Eldorado Coal & Mining Co. v. Mager, 255 U.S. 522 (1921)

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Eldorado Coal & Mining Co. v. Mager


No. 609


Argued January 12, 1921
Decided March 28, 1921
255 U.S. 522

ERROR TO THE DISTRICT COURT OF THE UNITED STATES
FOR THE NORTHERN DISTRICT OF ILLINOIS

Syllabus

A mining corporation, upon a sale of its mine and plant in 1917, realized a profit representing an appreciation in their value since March 1, 1913. Held that the increase was taxable as income. P. 526. Merchants’ Loan & Trust Co. v. Smietanka, ante,509.

Affirmed.

The case is stated in the opinion.