U.S. Supreme Court
Railroad Company v. Rose, 95 U.S. 78 (1877)
Railroad Company v. Rose
95 U.S. 78
A railroad company paid to the holders of its bonds the entire amount of semiannual interest accruing thereon from Jan. 1 to July 1, 1870. Held that the proper internal revenue officer of the United States rightfully assessed against the company a tax of five percent upon the amount so paid.
The facts are stated in the opinion of the Court.