Dos Passos, John Randolph

Dos Passos, John Randolph

(dəs păs`əs), 1844–1917, American lawyer, b. Philadelphia. He was admitted to the bar in 1865 and moved (1867) to New York City, where he conducted his practice. His Treatise on the Law of Stockbrokers and Stock Exchanges (1882) became a standard work. Dos Passos was a pioneer in the organization and development of the modern trusttrust,
in law, arrangement whereby property legally owned by one person is administered for the benefit of another. Three parties are ordinarily needed for the relation to arise: the settlor, who bequeaths or deeds the property for another's benefit; the trustee, in whose hands
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 company, and in 1891 he helped to organize the American Sugar Refining Company (the "sugar trust") for H. O. Havemeyer. He opposed the Sherman Anti-Trust Act in Commercial Trusts (1901) and vigorously advocated extensive legal reforms in The American Lawyer (1907). He was the father of John Roderigo Dos Passos.
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