Terminal Oil Co. v. McCarroll, Comm. of Revenues

The appellant, Terminal Oil Company, began the business of a wholesale dealer in gasoline in the month of April, 1933, at its place of business about one mile north of the city of Osceola, where the company has facilities for receiving gasoline by railroad and by barge on the Mississippi river.

At all times from the beginning the company made monthly reports to the Commissioner of Revenues, as required by law, showing the number of gallons of gasoline . received into its tanks by rail and the number received by barge, and the number of gallons deducted at one per cent, for evaporation loss on…