The Distribution of Ownership

Cover The Distribution of Ownership
The Distribution of Ownership
Joseph Harding Underwood
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" ^ Detriment to the state is also avoided by the custom of granting franchises subject to repeal and amendment, a reservation which now appears in general in- corporation laws and state constitutions. Several state constitutions provide that the police power of the state shall never be abridged so as to permit corporations to conduct their business so as to infringe the rights of in- dividuals or the general well-being of the state.
Advantage in industry or trade which tends to become 1 L. & N
.... Ry. Co. Vs. Ky. , 161 U. S. , 677.
2 Charles River Bridge Co. Vs. West River Bridge Co. , 11 Peters, 536.
3 Brannon, op. Cit. , p. 361. * Ihid. , p. 361.
5 Beer Co. Vs. Mass. , 97 U. S. , 28, ZZ- 505] LIMITATION OF CORPORATE OWNERSHIP 161 monopoly in the strict sense of sole control, increases the exercise of the police power. This opposition is ex- pressed in decisions under the common law against mono- poly ; in constitutions and in statutes.
General or unreasonable contracts in restraint of trade are void at common law.


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