The right of a private company to make prizes was hotly contested in Holland, and denied by the stricter religionists, especially the Mennonites, who considered all war unlawful.
A gas company, first incorporated in 1837, supplies the city as well as Llandaff and Penarth with gas, but the corporation also supplies electric power both for lighting and working the tramways, which were purchased from a private company in 1898.
The subway was built by the city, but leased and operated by a private company on such terms as to repay its cost in forty years.
The complications to which the pressure of foreign nations, and especially of France, on the frontiers of the territories gave rise, became at this period so acute that the resources of a private company were manifestly inadequate to meet the possible necessities of the to position, Relations with.
A state system will be compelled, by the exigencies of the public treasury, to arrange its rates to pay interest on its securities; a private company will generally be prevented, by the indirect competition of railways in other parts of the country which it serves, from doing very much more than this.