Stanton v. Baltic Mining Co.

• “… it was settled in Stratton's Independence v. Howbert, 231 U.S. 399, 58 L. ed. 285, 34 Sup. Ct. Rep. 136, that such tax is not a tax upon property as such because of its ownership, but a true excise levied on the results of the business of carrying on mining operations. (pp. 413 et seq.)”  Stanton v. Baltic Mining Co., 240 US 103, 114 (1916)