The weekly clarion. [volume] (Jackson, Miss.) 1863-1882, 1878-06-19
80 q THE SUPREME COURT
- .s-ccTccTpPT
Of a..S94GS=6 IS
o.ooerty Of Corporations Liable to
titan According to Value.
| MISSISSIPPI MILLS I


". o'. ,.,...-.5 IN. oo;,;on of
EP8ELL' 80 ''.''
M 1grt ..,.-.,-,, ,,.bo.,,ou
E, ease pFese'i'. '''I 49,, -,
id tha C'a7.' -''.''',' I5.n - = 49,
id7 ISL OBJ '..... i. o.-o,,, =, 60
Sd Z Of ''' j.. -. .~.,fr eva,nnt;o,,
i'll a5nr i0f .,...,,rt,. g -
ia .as s.A n.y.. D.. 4.,-ad ,5nrin,, ~,
III from ..''.'..' :-,,,.,,.it,. ,,s,, 6auo
IN i'' y '.l.''
,..,.t e4crfon Il. Article XII
.l-- ...-.s.-f. .s-be Dropertv of all
bliie 1.''..' ........f..,, nrotirs shall IA
"a T'..''.' w. ... -.r,a as that Of in
"a ..- .-l ras+ of section 20 of the
aF ''. .r,xsri,p shall he eooal
~ '..'.. ...-. rgb,8r the state An
sn ,.rra..,,-.1 In promotion to IFS
lpn III. W ,...r.,i,.4 s- directed bv law,
,. ro- intended by -ecJionI3to confer
''7 .t..I..,--r..r1r4 10 tax the pron
w Pr '- ..' .....-.o. ~ me class maurianad
ssg '.-.il ...,-arut rbfs section. As an in
Il .I..,..r rive fower.
NNnfrH
TT..., navr been intended by this
sion 90 require the taxation of the
3, rar,r of corporations, whose charters
Rg .,-.--.l secured their exemp-
KN .''' --...,,. for fbis vos bavond the
49,. f-.r,ars of the Constitution
R ..,,.l..f, aaoptino If. as renpat-
u ...r.-..r i,. rf.a S1prome Court of the
q -.r.,...,., r., thar. cI,u.n n /.
III ei 7-le.7 ''
ia Constitution 0l Jhr JhIted STATES, Whlch
t.l-..rr --t-a from passing any law i'm
..,;....f.,,s If contracts
III " '"s -
II NOT % DE supposed Lhat IL was ue-
,a1 bv this provision to ietter leglsla-
"a ..f... tr- sY inHaxihIa rule that
~ '''. .,;
aAe pro 'r.} OH L| e'' pol"'l'''9 io' P00
ii 1rui- must always be taxed
cannot he said chat this section intend
4..... +.,v.,+i5,-, tho nroncrtv of
ea 'A-'' b. ,'.'
col powIons o-heI IMAM tiio7e loi peC"iii"'
49,
r,...rra,r. IF section I3 is peculiar. and
...;g, o.. i4- i,+o.nrata-
~ nave "J D''''' -''i'- 49,
fiol 5Xcep lt- terms. No oJher prov i9loh 81
ia Constitution sheds any light on this
s. .,,.s,,..,.rr,r.- .aseertaiued from the
,..,,...-4 ,rl,,,.,, :.
III IHP'it '' '"a " .''''s Ol' P'o' -
id .lit uty u IeteTmIuIh2 Jhe meaning Oh
IS words. The property of all operations
s. o..,,-f.r,- r,-,,ff-s .- In rb,, .Ianouaga of
VI
samntr, tAtl rs me SUBJECT IN lhe sentence
g. Tint of which something is affirmed,
"A rAat which f.stIf.ned of II is. that ii
y IT. .,,-.t;.,, H., .o,,,a a.
j. 'e '"3.tt ~ e'A11''H ''0 7'"i' q
81 OF Individuals. An analysis OF TINS
il dictate will show an affirmation that its
,s,.tl., ,,,.o,,.r,,, ~ ali c,rnoro-
-.' wac
p Tor pr'aHaAI1 pI'HI9 9hdl De suHJ
j taxation" aud of a certain kind, viz:
N. -9l,,... Do rI,ar oriodividuaIs If Is not
a.. ,,.,,,uo
sc'a'," ta'. '"e property "i t'i0 Oo' ~"
eus mentioned shall be 'Suyected, put
d ry be suIj.rt 10 tartfiou." that is shall be
he n -,,.,5i,, ..V1a nronertv of all
-
#p''"'I'H7 iNVli1' 'i'1i' ot 9u'J -
Bon" but bpw2 The answer Is. tine
1ma p, that of individuals" The liability
i t54 9r1rartr of all corporations for pecu-
-...- -. -.--,-i..,, : 80 sacn.ed Nv
= p''"1 ~ 1'-N'' ''''
u fundamental law, anu 1t Is 10 De lhe
H' H' +AttH ga ftiAtt iN''t.A ~ $500
b.. shall. 1, srIiac- to tho saD,e tarati0n
.-......... g. +I,, I,,,,,nae,.'
, -' '''A" I'D" a. eIo' - '"' %
a,ei Is equivalent t) 'tbs same tdc4tt0@ as
ktaf .nir.31q1s." it must nevertheless BE-
Al,b,-fr. .,I.iae+ and effect were 70 fix the
.''. i.9 VIZ ''li' 49, "
prr OF taxation 20 which the property OF
/ corporations should be subject, and not
4iect tae condition OF being subject TO
sxt.ioH. The peculiar arrangement of the
Forls 'the ~lmc as suggests, as possibly
bin the contemplation of the Con-tItH-
h.. tlts view. VIZ: the property of all cor
6-4rigus for uecuuilrv profit shall be SUBJ
B. Do taxation Just as the property of in
Egflua.. J.. That of individuals is liable
4xstiga. They have not been granted
immunity from taxation. Their property
subject 30 taxation, ana so in like man
f., thr property OF all corporations for
summary profit shall be liable TO taxa ton.
The import and purposes Of section ID
etm do have been to establish the condi-
In of t1- p~,psrtv of ali corporations for
,atuai3rv grotir. as being subject to taxa
bon. and 10 forbid the exemption of such
Property from liability to be taxed, by
l4aiug the property of all corporations for
Dec1aiary profit. the same as that of indi
dgais natural persans) completely with
! beIegi5Irive power for the purpose of
ay4tion. subject 70 the both section of the
anne article If fLa constitution. so that the
aris ,.t- h. o ,ll -, 10 81, ,,,,s, +ax-aS On