Return to Amsterdam of the Second Expedition to the East Indies, by Hendrik Cornelisz Vroom, 1599. Rijksmuseum.

Trade

Volume XII, Number 2 | spring 2019

Miscellany

Corporations, wrote Edward Coke in a 1613 legal decision, “have no souls,” for they are “invisible, immortal, and resteth only in intendment and consideration of the law.” A corporate body, Coke argued, can’t “do fealty, for an invisible body cannot be in person, nor can swear.”

Don’t try to make a profit on a bad trade; just try to find the best place to get out.

—Linda Bradford Raschke, 1992