Jewel Tea Co. v. Rowe

"Mr. Justice Schaeeer

delivered the opinion of the court:

This appeal involves a dispute as to the amount of additional franchise tax due as a result of certain transactions with respect to the capital stock of the Jewel Tea Co., Inc., a New York corporation, and as to the proper method of reporting those transactions to the Secretary of State. The company made the reports in the manner required by the Secretary of State and paid, under protest, the amount of tax demanded by him. It then filed a complaint in the circuit court of Sangamon County to restrain payment into the State treasury and to…