City of Pittsburg v. First National Bank
Supreme Court of Pennsylvania
Error to the District Court of Allegheny county. This was an amicable action of assumpsit between the city of Pittsburg, plaintiff, and The First National Bank of Pittsburg, defendants, commenced December 17th 1864, in which the following case stated was filed.
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Error to the District Court of Allegheny county. This was an amicable action of assumpsit between the city of Pittsburg, plaintiff, and The First National Bank of Pittsburg, defendants, commenced December 17th 1864, in which the following case stated was filed. The First National Bank of Pittsburg was duly incorporated on the 5th day of August 1868, in pursuance of the Act of Congress of February 25th 1863, and immediately commenced, and has ever since continued, to carry on the business of banking at said city. By an Act of Assembly of January 4th 1859, the councils of Pittsburg were…
1Opinion of the Court
The opinion of the court was delivered, November 7th 1867, by
Read, J.
— The revolutionary war and its debt produced the first Bank of the United States. The war of 1812 and its debt produced the second Bank of the United States. And the late rebellion and its debt have produced the present system of national banks spread over the whole country, and controlled and governed by a bureau in the treasury department, the chief officer of which is the comptroller of the currency. The principal object of this plan was to provide a national currency secured by a pledge of United States bonds, and to…
2Cases cited5 opinions
- Weston and Others v. the City Council of CharlestonSupreme Court of the United States · 1829
- Van Allen v. AssessorsSupreme Court of the United States · 1866
- New York Ex Rel. Bank of Commerce v. Commissioners of TaxesSupreme Court of the United States · 1863
- People v. CommissionersSupreme Court of the United States · 1867
- Kinney's Administrator v. LockwoodOhio Supreme Court · 1833
3Cited by3 opinions
- State Ex Rel. Powell v. State BankMontana Supreme Court · 1931
- Mississippi State Tax Commission v. BrownMississippi Supreme Court · 1940
- City of Pittsburgh v. Allegheny Valley BankCommonwealth Court of Pennsylvania · 1978