Lionberger v. Rouse
Supreme Court of the United States
Error to the Supreme Court of Missouri, the ease being this: Prior to 1857, there had been in Missouri, and there were in the State at that time, several institutions which — under the name, for the most part, of savings banks, loan institutions, saving associations, and the like, though sometimes with the title of banks only — transacted business often known as “banking;” that is to say, which received deposits, lent money, and dealt in exchange; but which had not the…
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Error to the Supreme Court of Missouri, the ease being this: Prior to 1857, there had been in Missouri, and there were in the State at that time, several institutions which — under the name, for the most part, of savings banks, loan institutions, saving associations, and the like, though sometimes with the title of banks only — transacted business often known as “banking;” that is to say, which received deposits, lent money, and dealt in exchange; but which had not the privilege of issuing notes to circulate as money; not, therefore, banks of issue. In the year just named, 1857, the State…
1Opinion of the CourtJustice Davis
This case has received the careful consideration of the court, as well on account of the principle involved, as of the large amount of money dependent on the decision of the suit. '
It is no longer an open question in this court, since the decision in the case of Van Allen v. The Assessors, * that the shareholders in a National bank are subject to State taxation, although the entire capital of the bank be invested in the bonds of the United States, which cannot be taxed by State authority. The difficulties which have arisen since that decision do not relate to the abstract right of taxation,…
2Cited by42 opinions
- Mercantile Bank v. New YorkSupreme Court of the United States · 1887
- Des Moines National Bank v. FairweatherSupreme Court of the United States · 1923
- Tennessee v. WhitworthSupreme Court of the United States · 1886
- Home Savings Bank v. City of Des MoinesSupreme Court of the United States · 1907
- Aberdeen Bank v. Chehalis CountySupreme Court of the United States · 1897
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