Note 142 — Chapter V · THE LAW OF COMMERCE

“The insurance business does not constitute interstate commerce.” Paul v. Virginia, 8 Wallace, 168 (1868). But the power to regulate commerce doubtless includes legislation placing common carriers engaged in interstate commerce under such federal control as to constitute federal ownership of railroads, telegraph and telephone lines, steamships, sailing vessels, etc., etc. Such ownership is illustrated in France, Germany, Italy, Russia, and in other countries.