Memphis & Charleston Railroad v. United States
Supreme Court of the United States
IN ERROR TO THE CIRCUIT COURT OF THE UNITED STATES FOR THE WESTERN DISTRICT OF 'TENNESSEE. Suit to recover income tax. The principal facts appear in the opinion of the court.
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IN ERROR TO THE CIRCUIT COURT OF THE UNITED STATES FOR THE WESTERN DISTRICT OF 'TENNESSEE. Suit to recover income tax. The principal facts appear in the opinion of the court. The questions argued were : 1st. Whether the railroad company was liable for a tax upon its income during' the war, earned from the use of its rolling stock within the confederate libes, and divided; its road being at the time the dividends were earned in the military possession of the United States ? 2d. Whether it was hable for an income tax on income earned after the war and applied to construction and repair of the…
1Opinion of the CourtChief Justice Waite
This is a suit to recover taxes upon dividends and interest paid by the Memphis & Charleston Railroad Company between the first day of July, 1862, and the first day of December, 1865. The items which go to make up the amount of the' judgment brought here for review are thus stated in the verdict of the jury:
1. “On dividend declared March 17, 1863, a tax of $1,625.45, being three per centum of $57,515.60, the value in legal currency, when paid, of • $143,789, the whole amount of said dividend then paid in Confederate money.”
2. “ On interest coupons of said defendent falling due November 1,…
2Cases cited2 opinions
- Railroad Co. v. CollectorSupreme Court of the United States · 1880
- United States v. Erie Railway Co.Supreme Court of the United States · 1882
3Cited by2 opinions
- Terre Haute & Indianapolis Railroad v. State ex rel. KetchamIndiana Supreme Court · 1902
- United States v. Louisville & N. R.U.S. Circuit Court for the District of Kentucky · 1888