Mayor of Newark v. Merchants' Insurance

The opinion of the court was delivered by

Reed, J.

The present writ of error brings up a judgment of the Supreme Court rendered upon four writs of certiorari, which brought into that court certain taxes levied in the city of Newark against four corporations. These corporations were the Merchants’ Insurance Company, the American Insurance Company, the Fireman’s Insurance Company and the Newark Fire Insurance Company. The tax now in dispute was levied upon certain bonds held by these corporations. The bonds were made by certain street railway companies and were secured by mortgages executed by…