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This article discusses various issues related to law and theories of overdue negotiable paper. There are three theories of overdue negotiable paper, no one of which has been consistently adopted by the common law. It is consequently difficult, if not impossible, to get either a correct perspective from which to view the cases or an absolute standard by which to measure their correctness. It appears to the article author to be impossible to follow the ordinary method and test the correctness of a case relating to overdue negotiable paper by the application. of the logical deduction and modification of the principles which, underlie the law of negotiable paper before maturity, because to do so would be to condemn almost every case to the limbo of legal error.

Presents information on books on law. 'The Papers of Adlai E. Stevenson: Washington to Springfield, 1941-1948,' volume 2, edited by Walter Johnson and Carol Evans; 'America's Public Lands: Politics, Economics & Administration,' edited by Harriet Nathan; 'How the Government Breaks the Law,' by Jethro K. Lieberman.

The article discusses issues related to the practice of law in Italy. As in most civil law countries, lawyers in Italy are divided into two classes — avvocati and procuraiori. The procuratore subscribes all pleadings and other papers submitted to the court, is present at the taking of depositions, and must sign the briefs, with few exceptions all papers during litigation are served on him rather than on his client. The avvocato in general performs broader and more responsible functions: he advises the client, drafts all papers and briefs and argues the case.

The article presents information about papers related to the U.S. law published in various journals. The provisions of the Fifth and Sixth Amendments to the Federal Constitution guaranteeing common law procedure, including the right of indictment and trial by jury do not extend to the inhabitants of our insular possessions. It would seem that this applies equally to all the territories of the United States. It is suggested, there can be no distinction between the organized and the unorganized territories. The privileges guaranteed by the Bill of Rights in fact extend to the former only by virtue of an Act of Congress or a treaty provision.

Presents a list of legal research papers, recently published. The list here includes, "Law of Accomplices"; "Conference Respecting Final Court of Appeals"; "Three Great Judges of Our Own Times"; "Corporations and Trusts"; and "Criminal Law and its Administration in the State of New York"; "The Development of Law during the Middle Ages, Especially in France and England"; "Expert Testimony: Its Abuses and Uses"; "Handwriting of Part Payments" and "Incorporation by Reference."

Comments on the paper by Judge Seymour D. Thompson entitled "The Doctrine of Ultra Vires in Relation to Private Corporations". Review of the ancient doctrine of ultra vires; Outline of the modern doctrine; Arguments against some views of Thompson; Observation that there it is not clear than any tribunal ever gave a consistent adherence to the doctrine which Thompson calls the "ancient doctrine"; Argument against Thompson's assertion that modern developments of the law of Corporate Power are to be explained upon a principle of moral evolution.

Presents the author's reply to comments on his paper on the Rule against Perpetuities published in the sixth volume of the "Harvard Law Review" periodical. Criticism citing that the true object of the Rule against Perpetuities is to restrain the creation of future conditional interests that is not aimed directly at preventing the non-alienation of property; Remoteness of charitable gifts; Implications on law.

The article focuses on a paper on the relation of the reports of cases in the Year Books to the records of the same cases found among the Public Records. The report was intended for the use of the legal profession, including the judges. It was designed to show general principles of law, pleading, or practice. They were not the facts which the lawyer wished to know, and would not help to guide him in his pleading, except in cases in which an argument turned upon a description or a misdescription. There are in the reports innumerable matters of interest, legal, historical, constitutional and social which have no counterpart in the rolls. In the reports are living men, dealing with the facts in their own language, in the spirit of their own age, in tones which reveal what manner of men they were.

The article focuses on the progress of the law on no par value stock. The device of stock without par value may be regarded as the result of efforts to mitigate the frauds on investors sometimes attending the sale to the public of par value stock. It has been strongly attacked and warmly defended. Without analyzing in detail the arguments advanced by its opponents or friends, it seems sale to say that it increases the difficulties of selling a piece of paper to the gullible for more than its real worth. From the legal point of view a certificate of no par value stock is closer to truth than one alleging a fixed value.

Presents an introduction the research papers published in this issue of the periodical "Harvard Law Review."