People ex rel. Edward & John Burke, Ltd. v. O'Donnel

In this proceeding the only question presented is whether debts due relator on open accounts for imported goods sold in original packages are taxable. It has been held that open accounts of a foreign corporation form a part of the working capital, and are, therefore, subject to taxation. See People ex rel. Armstrong Cork Co. v. Barker, 157 N. Y. 159; People ex rel. Crane Co. v. Feitner, 49 App. Div. 108. In another proceeding brought by this relator to review the assessment against it for the year 1903 the Court of Appeals (People ex rel. Burke v. Wells, 184 N. Y. 275) held that “Bills…