The following is given as a little from advantages which corporations and joint-stock companies on

The union of the capital without active military service of investors
The following is given as a little from advantages which corporations and joint-stock companies on associations are required:
The union of the capital without active military service of investors.
The best services to borrow. It is the general thing for association which will be changed to the joint-stock company in the special purpose to lift money by a problem of bonds or a stock.
The limited agency of directors. The partner can promise and sell the association property, can buy the goods because of association, can borrow money and contract debts on the name and on the association account. Directors of joint-stock company should operate according to conditions of decisions of bodies of local authorities of the company.
Continuous existence of the company.
New shareholders suppose easier than new partners.
The retiring partner is still responsible for existing debts. The shareholder can leave absolutely, selling its stock and having it is legally transferred.
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IV. LOAN AND THE LOAN OF MONEY [10]
THE MONETARY MARKET