Rust-Owen Lumber Co. v. Wisconsin Tax Commission

The following opinion was filed July 22, 1930:

Rosenberry, C. J.

We shall follow the same general method of treatment in this case that was followed in the Northwestern Lumber Co. v. Wisconsin Tax Commission Case above referred to.

Stumpage Values.

In this case the commission found that the plaintiff had on hand January 1, 1916, 268,375,293 feet of timber, mostly pine, valued as of January 1, 1911, at $12 per M, and fixed the January 1, 1916, value after averaging in purchases subsequent to January 1, 1911, at $11,563 per M. The timber was depleted at this rate throughout the ensuing years except…