SOUTHERN RAILWAY COMPANY v. Commonwealth

These are appeals as a matter of right from orders of the State Corporation Commission of Virginia holding valid a tax which it assessed upon certain bonds and notes, owned by appellants, issued by states other than Virginia, and by political subdivisions of other states, and denying their respective petitions for a correction of the Commission’s assessments upon such bonds and a refund of the taxes paid thereon by the appellants.

It was agreed before the State Corporation Commission that the cases be heard together. They involve the same question of statutory interpretation, and a decision in…