MR. JUSTICE HARLAN delivered the opinion of the court.
On the first day of May, 1864, the Oregon Steam Navigation Company, then engaged in the transportation, for hire, of freight and passengers on the Columbia River and its tributaries, purchased a steamboat, called the "New World," from the California Steam Navigation Company, then engaged in like business upon the rivers, bays, and waters of the State of California.
The terms of the sale are embodied in...
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