State v. Stephenson-Browne Lbr. Co.

This is an appeal in a tax ferret proceeding from the county court of Grady county wherein the state, as plaintiff, seeks to assess as omitted property certain assets of the defendant, Stephenson-Browne Lumber Company, a corporation, in the nature of moneyed capital, surplus, and undivided profits consisting of notes, accounts, accounts receivable, bills receivable, cash on hand and in bank, office furniture and fixtures, and all other personal property not heretofore assessed, and of the value of $100,000 for each of the years 1919 to 1931, inclusive.

Defendant demurred to plaintiff’s…