Harness v. Williams
Mississippi Supreme Court
Appeal from the Circuit Court of Hinds County. Hon. T. J. Wharton, Judge. Iii 1883 and 1884 the firm of Williams & Williams were carrying on a general merchandise business. On January 1, 1885, this firm was changed to Williams & Black, the latter having purchased an interest in the old firm.
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Appeal from the Circuit Court of Hinds County. Hon. T. J. Wharton, Judge. Iii 1883 and 1884 the firm of Williams & Williams were carrying on a general merchandise business. On January 1, 1885, this firm was changed to Williams & Black, the latter having purchased an interest in the old firm. On March 22, 1884, Michael Harness opened an account with Williams & Williams, and continued the same until Williams & Black began ■ business, when this account was transferred to the latter firm. Harness, continued to trade with Williams & Black until January 6, 1887. At various times settlements were…
1Opinion of the CourtCooper, C. J.
1. Cotton purchased by a merchant from his customers in payment of debts due to him from them for goods sold is not a part of the stock of such merchant in the sense in which that word is used in § 585 of the Code of 1880, which fixes a privilege tax upon “each store” proportionate to the “stock” carried therein. The word “ stock ” as therein used comprises only the goods, etc., kept by the merchant for sale in the course of business, and cannot be extended to cover the collections made by him, whether they are made in money or in property taken as a mere step in the collection of the debts…
2Cases cited1 opinion
- Carter v. StateMississippi Supreme Court · 1882
3Cited by2 opinions
- Sun Mutual Insurance v. SearlesMississippi Supreme Court · 1895
- Woodworth & Co. v. ConcordSupreme Court of New Hampshire · 1915