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)