Page:Some Fundamental Legal Conceptions as Applied in Judicial Reasoning.pdf/1

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From very early days down to the present time the essential nature of trusts and other equitable interests has formed a favorite subject for analysis and disputation. The classical discussions of Bacon and Coke are familiar to all students of equity, and the famous definition of the great chief justice (however inadequate it may really be) is quoted even in the latest textbooks on trusts. That the subject has had a peculiar fascination for modern legal thinkers is abundantly evidenced by the well known articles of Langdell and Ames, by the oft-repeated