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courtdress

Owner: Miles Rose
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Language: English
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... According to the learned Augustin Thierry, corporations, like civic communities, were engrafted on previously existing guilds, such as on the colleges or corporations of workmen, which were of Roman origin. In the _guild_, which signifies a banquet at common expense, there was a mutual assurance against misfortunes and injuries of all sorts, such as fire and shipwreck, and also against all lawsuits incurred for offences and crimes, even though they were proved against the accused. Each of these associations was placed under the patronage of a god or of a hero, and had its compulsory statutes; each had its chief or president chosen from among the members, and a common treasury supplied by annual contributions....

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