RALEIGH AND GASTON RAILROAD CO. v. REID.


80 U.S. 269 (____)

13 Wall. 269

THE RALEIGH AND GASTON RAILROAD Co. v. REID, SHERIFF.

Supreme Court of United States.


Attorney(s) appearing for the Case

Messrs. Carlisle, McPherson, and B.F. Moore, for the plaintiff in error.

Mr. W.H. Battle, contra.


Mr. Justice DAVIS delivered the opinion of the court.

The only way in which the property of this company could be reached for taxation at all was after the limitation of the fifteen years had expired. The legislature was then at liberty to tax the individual shares of the stockholders, whenever their annual profits exceeded 8 per cent. When a statute limits a thing to be done in a particular mode, it includes a negative of...

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