Legal Opinion
Bailey v. Railroad Co.
Supreme Court of the United States
Decided November 18, 1882No. 27PublishedCited by 23 opinions
Error to the Circuit Court of the United States for the Northern District of New York. The facts are stated in the opinion of the court.
1Opinion of the CourtJustice Matthews
On Dec. 19, 1868, the New York Central Railroad Company, afterwards merged by consolidation into a new corporation, known as the New York Central .and Hudson River Railroad Company, the defendant in error, adopted a preamble, resolutions, and certificate, of which the following is a copy: —
“ Whereas this company has hitherto expended of its earnings for the purpose of constructing and equipping its road, and in the •purchase of real estate and other properties, with a view to the increase of its traffic, moneys equal in amount to eighty per cent of the Capital stock of the company; and…
2Cases cited2 opinions
- Bailey v. Railroad Co.Supreme Court of the United States · 1875
- Railroad Co. v. CollectorSupreme Court of the United States · 1880
3Cited by23 opinions
- Helvering v. Midland Mutual Life InsuranceSupreme Court of the United States · 1937
- Tax Commissioner v. PutnamMassachusetts Supreme Judicial Court · 1917
- Lynch v. TurrishSupreme Court of the United States · 1918
- Douglas v. EdwardsCourt of Appeals for the Second Circuit · 1924
- Boston & Providence Railroad v. Old Colony RailroadMassachusetts Supreme Judicial Court · 1929
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