Cases on the conflict of laws : selected from decisions of English and American courts . fff^%^c*U^. 506 PARTICULAR SUBJECTS. (Part 2 It declares that the liability of the owner of any vessel for any em-bezzlement, loss, or destruction, by any person, of any property, goods,or merchandise, shipped or put on board of such vessel, or for anyloss, damage, or injury by collision, any act, matter, or thing,loss, damage, or forfeiture, done, occasioned, or incurred, without theprivity or knowledge of such owner or owners, shall in no case exceedthe amount or value of the interest of such owne
Cases on the conflict of laws : selected from decisions of English and American courts . fff^%^c*U^. 506 PARTICULAR SUBJECTS. (Part 2 It declares that the liability of the owner of any vessel for any em-bezzlement, loss, or destruction, by any person, of any property, goods,or merchandise, shipped or put on board of such vessel, or for anyloss, damage, or injury by collision, any act, matter, or thing,loss, damage, or forfeiture, done, occasioned, or incurred, without theprivity or knowledge of such owner or owners, shall in no case exceedthe amount or value of the interest of such owner in such vessel, andher freight then pending. This statute declares the rule which thelaw-making power of this country regards as most just to be applied inmaritime cases. The 2:T^^^C ^Hfle by land is governed_t)ysubstantially the same principle; being in the hands of corporate as_-qnriatinns^ wTin^p^ernbers_are not personally_liable for acts of the em^ployes,J>ut risk only t1-ie_arnrninf- of _ their capital stockJn_the corpora-tion. The doctrine of respondeat superior, it is true, appl
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