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The practice of creating chartered joint-stock companies of a modern type seems to have begun at the commencement of the seventeenth century; and the… - Edward Jenks
" "The practice of creating chartered joint-stock companies of a modern type seems to have begun at the commencement of the seventeenth century; and the formation of the East India Company is one of the earliest, if not the very earliest, examples. At first, it appears, the 'joint stock' of the company was separately made up for each ship; perhaps for each voyage. But, in the year 1612 the Company made the momentous resolve to have one joint stock for the whole of its affairs, and thus inaugurated a new epoch. The East India Company, or Companies, (for there were two of them), were followed by the Hudson's Bay Company (1670), the existence of which was recognized by statute in 1707, and by the Bank of England and the notorious South Sea Company.
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About Edward Jenks
Edward Jenks (20 February 1861 - 10 November 1939) was a jurist and noted writer on law and its place in history. He was a brilliant law student at King's College and was placed first in the law tripos of 1886. He was called to the bar in 1887. Jenks was a Fellow of the British Academy. He was a founder of the Society of Public Teachers of Law and its secretary 1909 - 1917.
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A History of Politics
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Thus the period we are studying is remarkable for achieving, not merely the right of free alienation of land, but also the right of alienation by secret conveyance. The latter achievement we may sometimes regret; but it was, probably, necessary for the complete emancipation of land from its its ancient tribal and feudal bonds.
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