Capital
Bouvier's Law Dictionary and Concise Encyclopedia · John Bouvier; revised by Francis Rawle · 1914
Bouvier's Law Dictionary and Concise Encyclopedia
The sum of money which a merchant, banker, or trader adventures in any undertaking, or which he contributes to the common stock of a partnership, and also the fund of a trading company.
Me- Culloch
Capital signifies the actual estate, whether in money or property, owned by an individual or corporation; People v. Com'rs of Taxes, 23 N. Y. 192; it is the fund upon which it transacts its business, which would be liable to its creditors, and in case of insolvency pass to a receiver; International Life Assur. Soc. of London v. Com'rs of Taxes, 28 Barb. (N. Y.) 318; it does not include money borrowed temporarily; Bailey v. Clark, 21 Wall. (U. S.) 281.
22 L. i: See, also, Mechanics' & Farmers' Bank v. Townsend, 5 Blatchf. 315, Fed. Cas. X".
9,381; People v. Sup'rs, IS Wend. (N. Y.) 605. Profits of a corporation are not appropriated to its capital because it has incurred a debt nearly equal to such profits in permanent improvements; Davis v. Jackson.
152 Mass. 58, 25 N. E. 21. 23 Am. St. See Dividends; Income; Moneyed Capital.
As to what is moneyed capital in a fi act respecting state taxation of national hank stock, see Mercantile Bank v. New York, 121 U. S. 157, 7 Sup. Ct. 826, 30 L. Ed. 895; First Nat. Bank v. Chapman.
173 U. S. 214, 19 Sup. Ct 407, 43 L. Ed. 669.