United States v. Central Pacific R. Co.
138 U.S. 84 (1891)

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U.S. Supreme Court

United States v. Central Pacific R. Co., 138 U.S. 84 (1891)

United States v. Central Pacific Railroad Company

No. 758

Argued November 21-22, 1890

Decided January 28, 1891

138 U.S. 84

Syllabus

Since the passage of the Act of May 7, 1878, 26 Stat. 58, c. 96, § 1, the sums expended by the Central Pacific Railroad for betterments and improvements on its road, its buildings and equipments, whereby the capital of the Company invested in its works is increased in permanent value, are not to be regarded as part of its current expenses to be deducted from its gross receipts in reaching and determining the amount of the net earnings upon which a percentage is to be paid to the United States.

The case of Union Pacific Railroad Co. v. United States,99 U. S. 402, distinguished from this case.

The case is stated in the opinion.

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