First Nat. Bank of Garnett v. Ayers
Supreme Court of the United States
ERROR TO THE SUPREME COURT OP THE STATE OF KANSAS. This was a writ of error to the Supreme Court of Kansas to review a judgment of that court affirming the judgment of the District Court of Anderson County, which was in favor of the defendants, and for costs against plaintiff.
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ERROR TO THE SUPREME COURT OP THE STATE OF KANSAS. This was a writ of error to the Supreme Court of Kansas to review a judgment of that court affirming the judgment of the District Court of Anderson County, which was in favor of the defendants, and for costs against plaintiff. The action was brought to restrain the defendants from levying upon the property of the plaintiff in error for the purpose of collecting a warrant, issued for the collection of taxes upon the stockholders of the bank on the ground that certain deductions claimed on the part of some of the stockholders from the…
1Opinion of the CourtJustice Peokham
By the decision of the Supreme Court of Kansas, section 6847, General Statutes of that State, defining the word “ credit ” as used in the chapter providing for the assessment and collection of taxes, was held not to include shares of stock in a national or state bank, and the owners of such shares were held to have no right under that statute to deduct. from the assessed value of their shares the amount of their debts. This court is bound by the interpretation given to the Kansas statute by the Supreme Court of that State, People v. Weaver, 100 U. S. 539, 541, and the only question that…
2Cases cited2 opinions
- Mercantile Bank v. New YorkSupreme Court of the United States · 1887
- People v. WeaverSupreme Court of the United States · 1880
3Cited by20 opinions
- Des Moines National Bank v. FairweatherSupreme Court of the United States · 1923
- Clement National Bank v. VermontSupreme Court of the United States · 1913
- First National Bank of Wellington v. ChapmanSupreme Court of the United States · 1899
- First Nat. Bank of Shreveport v. Louisiana Tax Comm'nSupreme Court of the United States · 1933
- Commercial Bank v. ChambersSupreme Court of the United States · 1901
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