine accurately the elements
which enter into the cost of performing the particular transportation
service. The modern railroad is a very complex mechanism, employed in
the performance of a multitude of different services. No railroad
official is able to say just how much of the company"s total expenses
are to be charged against any one particular freight or passenger
service.




The poet lost his first-born, and Madame Hugo took it so much to heart



that he thought it wise to close their residence
The poet lost his first-born, and Madame Hugo took it so much to heart
that he thought it wise to close their residence. Besides, changes had
been made in the street so as to render it less pleasant as a residence.
After one or two changes he finally settled down in the Place Royale,
where he spent many years of his life. This dwelling was furnished to
suit the taste of a poet, and was beautiful in every respect. It was
filled with statues, paintings, and exquisite furniture, and his study,
especially, was a charming apartment. Here his friends came--and they
were numerous as the leaves upon a tree. Young authors flocked to his
rooms and received counsel, and old men came to enjoy his conversation.