PEOPLE v. COMMISSIONERS OF TAXES, ETC.


94 U.S. 415 (1876)

PEOPLE v. COMMISSIONERS OF TAXES AND ASSESSMENTS.

Supreme Court of United States.


Attorney(s) appearing for the Case

Mr. Daniel D. Lord for the appellant.

Mr. Hugh L. Cole, contra.


MR. JUSTICE HUNT delivered the opinion of the court.

The relators complain that their shares of stock in the Gallatin National Bank are assessed at too large a sum. They appeal from the judgment of the Court of Appeals sustaining the determination of the commissioners of taxes, which fixed the taxable value of such shares at $59 each, whereas the par or nominal value of such shares is $50 each.

Many grave questions were discussed by the council upon the argument...

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