Inland Empire Railroad v. Whitman County

This is a suit for the reduction of taxes on plaintiff’s property for the years 1919 and 1920. Prior to the year 1919, the Spokane & Inland Empire Railroad Company owned an electric railway system, one branch of which runs easterly from Spokane into Idaho, and another branch runs southerly from that city through Whitman county, thence into Idaho. It became insolvent in 1918 and was placed in the hands of a receiver who, by directions of the court, sold the entire property in 1919 at a public sale to the bondholders, at whose suit the receiver had been appointed. Upon confirmation of the sale,…