Morgan & Hamilton Co. v. City of Nashville

In assessing the capital stock of Morgan & Hamilton Company, a domestic corporation, for the years 1919, 1920, and 1921, the tax assessor of the city of Nashville included in the schedules the value of cotton and burlap in bales stored by complainant, awaiting use for manufacturing purposes. Each assessment was duly protested, and by agreement with the city the complainant paid, each year, the undisputed portion of the taxes assessed, and after the assessment of 1921 filed the bill to enjoin collection of the disputed portion of the tax.

The appeal presents the inquiry of whether the cotton…