New York Court of Appeals January 9, 1900 (People Ex Rel. Cornell Steamboat Co. v. Dederick)

Haight, J.

The Cornell Steamboat Company is a domestic corporation engaged in the business of towing vessels upon the Hudson river and adjacent navigable waters, and having its office in the city of Kingston. In the year 1898 the assessor for that city assessed the relator for personal property the sum of $250,000 in addition to its real estate.