Legal Opinion

Board of Trade of Chicago v. Olsen

Supreme Court of the United States

Decided April 16, 1923No. 701PublishedCited by 221 opinions

1Opinion of the CourtChief Justice Taft

Appellants contend that the decision of this Court in Hill v. Wallace, 259 U. S. 44, is conclusive against the constitutionality of the Grain Futures Act. Indeed in their bill they, pleaded the judgment in that case as res judicata in this, as to its invalidity. The act whose constitutionality was in question in Hill v. Wallace was the Future Trading Act (c. 86, 42 Stat. 187). It was an effort by Congress, through taxing at a prohibitive rate sales of 'grain, for future delivery, to regulate such sales on boards of trade by exempting them from the tax if they would comply with the…

2Cases cited14 opinions

  1. Munn v. IllinoisSupreme Court of the United States · 1877
  2. Board of Trade of Chicago v. United StatesSupreme Court of the United States · 1918
  3. Swift & Co. v. United StatesSupreme Court of the United States · 1905
  4. Stafford v. WallaceSupreme Court of the United States · 1922
  5. Hill v. WallaceSupreme Court of the United States · 1922

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3Cited by221 opinions

  1. National Labor Relations Board v. Jones & Laughlin Steel Corp.Supreme Court of the United States · 1937
  2. Nebbia v. New YorkSupreme Court of the United States · 1934
  3. A. L. A. Schechter Poultry Corp. v. United StatesSupreme Court of the United States · 1935
  4. Wickard v. FilburnSupreme Court of the United States · 1942
  5. United States v. DarbySupreme Court of the United States · 1941

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