UNITED STATES SUPREME COURT DECISIONS ON-LINE

The doctrine announced in Tracker v. Ferguson, 22 Wall. 527, that an act of the legislature of a state exempting property of a railroad company from taxation is not, when a mere gratuity on the part of the state, a contract to continue such exemption, but is always subject to modification and repeal in like manner as other legislation, reaffirmed and applied to this case.