Misplaced Pages

#420579

95-622: The Lubin Manufacturing Company was formed in 1902 and incorporated in 1909 in Philadelphia, Pennsylvania by Siegmund Lubin . The company was the offspring of Lubin's film equipment and film distribution and production business, which began in 1896. Siegmund Lubin, a Jewish immigrant from Poland , was originally an optical and photography expert in Philadelphia but became intrigued with Thomas Edison's motion picture camera and saw

190-430: A profit . Depending on the number of owners, a corporation can be classified as aggregate (the subject of this article) or sole (a legal entity consisting of a single incorporated office occupied by a single natural person ). Registered corporations have legal personality recognized by local authorities and their shares are owned by shareholders whose liability is generally limited to their investment. One of

285-483: A separate legal person was mainly administrative, as a unified entity under which the rights and duties of all investors and managers could be channeled. However, there was still no limited liability and company members could still be held responsible for unlimited losses by the company. The next, crucial development, then, was the Limited Liability Act 1855 , passed at the behest of the then Vice President of

380-568: A 350-acre (1.4 km) estate in Betzwood , in what was then rural countryside in the northwest outskirts of Philadelphia and converted the property into a studio and film lot. That November Lubin Company field representative T. D. Cochrane visited Birmingham, Alabama as the guest of a local real estate executive and film exhibitor. After two days visiting sites he wired approval for a production team to immediately depart for Alabama to film cowboy movies at

475-637: A cabaret and vaudeville singer at night and at the Lubin Manufacturing Company during the day. It was at this time that he met Madelyn Saloshin, a pianist, whom he married on November 17, 1913, in Macon, Georgia . The next year, he made his first movie, Outwitting Dad (1914), for the Lubin studio, billed as O. N. Hardy. In his personal life, he was known as "Babe" Hardy and was billed as "Babe Hardy" in many of his later films at Lubin, such as Back to

570-499: A charity production of the play What Price Glory? while Laurel began treatment for his diabetes a few years previously. He was initially hesitant, but he accepted the role at Laurel's insistence. Frank Capra invited him to play a cameo role in Riding High with Bing Crosby in 1950. During 1950–1951, Laurel and Hardy made their final film Atoll K (also known as Utopia ). It was a simple concept; Laurel inherits an island, and

665-400: A charter granted by the government. As explained above, such charters were often enacted as private bills . Today, a corporation is formed, or incorporated , by registering with the state, province, or national government and regulated by the laws enacted by that government. Registration is the main prerequisite to the corporation's assumption of limited liability. The law sometimes requires

760-489: A contractual issue to be resolved between Laurel and Hal Roach. Eventually, however, new contracts were agreed upon and the team was lent to producer Boris Morros at General Service Studios to make The Flying Deuces (1939). While on the lot, Hardy fell in love with Virginia Lucille Jones, a script girl whom he married the next year. They enjoyed a happy marriage for the rest of his life. In 1939, Laurel and Hardy made A Chump at Oxford and Saps at Sea before leaving

855-484: A corporation are typically controlled by individuals appointed by the members. In some cases, this will be a single individual but more commonly corporations are controlled by a committee or by committees. Broadly speaking, there are two kinds of committee structure. In countries with co-determination (such as in Germany ), workers elect a fixed fraction of the corporation's board. Historically, corporations were created by

950-436: A corporation as: a collection of many individuals united into one body, under a special denomination, having perpetual succession under an artificial form, and vested, by the policy of the law, with the capacity of acting, in several respects, as an individual, particularly of taking and granting property, of contracting obligations, and of suing and being sued, of enjoying privileges and immunities in common, and of exercising

1045-439: A corporation; shareholders instead elect or appoint a board of directors to control the corporation in a fiduciary capacity. In most circumstances, a shareholder may also serve as a director or officer of a corporation. Countries with co-determination employ the practice of workers of an enterprise having the right to vote for representatives on the board of directors in a company. The word "corporation" derives from corpus ,

SECTION 10

#1732851247421

1140-424: A distinct name. Historically, some corporations were named after the members of their boards of directors: for example, the " President and Fellows of Harvard College " is the name of one of the two governing boards of Harvard University , but it is also the exact name under which Harvard was legally incorporated. Nowadays, corporations in most jurisdictions have a distinct name that does not need to make reference to

1235-550: A film distribution partnership, with Vitagraph Studios , Selig Polyscope Company , and Essanay Studios , known as V-L-S-E, Incorporated . However, the decline of the Lubin operations continued and the United States Supreme Court rulings against the monopoly of the Motion Picture Patents Company spelled the end of Lubin's business. After making more than a thousand motion pictures the corporation

1330-487: A game. As a teenager, Hardy began styling himself "Oliver Norvell Hardy", adding the first name "Oliver" as a tribute to his father. He appeared as "Oliver N. Hardy" in the 1910 U.S. census , and he used "Oliver" as his first name in all subsequent legal records, marriage announcements, etc. Hardy was initiated into Freemasonry at Solomon Lodge No. 20 in Jacksonville, Florida which helped him with room and board when he

1425-523: A legal context) and recognized as such in law for certain purposes. Early incorporated entities were established by charter (i.e., by an ad hoc act granted by a monarch or passed by a parliament or legislature). Most jurisdictions now allow the creation of new corporations through registration . Corporations come in many different types but are usually divided by the law of the jurisdiction where they are chartered based on two aspects: whether they can issue stock , or whether they are formed to make

1520-523: A partnership arose. Early guilds and livery companies were also often involved in the regulation of competition between traders. Dutch and English chartered companies, such as the Dutch East India Company (also known by its Dutch initials: VOC) and the Hudson's Bay Company , were created to lead the colonial ventures of European nations in the 17th century. Acting under a charter sanctioned by

1615-546: A partnership or some other form of collective ownership (in the United States it can be used by a sole proprietorship but this is not generally the case elsewhere). Despite not being human beings, corporations have been ruled legal persons in a few countries, and have many of the same rights as natural persons do. For example, a corporation can own property, and can sue or be sued for as long as it exists. Corporations can exercise human rights against real individuals and

1710-470: A private act to allow an individual to represent the whole in legal proceedings, this was a narrow and necessarily costly expedient, allowed only to established companies. Then, in 1843, William Gladstone became the chairman of a Parliamentary Committee on Joint Stock Companies, which led to the Joint Stock Companies Act 1844 , regarded as the first modern piece of company law. The Act created

1805-466: A proliferation of laws allowing for the creation of corporations by registration across the world, which helped to drive economic booms in many countries before and after World War I. Another major post World War I shift was toward the development of conglomerates , in which large corporations purchased smaller corporations to expand their industrial base. Starting in the 1980s, many countries with large state-owned corporations moved toward privatization ,

1900-677: A rate of about six per month. The company set up at the Bluff Park Hotel on the ridge of Shades Mountain south of the city, and constructed a stage. By the end of December, however, they had abandoned the project and the premises and stage were taken over by a troupe from the Kalem Company of New York led by director J. P. McGowan . That same year, director and actor Romaine Fielding traveled out to Prescott, Arizona with cast and crew and set up offices at 712 Western Avenue and an outdoor stage for shooting interiors behind Mercy Hospital (now

1995-456: A share in a retail business and was elected full-time Tax Collector for Columbia County, Georgia . Hardy's mother, Emily Norvell, was the daughter of Thomas Benjamin Norvell, who was descended from Hugh Norvell of Williamsburg, Virginia , and Mary Freeman. The elder Hardy and Norvell married March 12, 1890; it was her second marriage and his third. The family moved to Madison, Georgia , in 1891,

SECTION 20

#1732851247421

2090-513: A theatrical group and later ran away from a boarding school near Atlanta to sing with the group. His mother recognized his talent for singing and sent him to Atlanta to study music and voice with singing teacher Adolf Dahm-Petersen . He skipped some of his lessons to sing in the Alcazar Theater for $ 3.50 a week. In 1912, he signed up for a course or two at University of Georgia as a law major for fall semester just to play football. He never missed

2185-958: A variety of political rights, more or less extensive, according to the design of its institution, or the powers conferred upon it, either at the time of its creation or at any subsequent period of its existence. Due to the late 18th century abandonment of mercantilist economic theory and the rise of classical liberalism and laissez-faire economic theory due to a revolution in economics led by Adam Smith and other economists, corporations transitioned from being government or guild affiliated entities to being public and private economic entities free of governmental directions. Smith wrote in his 1776 work The Wealth of Nations that mass corporate activity could not match private entrepreneurship, because people in charge of others' money would not exercise as much care as they would with their own. The British Bubble Act 1720s prohibition on establishing companies remained in force until its repeal in 1825. By this point,

2280-473: Is authorized to issue, and the names and addresses of directors. Once the articles are approved, the corporation's directors meet to create bylaws that govern the internal functions of the corporation, such as meeting procedures and officer positions. In theory, a corporation cannot own its own stock. An exception is treasury stock , where the company essentially buys back stock from its shareholders, which reduces its outstanding shares. This essentially becomes

2375-447: Is limited: one can only collect from whatever assets the entity still controls when one obtains a judgment against it. Corporate names are supposed to be unique to the jurisdiction in which the corporation is registered. Governments will not allow another corporation or any other kind of legal entity to register a name that is too similar to the name of an existing corporation. However, since "different states may register entities with

2470-407: Is usually required to register with other governments as a foreign corporation and must formally appoint a registered agent to accept service of process within such other jurisdictions. A foreign corporation is almost always subject to the laws of its host state pertaining to external affairs such as employment , crimes , contracts , civil actions , and the like. Corporations generally have

2565-698: The Industrial Revolution had gathered pace, pressing for legal change to facilitate business activity. The repeal was the beginning of a gradual lifting on restrictions, though business ventures (such as those chronicled by Charles Dickens in Martin Chuzzlewit ) under primitive companies legislation were often scams. Without cohesive regulation, proverbial operations like the "Anglo-Bengalee Disinterested Loan and Life Assurance Company" were undercapitalized ventures promising no hope of success except for richly paid promoters. The process of incorporation

2660-604: The Latin word for body, or a "body of people". By the time of Justinian (reigned 527–565), Roman law recognized a range of corporate entities under the names Universitas , corpus or collegium . Following the passage of the Lex Julia during the reign of Julius Caesar as Consul and Dictator of the Roman Republic (49–44 BC), and their reaffirmation during the reign of Caesar Augustus as Princeps senatus and Imperator of

2755-556: The Pathé , Casino and Edison Studios . He returned to Jacksonville, where he made films for the Vim Comedy Company . That studio closed after Hardy discovered that the owners were stealing from the payroll. He then worked for the King Bee studio, which bought Vim, and worked with Billy Ruge , Billy West (a Charlie Chaplin imitator), and comedic actress Ethel Burton. He continued playing

2850-452: The Registrar of Joint Stock Companies , empowered to register companies by a two-stage process. The first, provisional, stage cost £5 and did not confer corporate status, which arose after completing the second stage for another £5. For the first time in history, it was possible for ordinary people through a simple registration procedure to incorporate. The advantage of establishing a company as

2945-829: The Roman Army (27 BC–14 AD), collegia required the approval of the Roman Senate or the Emperor in order to be authorized as legal bodies . These included the state itself (the Populus Romanus ), municipalities, and such private associations as sponsors of a religious cult , burial clubs , political groups, and guilds of craftsmen or traders. Such bodies commonly had the right to own property and make contracts, to receive gifts and legacies, to sue and be sued, and, in general, to perform legal acts through representatives. Private associations were granted designated privileges and liberties by

Lubin Manufacturing Company - Misplaced Pages Continue

3040-700: The War of the Spanish Succession , which gave Great Britain an asiento to trade in the region for thirty years. In fact, the Spanish remained hostile and let only one ship a year enter. Unaware of the problems, investors in Britain, enticed by extravagant promises of profit from company promoters bought thousands of shares. By 1717, the South Sea Company was so wealthy (still having done no real business) that it assumed

3135-551: The public debt of the British government. This accelerated the inflation of the share price further, as did the Bubble Act 1720 , which (possibly with the motive of protecting the South Sea Company from competition) prohibited the establishment of any companies without a royal charter. The share price rose so rapidly that people began buying shares merely in order to sell them at a higher price, which in turn led to higher share prices. This

3230-483: The "heavy" for Larry Semon . In 1919, he separated from his wife, ending with a provisional divorce in November 1920 that was finalized on November 17, 1921. On November 24, 1921, he married actress Myrtle Reeves. This marriage was also unhappy, and Reeves was said to have become an alcoholic. In 1921, he appeared in the movie The Lucky Dog , produced by Broncho Billy Anderson and starring Stan Laurel . Hardy played

3325-643: The Board of Trade, Robert Lowe . This allowed investors to limit their liability in the event of business failure to the amount they invested in the company – shareholders were still liable directly to creditors , but just for the unpaid portion of their shares . (The principle that shareholders are liable to the corporation had been introduced in the Joint Stock Companies Act 1844). The 1855 Act allowed limited liability to companies of more than 25 members (shareholders). Insurance companies were excluded from

3420-683: The Dutch government, the Dutch East India Company defeated Portuguese forces and established itself in the Moluccan Islands in order to profit from the European demand for spices . Investors in the VOC were issued paper certificates as proof of share ownership, and were able to trade their shares on the original Amsterdam Stock Exchange . Shareholders were also explicitly granted limited liability in

3515-674: The English East India Company would come to symbolize the dazzlingly rich potential of the corporation, as well as new methods of business that could be both brutal and exploitative. On 31 December 1600, Queen Elizabeth I granted the company a 15-year monopoly on trade to and from the East Indies and Africa . By 1711, shareholders in the East India Company were earning a return on their investment of almost 150 per cent. Subsequent stock offerings demonstrated just how lucrative

3610-455: The Farm (1914). He was a big man, standing 6 feet 1 inch (1.85 m) and weighing up to 300 pounds ( c.  136 kg), and his size placed limits on the roles that he could play. He was most often cast as the villain, but he also had roles in comedy shorts, his size complementing the character. By 1915, Hardy had made 50 short one-reel films at Lubin. He moved to New York and made films for

3705-504: The Lubin Manufacturing Company, like most of the other major film studios, had a running legal battle with Thomas Edison that saw repeated lawsuits brought against Lubin for patent infringement. Eventually, Lubin gave up the costly fight with Edison and became part of the Motion Picture Patents Company , a monopoly on production and distribution set up by Edison. In 1915, the Lubin company entered into an agreement to form

3800-772: The Roach Studios. They began performing for the USO , supporting the Allied troops during World War II . In 1941 Laurel and Hardy were signed by 20th Century-Fox (as well as Metro-Goldwyn-Mayer in 1942). These studios produced films on a larger scale, and initially the comedians were hired only as actors in the B-picture division, forced to leave the writing and editing decisions to the production teams. The films proved very successful, and gradually both Laurel and Hardy were allowed more creative input. Laurel and Hardy completed eight features during

3895-469: The UK, such as fraud and corporate manslaughter . However, corporations are not considered living entities in the way that humans are. Legal scholars and others, such as Joel Bakan , have observed that a business corporation created as a "legal person" has a psychopathic personality because it is required to elevate its own interests above those of others even when this inflicts major risks and grave harms on

Lubin Manufacturing Company - Misplaced Pages Continue

3990-527: The act, though it was standard practice for insurance contracts to exclude action against individual members. Limited liability for insurance companies was allowed by the Companies Act 1862 . This prompted the English periodical The Economist to write in 1855 that "never, perhaps, was a change so vehemently and generally demanded, of which the importance was so much overrated." The major error of this judgment

4085-458: The attractive early advantages business corporations offered to their investors , compared to earlier business entities like sole proprietorships and joint partnerships , was limited liability. Limited liability separates control of a company from ownership and means that a passive shareholder in a corporation will not be personally liable either for contractually agreed obligations of the corporation, or for torts (involuntary harms) committed by

4180-417: The boys set out to sea where they encounter a storm and discover a brand new island, rich in uranium , making them powerful and wealthy. However, the film was produced by a consortium of European interests, with an international cast and crew that could not speak to each other. In addition, Laurel had to rewrite the script to make it fit the comedy team's style, and both suffered serious physical illness during

4275-591: The company had become. Its first stock offering in 1713–1716 raised £418,000, its second in 1717–1722 raised £1.6 million. A similar chartered company , the South Sea Company , was established in 1711 to trade in the Spanish South American colonies, but met with less success. The South Sea Company's monopoly rights were supposedly backed by the Treaty of Utrecht , signed in 1713 as a settlement following

4370-544: The company's royal charter. In England, the government created corporations under a royal charter or an Act of Parliament with the grant of a monopoly over a specified territory. The best-known example, established in 1600, was the East India Company of London . Queen Elizabeth I granted it the exclusive right to trade with all countries to the east of the Cape of Good Hope . Some corporations at this time would act on

4465-402: The corporate model for this reason (as a trust ). State governments began to adopt more permissive corporate laws from the early 19th century, although these were all restrictive in design, often with the intention of preventing corporations from gaining too much wealth and power. New Jersey was the first state to adopt an "enabling" corporate law, with the goal of attracting more business to

4560-483: The corporate status of the entity (for example, "Incorporated" or "Inc." in the United States) or the limited liability of its members (for example, "Limited", "Ltd.", or "LLC"). These terms vary by jurisdiction and language. In some jurisdictions, they are mandatory, and in others, such as California, they are not. Their use puts everybody on constructive notice that they are dealing with an entity whose liability

4655-491: The corporation against a third party (acts done by the controllers of the corporation). Where local law distinguishes corporations by their ability to issue stock , corporations allowed to do so are referred to as stock corporations ; one type of investment in the corporation is through stock, and owners of stock are referred to as stockholders or shareholders . Corporations not allowed to issue stock are referred to as non-stock corporations ; i.e. those who are considered

4750-408: The corporation is determined by the portion of shares in the company that they own. Thus, a person who owns a quarter of the shares of a joint-stock company owns a quarter of the company, is entitled to a quarter of the profit (or at least a quarter of the profit given to shareholders as dividends) and has a quarter of the votes capable of being cast at general meetings. In another kind of corporation,

4845-408: The corporation to designate its principal address, as well as a registered agent (a person or company designated to receive legal service of process). It may also be required to designate an agent or other legal representatives of the corporation. Generally, a corporation files articles of incorporation with the government, laying out the general nature of the corporation, the amount of stock it

SECTION 50

#1732851247421

4940-509: The emperor. The concept of the corporation was revived in the Middle Ages with the recovery and annotation of Justinian's Corpus Juris Civilis by the glossators and their successors the commentators in the 11th–14th centuries. Particularly important in this respect were the Italian jurists Bartolus de Saxoferrato and Baldus de Ubaldis , the latter of whom connected the corporation to

5035-422: The equivalent of unissued capital, where it is not classified as an asset on the balance sheet (passive capital). Under the internal affairs doctrine , the law of the jurisdiction in which a corporation is incorporated will govern its internal activities—that is, conflicts between shareholders and managers such as the board of directors and corporate officers. If a corporation operates outside its home state, it

5130-600: The fifth grade he was sent to Georgia Military College in Milledgeville . In 1905, when he was 13, he was sent to Young Harris College in north Georgia for the fall semester which he completed successfully in January 1906, however he was in the junior high component of that institution what is today known as an academy. At that time there were no two-year junior colleges. He had little interest in formal education, although he acquired an early interest in music and theater. He joined

5225-700: The filming. Laurel and Hardy made two live television appearances: in 1953 on a live broadcast of the BBC show Face the Music , and in December 1954 on NBC's This Is Your Life . They also appeared in a filmed insert for the BBC show This Is Music Hall in 1955, their final appearance together. The pair contracted with Hal Roach Jr. to produce a series of TV shows based on the Mother Goose fables in 1955. According to biographer John McCabe, they were to be filmed in color for NBC, but

5320-516: The first film appearance of Oliver Hardy , who started working at Lubin's Jacksonville, Florida studio in 1913. Hardy's first onscreen appearance was in the 1914 movie, Outwitting Dad where he was billed as O. N. Hardy. In many of his later films at Lubin, he was billed as "Babe Hardy." He was most often cast as "the heavy" or the villain and had roles in comedy shorts, appearing in some 50 short one- reeler films at Lubin by 1915. The company's downfall came even faster than its meteoric rise. Lubin

5415-454: The government's behalf, bringing in revenue from its exploits abroad. Subsequently, the company became increasingly integrated with English and later British military and colonial policy, just as most corporations were essentially dependent on the Royal Navy 's ability to control trade routes. Labeled by both contemporaries and historians as "the grandest society of merchants in the universe",

5510-645: The history of companies was the 1897 decision of the House of Lords in Salomon v. Salomon & Co. where the House of Lords confirmed the separate legal personality of the company, and that the liabilities of the company were separate and distinct from those of its owners. In the United States , forming a corporation usually required an act of legislation until the late 19th century. Many private firms, such as Carnegie 's steel company and Rockefeller 's Standard Oil , avoided

5605-456: The idea of the corporation as legal persons can help to clarify the role of citizens as political stakeholders , and to break down the sharp conceptual dichotomy between the state and the people or the individual, a distinction that, on his account, is "increasingly unable to meet the demands placed on the state in the modern world". Other Oliver Hardy Oliver Norvell Hardy (born Norvell Hardy ; January 18, 1892 – August 7, 1957)

5700-643: The landmark 1856 Joint Stock Companies Act . This was subsequently consolidated with a number of other statutes in the Companies Act 1862, which remained in force for the rest of the century, up to and including the time of the decision in Salomon v A Salomon & Co Ltd . The legislation shortly gave way to a railway boom, and from then, the numbers of companies formed soared. In the later nineteenth century, depression took hold, and just as company numbers had boomed, many began to implode and fall into insolvency. Much strong academic, legislative and judicial opinion

5795-597: The later Laurel and Hardy comedies. As Hardy recalled in 1954, "Bobby was always the fall guy; I was the wise guy just as I am in Laurel and Hardy, only in Laurel and Hardy, I always am the fall guy. I think of [those pictures] once in a while as being the start of the Laurel and Hardy idea as far as I was concerned." He continued to work in the Hal Roach comedies, like Yes, Yes, Nanette ! , starring Jimmy Finlayson and directed by Stan Laurel. (In later years, Finlayson frequently

SECTION 60

#1732851247421

5890-425: The legal document which established the corporation or which contains its current rules will determine the requirements for membership in the corporation. What these requirements are depends on the kind of corporation involved. In a worker cooperative , the members are people who work for the cooperative. In a credit union , the members are people who have accounts with the credit union. The day-to-day activities of

5985-520: The lives of any particular member, existing in perpetuity. The alleged oldest commercial corporation in the world, the Stora Kopparberg mining community in Falun , Sweden , obtained a charter from King Magnus Eriksson in 1347. In medieval times , traders would do business through common law constructs, such as partnerships . Whenever people acted together with a view to profit, the law deemed that

6080-417: The members of their boards. In Canada, this possibility is taken to its logical extreme: many smaller Canadian corporations have no names at all, merely numbers based on a registration number (for example, "12345678 Ontario Limited"), which is assigned by the provincial or territorial government where the corporation incorporates. In most countries, corporate names include a term or an abbreviation that denotes

6175-527: The metaphor of the body politic to describe the state . Early entities which carried on business and were the subjects of legal rights included the collegium of ancient Rome and the sreni of the Maurya Empire in ancient India. In medieval Europe, churches became incorporated, as did local governments, such as the City of London Corporation . The point was that the incorporation would survive longer than

6270-408: The owners of a non-stock corporation are persons (or other entities) who have obtained membership in the corporation and are referred to as a member of the corporation. Corporations chartered in regions where they are distinguished by whether they are allowed to be for-profit are referred to as for-profit and not-for-profit corporations, respectively. Shareholders do not typically actively manage

6365-725: The part of a robber trying to hold up Stan's character. They did not work together again for several years. In 1924, Hardy began working at Hal Roach Studios with the Our Gang films and Charley Chase . In 1925, his old boss Larry Semon hired him to play the Tin Man in Semon's feature-film adaptation of The Wizard of Oz . That same year another former colleague, Billy West, recruited Hardy to appear opposite mild-mannered comic Bobby Ray in four slapstick comedies. These shorts, with Hardy and Ray as fat-and-skinny characters in derbies, were prototypes for

6460-474: The potential in selling similar equipment as well as in making films. Known as "Pop" Lubin, he constructed his own combined camera/projector he called a "Cineograph" and his lower price and marketing know-how brought reasonable success. In 1897 Lubin began making films for commercial release including Meet Me at the Fountain in 1904. Certain his business could prosper, the following year he rented low-cost space on

6555-411: The public or on other third-parties. Such critics note that the legal mandate of the corporation to focus exclusively on corporate profits and self-interest often victimizes employees, customers, the public at large, and/or the natural resources . The political theorist David Runciman notes that corporate personhood forms a fundamental part of the modern history of the idea of the state , and believes

6650-636: The revue sequences of Hollywood Revue of 1929 , and the following year they appeared as the comic relief in a lavish Technicolor musical feature entitled The Rogue Song . This film marked their first appearance in color, yet only a few fragments of this film survive. In 1931, they starred in their first full-length movie Pardon Us , and they continued to make features and shorts until 1935. The 1932 film The Music Box won an Academy Award for best short film, their only effort to receive such an award. In 1937, Hardy and Myrtle Reeves divorced. He made Zenobia with Harry Langdon in 1939 while waiting for

6745-516: The roof of a building in Philadelphia's business district. He exhibited his new equipment at the 1899 National Export Exposition in Philadelphia and the 1901 Pan-American Exposition in Buffalo, New York . The insatiable appetite of the American public for motion picture entertainment saw Lubin's film company undergo enormous growth. Aided by French -born writer and poet Hugh Antoine d'Arcy , who served as

6840-407: The same names, a corporate name is a unique identifier only when combined with the name of the state of incorporation". This explains why lawyers in legal papers often expressly refer to a corporation's state of incorporation after the first mention of its name. Some jurisdictions do not allow the use of the word " company " alone to denote corporate status, since the word " company " may refer to

6935-431: The selling of publicly owned (or 'nationalised') services and enterprises to corporations. Deregulation (reducing the regulation of corporate activity) often accompanied privatization as part of a laissez-faire policy. A corporation is, at least in theory, owned and controlled by its members. In a joint-stock company the members are known as shareholders, and each of their shares in the ownership, control, and profits of

7030-532: The series was postponed when Laurel had a stroke and required a lengthy convalescence. Later that year while Laurel was recovering, Hardy had a heart attack and stroke from which he never recovered. Hardy had a mild heart attack in May 1954, and he began looking after his health for the first time in his life. He lost more than 150 pounds (68 kg) in a few months which completely changed his appearance. Letters written by Laurel refer to Hardy having terminal cancer, and it

7125-705: The site of Prescott College ). He filmed approximately a dozen movies there before moving to Tucson, Arizona , where he directed another 60 or so silent short films. William Duncan and Selig Polyscope Company took over the Prescott facility. Some of the pioneer actors who worked for Lubin included Romaine Fielding , Ed Genung , Harry Myers , Florence Hackett , Alan Hale , Arthur V. Johnson , Lottie Briscoe , Florence Lawrence , Ethel Clayton , Gladys Brockwell , Edwin Carewe , Ormi Hawley , Rosemary Theby , Betty Brice , Alice Mann and Pearl White . Lubin films also marked

7220-500: The state, and they can themselves be responsible for human rights violations. Corporations can be "dissolved" either by statutory operation, the order of the court, or voluntary action on the part of shareholders. Insolvency may result in a form of corporate failure, when creditors force the liquidation and dissolution of the corporation under court order, but it most often results in a restructuring of corporate holdings. Corporations can even be convicted of special criminal offenses in

7315-581: The state, in 1896. In 1899, Delaware followed New Jersey's lead with the enactment of an enabling corporate statute, but Delaware only became the leading corporate state after the enabling provisions of the 1896 New Jersey corporate law were repealed in 1913. The end of the 19th century saw the emergence of holding companies and corporate mergers creating larger corporations with dispersed shareholders. Countries began enacting antitrust laws to prevent anti-competitive practices and corporations were granted more legal rights and protections. The 20th century saw

7410-692: The studio's publicity manager, in 1910 Siegmund Lubin built a state of the art studio on the corner of Indiana Avenue and Twentieth Street in Philadelphia that became known as "Lubinville." At the time, it was one of the most modern studios in the world, complete with a huge artificially-lit stage, editing rooms, laboratories, and workshops. The facility allowed several film productions to be undertaken simultaneously. The Lubin Manufacturing Company expanded production beyond Philadelphia, with facilities at 750 Riverside Avenue in Jacksonville, Florida , Los Angeles , and then in Coronado, California . In 1912, Lubin purchased

7505-638: The two and began teaming them together, which led to the start of a Laurel and Hardy series later that year. They began producing a huge body of short comedies, including The Battle of the Century (1927) (with one of the greatest pie fights ever filmed), Should Married Men Go Home? (1928), Two Tars (1928), Unaccustomed As We Are (1929, marking their transition to talking pictures) Berth Marks (1929), Blotto (1930), Brats (1930), Another Fine Mess (1930), Be Big! (1931), and many others. In 1929, they appeared in their first feature, in one of

7600-415: The villains for West well into the early 1920s, often imitating Eric Campbell to West's Chaplin. Between 1916 and 1917, Hardy experienced a brief directorial career. He is credited for directing or co-directing ten shorts, all played by him. In 1917, Hardy moved to Los Angeles, working freelance for several Hollywood studios. He made more than 40 films for Vitagraph between 1918 and 1923, mostly playing

7695-507: The war years, with no loss of popularity. M-G-M's two-picture pact expired in August 1944, and Fox's series of six Laurel & Hardy pictures ended when the studio discontinued B-picture production in December 1944. In 1947, Laurel and Hardy went on a six-week tour of the United Kingdom. They were initially unsure of how they would be received, but they were mobbed wherever they went. The tour

7790-573: The year before Norvell's birth. He was likely born in Harlem, though some sources say that his birth occurred in Covington, Georgia , his mother's hometown. His father died less than a year after his birth. Hardy was the youngest of five children. His older brother Sam drowned in the Oconee River ; Hardy pulled him from the river but was unable to resuscitate him. As a child, Hardy was sometimes difficult. In

7885-445: Was a supporting actor in the Laurel and Hardy film series.) He also continued playing supporting roles in films featuring Clyde Cook , including Wandering Papas (1925, directed by Laurel). In 1926, Hardy was to appear in Get 'Em Young , but he was unexpectedly hospitalized after being burned by a hot leg of lamb. Laurel had been working as a gag man and a director at Roach Studios, so he

7980-437: Was an American comic actor and one half of Laurel and Hardy , the double act that began in the era of silent films and lasted from 1926 to 1957. He appeared with his comedy partner Stan Laurel in 107 short films, feature films, and cameo roles. He was credited with his first film, Outwitting Dad , in 1914. In most of his silent films before joining producer Hal Roach , he was billed on screen as Babe Hardy . Oliver Hardy

8075-567: Was born Norvell Hardy on January 18, 1892, in Harlem, Georgia . His father, Oliver, was a Confederate States Army veteran of the American Civil War who had been wounded at the Battle of Antietam on September 17, 1862, and was a recruiting officer for Company K, 16th Georgia Regiment. The elder Oliver Hardy assisted his father in running the remnants of the family's cotton plantation. He then bought

8170-413: Was forced into bankruptcy and on September 1, 1916, the Lubin Manufacturing Company closed its doors for good. Corporation This is an accepted version of this page A corporation is an organization —usually a group of people or a company —authorized by the state to act as a single entity (a legal entity recognized by private and public law as "born out of statute"; a legal person in

8265-623: Was lengthened to include engagements in Scandinavia, Belgium, France, and a Royal Command Performance for King George VI and Queen Elizabeth . Biographer John McCabe writes that they continued to make live appearances in the United Kingdom and France until 1954, often using new sketches and material that Laurel had written for them. In 1949, Hardy's friend John Wayne asked him to play a supporting role in The Fighting Kentuckian . Hardy had previously worked with Wayne and John Ford in

8360-644: Was not as adroit as its competitors in shifting to quality feature-length films. Also, a disastrous fire at its main studio in June 1914 damaged nearby buildings and destroyed the negatives for a number of unreleased new films, which severely hurt the business. When World War I broke out in Europe in September of that year, Lubin Studios, and other American filmmakers', lost a large source of income from these foreign sales. For years

8455-478: Was opposed to the notion that businessmen could escape accountability for their role in the failing businesses. In 1892, Germany introduced the Gesellschaft mit beschränkter Haftung with a separate legal personality and limited liability even if all the shares of the company were held by only one person. This inspired other countries to introduce corporations of this kind. The last significant development in

8550-454: Was possible only through a royal charter or a private act and was limited, owing to Parliament's jealous protection of the privileges and advantages thereby granted. As a result, many businesses came to be operated as unincorporated associations with possibly thousands of members. Any consequent litigation had to be carried out in the joint names of all the members and was almost impossibly cumbersome. Though Parliament would sometimes grant

8645-525: Was recognised by the same magazine more than 70 years later, when it claimed that, "[t]he economic historian of the future... may be inclined to assign to the nameless inventor of the principle of limited liability, as applied to trade corporations, a place of honour with Watt and Stephenson , and other pioneers of the Industrial Revolution. " These two features – a simple registration procedure and limited liability – were subsequently codified into

8740-478: Was recruited to fill in. Laurel continued to act and appeared in 45 Minutes from Hollywood with Hardy, although they did not share any scenes together. In 1927, Laurel and Hardy began sharing screen time together in Slipping Wives , Duck Soup (no relation to the 1933 Marx Brothers ' film ), and With Love and Hisses . Roach Studios' supervising director Leo McCarey recognized the audience reaction to

8835-407: Was speculated that this was the reason for Hardy's rapid weight loss. Both men were smokers; Hal Roach said that they were a couple of "freight train smoke stacks". Hardy had a major stroke on September 14, 1956, that left him confined to bed and unable to speak for several months. He remained at home in the care of his wife Lucille. Following two more strokes in early August 1957, he slipped into

8930-714: Was starting out in show business. He was inducted into the Grand Order of Water Rats along with Stan Laurel. In 1910, The Palace, a motion picture theater, opened in Hardy's hometown of Milledgeville, and he became the projectionist, ticket taker, janitor and manager. He soon became obsessed with the new motion picture industry and was convinced that he could do a better job than the actors that he saw. A friend suggested that he move to Jacksonville, Florida , where some films were being made, which he did in 1913. He worked in Jacksonville as

9025-417: Was the first speculative bubble the country had seen, but by the end of 1720, the bubble had "burst", and the share price sank from £1,000 to under £100. As bankruptcies and recriminations ricocheted through government and high society, the mood against corporations and errant directors was bitter. In the late 18th century, Stewart Kyd , the author of the first treatise on corporate law in English, defined

#420579