4One of the most important literary contribution a Harvard man has made of late years so a treatise just issued on the "Law of Private Corporations" having capital stock, by Henry O. Taylor, '78. The object of this treatise is to give an accurate statement of the law regulating business enterprises which are prosecuted through the instrumentality of corporate organization; to define the rights and liabilities of the different classes of persons interested; and to treat of those rights and liabilities according to the manner in which they come before the courts for determination. To accomplish this the writer, having briefly noticed the views regarding corporations held in the Roman and in the older common law, submits in the third and fourth chapters an analysis of the notion of a corporation, with some remarks on the resemblances between corporations and certain other legal institutions. There follows, in the fifth and six chapters, a discussion of the rights and liabilities arising through the promotion and formation of a corporation. These chapters are succeeded by a detailed discussion of corporate powers, and the legal effect of acts done by or on behalf of a corporation in occasioning legal relations between it and outsiders. The subsequent portion of the work treats of the rights and liabilities of the persons having interests in the corporate enterprise; treats, that is to say, of the legal relations subsisting with respect to it.