 | United States. Court of Claims - 1940 - 772 pages
...rule is also succinctly stated by the Supreme Court in Adams Express Go. v. Ohio, 166 US 185 : Now, it is a cardinal rule which should never be forgotten that whatever property is worth for the purposes of income and sale it is also worth for purposes of taxation. Opinion of the Court * * * The... | |
 | United States. Supreme Court - 1897 - 798 pages
...? Obviously the franchises, the privileges the company possesses — its intangible property. Now, it is a cardinal rule which should never be forgotten that whatever property is worth for the purposes of income and sale it is also worth for purposes of taxation. Suppose such a bridge were entirely... | |
 | 1897 - 260 pages
...constitution which restrains a state from taxing, at its real value, such intangible property.' 'lt is a cardinal rule, which should never be forgotten, that whatever property is worth for the purror the purposes of taxation.' The case is Adams Express Co. vs. Ohio. 160 TJ. poses of income and... | |
 | Bar Association of the State of Kansas - 1898 - 702 pages
...Obviously the franchises, the privileges the company possesses — its intangible property." "Now, it is a cardinal rule which should never be forgotten that whatever property is worth for the purposes of income and sale it is also worth for purposes of taxation. Suppose an express company is... | |
 | Wisconsin. Tax Commission - 1898 - 296 pages
...the state from taxing such intangible property at its real value. It was the theory of. these cases that whatever property is worth for the purpose of income and sale it is worth for the purpose of taxation. "The capital stock of a corporation and the shares in a joint stock... | |
 | Texas. Tax Commission - 1899 - 428 pages
...company, makes this clear statement and illustration in reaffirming the case in favor of the State : "Now, it is a cardinal rule which should never be forgotten that whatever property is worth for the purposes of income and sale it is also worth for purposes of taxation. * * * Substance of right demands... | |
 | Wisconsin. Tax Commission - 1899 - 332 pages
...the state* from taxing such intangible property at its real value. It was the theory of these cases that whatever property is worth for the purpose of income and sale it is worth for the purpose of taxation. "The capital stock of a corporation and the shares in a joint stock... | |
 | Michigan. State Tax Commission - 1901 - 372 pages
...corporate property more or less valuable according as it produces an income greater or less in amount. ln the language of Justice Brewer of the United States...sale, it is also worth for the purpose of taxation.' ' lt has been the aim of the board to ascertain what these properties are worth for the purposes of... | |
 | 1901 - 1006 pages
...and conclusively, in an opinion in a unanimous court, by Mr. Justice Brewer. In that case it is held: "Whatever property is worth for the purpose of income and sale, It is worth for the purposes of taxation; and when, as in the case of the express company, the tangible property... | |
 | Wisconsin. Tax Commission - 1901 - 212 pages
...Brewer in the celebrated case of Adams Express Co. vs. Ohio, 166 IT. S., 185, where it is said: "Now, it is a cardinal rule, which should never be forgotten, that whatever prof jrty is worth for the purposes of income and sale it is also v "> -/th for purposes of taxation.... | |
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Now, it is a cardinal rule which should never be forgotten that whatever property is worth for the purposes of income and sale it is also worth for purposes of taxation. 
