Verney Corporation v. Peterborough

On April 1, 1955, the plaintiff, Verney Corporation, owned and operated a textile finishing plant in the town of Peter-borough engaged in dyeing and finishing cloth which had been woven at other textile mills owned by the plaintiff in Brunswick, Maine and Manchester, New Hampshire. The cloth received by the plaintiff in the unfinished stage was known to the trade as “greige cloth” or “greige goods.” Other cloth, received from its Manchester mill, was finished “marquisette” or curtain material. The plaintiff finishes goods only on order.

*370The plaintiff’s taxable property on April 1, 1955,…