Maritime Transport in Foreign Trade Operations

The space of time in which a great work can now be accomplished is not marvellous. Brain, muscle, materials, and the means of rapid transport are instantly at command. If one has capital and a well-considered plan, the thing does itself. But that which is wonderful and which I can scarcely believe, although I have been in the midst of it, is the noble, artistic result which has come from the work of American artists who have had only a few months' time to prepare those very designs for the great buildings of the Exposition which have actually been executed with little change from the sketches which were presented in February, 1891.

A trader is trusted upon his character and visible commerce: that credit enables him to acquire wealth. If by secret liens a few might swallow up all, it would greatly damp that credit.

I have always thought it highly injurious to the public that different rules should prevail in the different Courts on the same mercantile case. My opinion has been uniform on that subject. It sometimes indeed happens that in questions of real property Courts of law find themselves fettered with rules, from which they cannot depart, because they are fixed and established rules1; though equity may interpose, not to contradict, but to correct, the strict and rigid rules of law. But in mercantile questions no distinction ought to prevail. The mercantile law of this country is founded on principles of equity; and when once a rule is established in that Court as a rule of property, it ought to be adopted in a Court of law. For this reason Courts of law of late years have said that, even where the action is founded on a tort, they would discover some mode of defeating the plaintiff, unless his action were also founded on equity; and that though the property might on legal grounds be with the plaintiff, if there were any claim or charge by the defendant, they would not consider the retaining of the goods as a conversion.