Craft v. Tuttle

This case presents only a single question. It is whether a stockholder in a national bank can be taxed by the city of Indianapolis for municipal purposes upon his shares of stock. The general doctrine relating to the subject of taxation upon shares in that class of banks was considered in Wright v. Stilz, post, p. 338, and need not now be repeated. The fifteenth section of the charter of the Bank of the State of Indiana is as follows:

“The capital stock of said bank shall be subject to the same rate of taxation for state and county purposes as the property or stock of other monied…