New York Court of Appeals
The People Ex Rel. the Manhattan Railway Company, Appellant and Respondent v. Edward P. Barker…
June 11, 1895146 N.Y. 304
Summary
The Court of Appeals reversed the General Term and modified the Special Term, vacating the $17,860,712 assessment of the Manhattan Railway Company's personal property and ordering a new assessment consistent with statutory requirements that capital stock be valued at its actual tangible value, real property be assessed at its actual value, and that appellate courts may not consider admissions not presented in evidence.