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PREFACE.

I have no apology to offer for the existence of this little book. The great and growing importance of the subject; the cursory and insufficient treatment which it has necessarily received in general works on private corporations; and the difficulty and obscurity of some of the questions to be examined, seemed to me abundant justification of an attempt to separately discuss the rights, powers and liabilities of foreign corporations, whether arising under the doctrine of comity of States, or as influenced and controlled by local legislation, designed to regulate the transactions and restrict the powers of such bodies. I am not, however, without misgivings as to the degree of success which I have attained in the execution of my undertaking. I am painfully conscious of shortcomings and deficiencies. Doubtless, others will be discovered by the diligence of the reader. Yet I hope that, with all its defects, this little work may prove to be useful to the profession.

WILLIAM L. MURFREE, JR.

St. Louis, June, 1893.

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