Commonwealth v. Penn Gas Coal Co.
Supreme Court of Pennsylvania
May 17th 1869. Before Thompson, C. J., Read, Agnew, Sharswood and Williams, JJ. Error to the Court of Common Pleas of Dauphin county: No. 90, to May Term 1869. On the 11th of July 1867 the accounting officers of the Commonwealth settled an account' against The Penn Gas Coal Company, as follows: “ For tax on net earnings or income, per Act of April 30th 1864, . for years ending November 1st 1865 and 1866, as per report herewith filed: 1865. Net earnings or income - - - -…
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May 17th 1869. Before Thompson, C. J., Read, Agnew, Sharswood and Williams, JJ. Error to the Court of Common Pleas of Dauphin county: No. 90, to May Term 1869. On the 11th of July 1867 the accounting officers of the Commonwealth settled an account' against The Penn Gas Coal Company, as follows: “ For tax on net earnings or income, per Act of April 30th 1864, . for years ending November 1st 1865 and 1866, as per report herewith filed: 1865. Net earnings or income - - - - $173,079.72 1866. do. do. 68,757.54 241,837.26 Tax three per cent, due Commonwealth, - - 7,255.11” The company appealed from…
1Opinion of the Court
The opinion of the court was delivered,
by Read, J.
We have carefully considered this case, and the reasoning of the learned judge in the court below, but we are unable to see that the case of The Commonwealth v. The Ocean Oil Company, 9 P. F. Smith 61, does not govern the one before us. All capitals of mining companies, whether of coal, iron, copper, or tin, or silver or gold, and so of quarrying companies, whether of stone, marble or slate, are nominal, like those of petroleum companies, and fixed by their promoters at such large figures, that, by applying the principle contended for by the…
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- Von Baumbach v. Sargent Land Co.Court of Appeals for the Eighth Circuit · 1914
- Inspiration Consol. Copper Co. v. CommissionerUnited States Board of Tax Appeals · 1928
- Anderson v. Larner Machine Co.Supreme Court of Pennsylvania · 1940
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