Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1914-10-26
U. S. SUPREME COURT
HANDS DOWN MANY
IMPORTANT RULINGS
Refuses to Annul Indictment
Against ex-U. S. Treasurer
Morgan, Charging Misuse
of the Mails.

WASHINGTON. oct. 26.-The United
states Supreme Court today refused to
annul an Indictment in New York against
Jared Flagg and Daniel n. Morgan. eN-
Treasurer OF the United states and others
charged with using the mails to defraud
in the sale Of stocks. Flagg and his col
leagues alleged the indictment was void
because the evidence upon which 1t was
based was obtained by postofIlce in
spectors during a raid, and was, therefore,
in violation of constitutional guarantees
against unlawful search and seizure.
decision by the Federal Courts Of
New York exempting from the operation
Of the corporation section of the income
tax law realty corporations whose In
terest disbursements are in excess of
their gross income will be reviewed by
the Supreme Court, the court today ac-
cedng to the Governments petition for
sucn a roview. The Government held
that these corporations should be allowed
to deduct only part of the interest pay
ments when calculating net income. The
case that had been appealed was that of
the Forty-Two Company. owner of a
building in New York city at 42 Broad
way.
The appeal of creditors of Lathrop,
Haskins & Co. of New York from a de-
cision of the United States Circuit Court
of Appeals of New York, which allowed
a claim Of s1O3 iS5 in favor Of J. NJ. Fiske
& Co., was dismissed by tho Supreme
Court. The suit arose out of a legal con-
troversy as to whether Fiske & Co. should
have indemnfed Lathrop. HaslSins d Co.
for Hooking stock purchased just before
both firms failed. II was n sequence of
-.t.s.
The court entered an order refusing to
set aside the conviction of William l..
Norton ex-president of the American Ma
tional Bank of Bartlesville. Oklahoma, of
misappllcaton of the banks funds.
The court affirmed the decision Of FEEDER
al Courts Of Ohio in refusing to restrain
the Industrial Commission of that State
from enforcing the anti-screen law passed
for the purpose of protecting coal pur-
chasers from impurities and compelling
the coal operators to pay their miners on
the basis Of the Goals weight after being
screened. A test case had been taken
IN the court by the Rail and River Coal
Company. The operators asserted the
law was unconstitutional.
A taxation dispute between officials
of Logan County, Oklahoma, and the
Atchson, Topeka and Santa Fe Rail-
road. with regard to a tax levy assessed
by the Oklahoma State Board of Taxa
ton, was settled by the court in favor
of the railroad.
A verdict OF SOS, 5OO rendered in In
diana courts in favor of the creditors
of the Peoples State Bank of hunting
burg, Ind, and against the United States
Fidelity and Guaranty Company, of
Baltimore. was upheld by the Supreme
Court The verdict was based on an
action to recover on the bond Of Charles
Behrens, eX-cashier OF the bank.
The Supreme Court was requested by
the Government 10 grant an early hear.
ing OF it's suit TO compel the Louisville
and Nashville Railroad to submit its
books to the Interstate Commerce Com
mission for an examination. The Inter
state Commerce Commission Is making
an investigation of the road pursuant
to a resolution of the Senate.