Bank v. Supervisors
Supreme Court of the United States
This ease — brought here by the Bank of New'York — differed from the preceding in two particulars: (1) That the board of supervisors, which in the other cases allowed and audited the’ claims of the banking associations, refused to pillow the claim made in this ease; and (2) That the exemption from State taxa-' tion claimed in this case, was of United .States notes, declared by act of Congress to be a legal tender for all debts, public and. private, except duties on imports…
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This ease — brought here by the Bank of New'York — differed from the preceding in two particulars: (1) That the board of supervisors, which in the other cases allowed and audited the’ claims of the banking associations, refused to pillow the claim made in this ease; and (2) That the exemption from State taxa-' tion claimed in this case, was of United .States notes, declared by act of Congress to be a legal tender for all debts, public and. private, except duties on imports and interest on the public debt, while in the other cases it was of certificates of indebted-ness. These United States…
1Opinion of the Court
The CHIEF JUSTICE
delivered the opinion.of the court.
The general question requiring consideration is whether United States notes eome under another rule in respect of taxation than that which applies to certificates of indebtedness.
The issues of United States notes were authorized by three successive acts. The first was the act of February 25, 1862; † the second, the act of July 11, 1862; ‡ and the third, that of March 3, 1863. §
Before either of these acts received .the sanction of Congress the Secretary of the Treasury'had been authorized. by the ac$ of July 17, 1861, ǁ to issue treasury…
2Cited by29 opinions
- Graves v. New York Ex Rel. O'KeefeSupreme Court of the United States · 1939
- Helvering v. GerhardtSupreme Court of the United States · 1938
- Pittman v. Home Owners' Loan Corp.Supreme Court of the United States · 1939
- American Bank & Trust Co. v. Dallas CountySupreme Court of the United States · 1983
- Smith v. DavisSupreme Court of the United States · 1944
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