Partnership

“ The connection, with its consequences, is somewhat similar to a partnership in commercial life. If partners pull together, and are sympathetic, nothing can be more delightful than such an arrangement. The tie of business clenches the tie of social attraction. ”

“ A business partnership, balanced as the authorities of its members may theoretically be, practically becomes a union in which the authority of one partner is tacitly recognized as greater than that of the other or others. ”

“ THE POWERS OF A PARTNER.—As a general agent, a partner has almost unlimited authority to bind the firm. Because of this, we have here one reason for not recommending the partnership form of doing business unless all the members of the firm have the utmost confidence in each other. These powers of the partners are so general that it is impossible for us to go into them in any detail. ”

“ The partnership had united the interests of a very few men, simplifying the problem by starting with members of the same family, who were naturally bound together. The relation of merchant and factor was another move in the right direction, as it united in loyal support of each other two men separated by considerable distance, and with no other common interest than that of their business. ”

“ It is a partnership in all science; a partnership in all art; a partnership in every virtue, and in all perfection. ”

“ FOR WHAT PURPOSES MAY A PARTNERSHIP BE CREATED.—A partnership may be created to carry on any lawful business, and whatever the individuals may do lawfully as such, two or more may do together in a group as a partnership. ”

“ II. Relations of Partners to Persons dealing with them.—Every partner is an agent of the firm and of his co-partners for the purpose of the partnership business; if a partner does an act for carrying on the partnership business in the usual way in which businesses of a like kind are carried on — in other words, if he acts within his apparent authority — he thereby prima facie binds his firm. The partners may by agreement between themselves restrict the power of any of their number to bind the firm. ”

“ The theory of partnership implies an actual interest in and an actual control over all the divisions of an industry; and, while this does not imply that direction and leadership and the powers of discipline will not still be vested in individuals, these individuals will owe their position not to any antecedent privilege but to the will and consent of the workers as a whole. ”

“ Although some of the writers on the law of partnership state that no satisfactory definition of the term partnership can be given, the Uniform Act defines it as follows: "A partnership is an association of two or more persons to carry on as co-owners a business for profit." It is undoubtedly true that even with this definition, a considerable amount of further explanation will be necessary to determine with any degree of certainty, just what is meant by partnership. ”

“ A business partnership's not a thing to go into with your eyes shut, and if we had any reason for distrusting one another, it would be better to make inquiries. But so far as that goes, it appears to me that we've got facts to go on, which would make any partnership succeed. ”

“ The most frequent case of voluntary association, next to marriage, is partnership in business: and it is not found or thought necessary to enact that in every partnership, one partner shall have entire control over the concern, and the others shall be bound to obey his orders. ”

“ What we want is a system which will safeguard the consumer, and also provide the worker with a natural, self-compelling inducement to help the industry with which he is connected. That system is provided by co-partnership. ”

“ Partnership is usually defined to be a voluntary contract between two or more competent persons, to place their money, effects, labor, and skill, or some one or all of them, in lawful commerce or business, with the understanding that there shall be a communion of the profits thereof between them. ”

“ The element agency becomes quite conspicuous here, for each partner is an agent of the partnership and invested with plenary power to bind the other partners by his acts, when within the business sphere of the firm. ”

“ In a partnership the action of one partner with some exceptions, binds the whole partnership, so that rather than have several members to a partnership it is better to form a corporation. A partnership may borrow money and mortgage its property just the same as an individual. ”

“ The partner who places his own short-range ambitions ahead of the long-range interests of the partnership has embarked on a course which will ultimately result in the dissolution of the partnership itself. ”

“ As the governments in the present case have made their appeals to labor they have carried the suggestion of partnership in responsibility because the government is presumably the people's voice and its needs also presumably are the common needs and not the special interests of individuals. ”

“ If two men enter into partnership, say in the banking business, or in mercantile business or manufacturing, it is very seldom that they agree a great while. Their minds will run in different channels with regard to business matters, and one will not be trammeled with the ideas of the other, so each resolves to take his own course. ”

“ In France, America, and many other countries, there is a system of partnership, with limited responsibility, known by the name of 'Partnership in Commandite.' Even with us, limited responsibility is by no means unknown. ”

“ As an illustration of a co-partnership industry which divides its surplus profits between labor and capital alone, let me refer to the Walsall Padlock Society, one of the 114 workmen productive societies which may be regarded as so many different schools of co-partnership under exclusive trade unionist management. ”

“ The citizens of a State, the members of a society, are really "'a partnership,' as Burke nobly says, 'in all science, in all art, in every virtue, in all perfection.' Towards this great final design of their connexion, they apply the aidsPg 118 which co-operative association can give them." ”

“ You've got to get some diversion, or you'll go all to pieces. And you say it takes competition to get you excited. A stake. All right. Listen to me. In 1915, when I put you in to run the company, the partnership agreement was that you'd be the managing partner, but I'd be the directing partner wasn't it? ”

“ When we are in partnership and have stopped clutching each other’s throats, when we have stopped enslaving each other, we will stand together, hands clasped, and be friends. We will be comrades, we will be brothers, and we will begin the march to the grandest civilization the human race has ever known. ”

“ Most of the world's business is done by companies, or partnerships, or associated endeavor of some kind. And the closer the intimacy between the men so engaged, the intimacy of common desires and common purposes, and mutual respect and confidence, and, if possible, friendship, the better chance there is for success. ”

“ It is a far higher and a spiritual counterpart85 of a successful business partnership, where each member trusts the other to manage a different part of the affair. All this mental economy and help would be impossible without permanence. ”

“ No partner may be introduced into the firm without the consent of all the partners. The partnership books must be kept at the principal place of business, and every partner may inspect and copy them. Partners must render to each other true accounts and full information of all things afTecting the partnership. A partner may not make use of anything belonging to his firm for his private purposes, nor may he compete with it in business. If he does so he must account to his firm for any profit he may make. ”

“ There may be cases, indeed, which may have their exceptions to this general head of advice; partnerships may sometimes prove successful, and in some particular business they are more necessary than in others, and in some they tell us that they are absolutely necessary, though the last I can by no means grant ”

“ The Contracting Parties, recognising the importance of their relations in the economic, trade and commercial fields, shall co-operate in strengthening and developing those relations on the basis of mutual benefit and trust. ”

“ Co-operation.—The control of the manufacturing industry on a large scale by corporations makes hearty co-operation between the employing group and the employees difficult, but on the farm the personal relations of the persons engaged made it easy and natural. The art of working together as well as living together was an achievement of the home, at first beginning unconsciously, but later with a definite purpose. The practice of co-operation is a continual object-lesson to the children, as they become conscious of the mutual dependence of each and all. ”

“ The Contracting Parties shall endeavour to facilitate, strengthen and diversify mutual understanding and co-operation in such areas of mutual interest as the political, economic, labour relations, human rights, legal, scientific, technological, social, cultural, professional, sporting and environmental fields. ”

“ The merchant and the mechanic, the wise lawyer and the skilled physician, the farmer, the miner, and the trained teacher, engaged in peaceful, useful industry, are vastly more competent to see things as [Pg 209] they are and to aid in shaping a wholesome public sentiment. International relationships are being formed today as never before in the history of the race through community of interest in trade and by those associations which come through labor organizations and through literature, through the work of education and by religious affiliation. ”

“ They are recognizing the fact that, not competition, but co-operation, reciprocity, is the great, the true power,—to climb, not by attempting to drag, to keep down one's fellows, but by aiding them, and being in turn aided by them, thus combining, and so multiplying the power of all instead of wasting a large part one against the other. ”

“ In the relations between employer and employee, for instance, profit sharing is the most practical form of realizing this community of interest. Such action involves a co-operation of interests as the motives of the individual act. ”

“ But the irate sheikh and the lacrymose poet are gently reminded by the modern editor, who in most cases is in aladinist, a free-thinker, that the times have changed, that the Prophet himself has said, Every Age hath its Book, and that the fabulous wealth and prosperity of America, for instance, are the natural outcome of co-operation.—They are the fruits of organized industry, O my Brothers,—they are the legitimate offspring of the Trust. Let us, therefore, co-operate like the Americans: let us organize the Trust. ”

“ I have been taught that the marriage alliance should be held sacred as a body corporate united in its parts for communion with self.”
Isolita. “If we consult our mutual advantage, it is not from extending injury but help to others, and 472with the flow of recurrent reciprocation, we in turn are filled to overflowing with grateful emotions of joy. We certainly should not disdain good instruction from any source, which offers experienced advantage for aiding our endeavors in perfecting the attainment of a happy union. ”

“ But in actual life it is oftener the latter that is prominent in our relations with our fellow-men. We—the category of co-operation—is at least as fundamental in all human thought and language as I and thou, the categories of mutual exclusion. That you and I are mutually complementary factors in a wider whole of common interests, is at least as early a discovery of mankind as that our private interests and standpoints collide. ”

“ In many of our business relations one with another, there does not exist that spirit of union and brotherly interest which should be maintained. We need to take a course that will enable us to acquire it, and this spirit should prevail throughout all our settlements. ”

“ A vast of talk there is of all the country round; every strange circumstance; every incident and change of condition, and new alliance amongst their mutual friends and acquaintances, pass under review. ”

“ Out of this close association of men in industry have grown our national and international business corporations and our national and international labor unions. These corporations and unions are transforming local and provincial relations into cosmopolitan acquaintanceship. The recognized value of the acquaintance is in the extension of knowledge of people through their use and wont of material things, of the ways and means of life outside limited and personal areas. ”

“ Their employments were different, that they might trade and exchange with one another, as there was occasion. The members of the body politic have need one of another; and mutual love is helped by mutual commerce. ”

“ Gentlemen, I hope for you the effectiveness of a great and permanent organization, and that you may advance the time when through more perfect knowledge, through broader sympathies and a better understanding, ties of commerce may bind together all our countries, advance our wealth and prosperity and well-being with equal step as they advance the wealth and prosperity and well-being of all those with whom we deal, and increase the tie of that perfect understanding of other peoples which is the condition of unbroken and permanent peace. ”

“ To coöperate as agent for each one of the Governments of the Union for the transaction of any business, the taking of any initiative, or the execution of any act conducive to further the ends of the present Convention with the offices of the other Governments. ”

“ For the great conventions are, as their name grammatically implies, simply the great agreements, and agreement is essential to all art, and to all ceremony, and, indeed, to everything, except mere rowdy competition and free fights. ”