Charles Evans Hughes, American Car Foundry Company v…
“ What, then, is the liability which petitioner seeks to limit? It is manifestly not a liability imputed to petitioner as shipowner. With respect to respondent, the mere fact that petitioner retained the legal title to the vessel, in order to secure the payment of the remainder of the price, neither created liability for the injury alleged to have been sustained on account of the explosion nor conferred immunity. If such liability existed, it arose, not because petitioner reserved title, while delivering possession and control of use, but because it was manufacturer and vendor. ”
