U.S. Supreme Court
Reagan v. Mercantile Trust Co., 154 U.S. 413 (1894)
Reagan v. Mercantile Trust Company
Submitted April 13, 1894
Decided May 28, 1894
154 U.S. 413
Reagan v. Farmers' Loan and Trust Co., ante, 154 U. S. 362, affirmed, followed, and applied to the facts in this case.
The fact that the Texas and Pacific Railway Company is a corporation organized under a statute of the United States, receiving therefrom the corporate power to charge and collect tolls and rates for transportation, does not remove that company from the operation of the Act of the Legislature of Texas of April 3, 1891, establishing a railroad commission, as to business done wholly within the state, but such business is subject to the control of the state in all matters of taxation, rates, and other police regulations.
As the case does not present facts requiring it, no opinion is expressed on the power of the commission as to rates on points on the railway outside of Texas.
The case is stated in the opinion. chanroblesvirtualawlibrary