...and penalties as if section thirty-eight continued in force and effect: And provided further, That his application; the area thereof; of business, equivalent to 1 per centum upon their entire net income, shall be levied, assessed, and...

...penalties as if section thirtyeight continued in full force and effect: And provided further, That a special excise tax with respect to the carrying on or doing of business, equivalent to 1 per centum upon their entire net Income, shall be levied, assessed, and...

...association, organized for profit and having a capital stock represented by shares * • * shall be subject to pay annually a special excise tax with respect...such corporation, joint stock company or association, * * » equivalent to one per centum upon the entire net income over and above five thousand dollars...

...power is entitled to much weight, and in this statute the intention is expressly declared to impose a special excise tax with respect to the carrying...corporation, joint stock company or association, or company. It is therefore apparent, giving all the words of the statute effect, that the tax is imposed...

...by shares . . . organized under the laws of the United States or of any state . . . shall be subject to pay annually a special excise tax with respect...carrying on or doing business by such corporation." New York. A tax to be computed on the gross earnings in the state of a railroad, "as a tax upon its...

...every corporation "engaged in business" in any state, and the tax authorized is defined in the act as "a special excise tax with respect to the carrying on or doing business by such corporation." But the Morris & Essex Railroad Company claims that it was not subject to the tax for the reason that...

.... . . organized for profit and having a capital stock represented by shares . . . shall be subject to pay annually a special excise tax with respect to the carrying on or doing and properties, including all charges euch as rentals or franchise payments, required to be made as...

...for profit under the laws of any foreign country and engaged in business in the United States shall pay annually a special excise tax with respect to the carrying on or doing business in the United States by such corporation, joint-stock company or association, or insurance company,...

...6300-6307), providing that every corporation organized for profit and engaged in business shall be subject to a special excise tax with respect to the carrying on or doing business by it, equivalent to 1 per cent, upon its entire net income over and above $5,000 from all sources, as...

...corporation * * * organized for profit * * * and engaged in business in any state * * * shall be subject to pay annually a special excise tax with respect...carrying on or doing business by such corporation. * * * " Comp. St. 1913, § 6300. It has been repeatedly held by the Supreme Court of the United States,...