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FEDERAL STATUTES ANNOTATED SECOND EDITION UP TO DATE, BOTH AS TO LAWS AND ANNOTATIONS In this set the statutes are arranged under heads which lawyers are now accustomed to consult in finding their law. In convenience, quick reference, and intelligent comprehension of a subject, the alphabetical arrangement as found in Federal Statutes Annotated is vastly superior to any other. Hundreds of cross-reference titles appear throughout the work, and in the General Index volume are tables of laws by section numbers and by popular names. The annotations are the work of experts of years of experience in the compilation of the first edition. They are not written in the digest paragraph style, but abound in quotations from the opinions of the Courts-in statements of the purpose and scope of the statute-in the reasons for or against certain views—in explanations and other invaluable features. 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Each reported case is annotated by an editorial note, in the nature of a brief reviewing, quoting and citing all cases on the main issue decided in the reported case. The best precedents in point and briefs on narrow points-the final result of all the lawyers' labor-are here instantly accessible. The paramount importance of the recent cases is self-evident. They provide the best precedents on the old points of law and the only authority on the new. In them only may be found judicial interpretations of modern legislation which is moulding anew a great compass of the law. Bancroft-Whitney Company SAN FRANCISCO Please send me sample pages of A. L. R. Name Address. The cases in each current volume of AMERICAN LAW REPORTS provide later law on the points considered than may be found in general reference books which were published long before these cases were decided. Likewise the A. L. R. annotations are usually the latest and often the only editorial expression of the law on the points briefed therein. Hence the indispensability of A. L. R. as a supplement to your other books. The price is $7.50 a volume, delivered. Bancroft-Whitney Company San Francisco Los Angeles 134 N. Broadway Memphis, Tenn. Randolph Building R VOL. XXVI.] Entered at the Post-Office at Northport, N. Y., as second-class matter. Copyright, 1922, by Edward Thompson Co. It is said that under the law of Louisiana, as it stood prior to the enactment of the Uniform Warehouse Receipts Act, the Commercial Bank would not have taken title as against the CanalLouisiana Bank (Stern Bros. v. Germania- National Bank, 34 La. Ann. 1119; Lallande v. His Creditors, 42 La. Ann. 705; Holton v. Hubbard, 49 La. Ann. 715; Insurance Co. v. Kiger, 103 U. S. 352; but see Hardie v. Vicksburg S. & P. Ry., supra); and it is urged that the new statute is but a step in the development of the law and that decisions under the former state statutes are safe guides to its construction. We do not find it necessary to review these decisions. It is apparent that if these Uniform Acts are construed in the several States adopting them according to former local views upon analogous subjects, we shall miss the desired uniformity and we shall erect upon the foundation of uniform language separate legal structures as distinct as were the former varying laws. It was to prevent this result that the Uniform Warehouse Receipts Act expressly provides (§ 57): "This act shall be so interpreted and construed as to effectuate its general purpose to make uniform the law of those States which enact it." This rule of construction requires that in order to accomplish the beneficent object of unifying, so far as this is possible under our dual system, the commercial law of the country, there should be taken into consideration the fundamental purpose of the Uniform Act and that it should not be regarded merely as an offshoot of local law. The cardinal principle of the Act-which has been adopted in many States-is to give effect, within the limits stated, to the mercantile view of documents of title. There had been statutes in some of the States dealing with such documents, but there still remained diversity of legal rights under similar commercial transactions. We think that the principle of the Uniform Act should have recognition to the exclusion of any inconsistent doctrine which may have previously obtained in any of the States enacting it; and, in this view, we deem it to be clear that in the circumstances disclosed the Commercial Bank took title to the warehouse receipts and to the cotton in question. [No. Issued Monthly (See next page) |