Heinemann v. Arthur's Executors

delivered'the opinion of the court.

In Octobér, 1873, .the firm of .Heinemann, Payson & Morgan bought,- paid for, and exported from Taganrog, in Russia, some colored carpet wools, the actual cost of which, exclusive of charges, was below twelve cents per pound, at the time and place of exportation. They were imported into the port of New York, and' entered at the custom-house there January 5, 1874, at the invoice value of 41,975.01 silver- roubles'. The collector reduced -the amount into United States money at 77.17 cents to the rouble. This made the value of the wool greater than twelve cents…