The Alabama Claims
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| Partner: | buecher.de |
| Hersteller: | Forgotten Books (Clingman, T. L.) |
| Stand: | 2015-08-04 03:50:33 |
Produktbeschreibung
Excerpt from The Alabama Claims: A Synopsis The act of Congress approved June the 23d, 1874, contains a provision in the following words: "No claim shall be admissible or allowed by the court by or in behalf of any insurance company or insurer, either in its or his own right, or as assignee or otherwise in the right of a person or party insured, unless such claimant shall show to the satisfaction of said court that during the late rebellion the sum of its or his losses in respect to its or his war risks exceeded the sum of its or his premiums or other gains upon or in respect to such war risks; and in case of any such allowance, the same shall not be greater than such excess of loss." Such a provision as the above seems so singular in itself as to require explanation. If insurance companies or insurance have a legal or equitable claim to a share of the fund paid under the award at Geneva, it is difficult to see how that right would be lost by its profits or losses in its general business operations in that class of cases. No one could successfully contest the claim of a merchant or a hotel-keeper merely on the ground that in his general business outside of the transactions with him he had realized profits. Still less likely would an attorney, who had collected a sum of money for a banking corporation, be justified in withholding the money from his client for the reason that it had made profits in its general business within the past four years. If, on the other hand, the Government of the United States should be the rightful owner, in every sense, of the sum of money awarded at Geneva, it might undoubtedly bestow such sums as it might think proper on corporations or individuals. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
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