Bank of Bethel v. Pahquioque Bank
Supreme Court of the United States
In error to the Supreme Court of Connecticut; the case being thus: On the 3d of June, 1864, Congress passed its well-known “act to provide a National currency, secured by a pledge of United States bonds;”* under which act numerous new banks were organized, and numerous State ones, availing themselves of power .given by the act; were converted into National ones, and like those first created by the act placed under the control of the laws and officers of the United States,…
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In error to the Supreme Court of Connecticut; the case being thus: On the 3d of June, 1864, Congress passed its well-known “act to provide a National currency, secured by a pledge of United States bonds;”* under which act numerous new banks were organized, and numerous State ones, availing themselves of power .given by the act; were converted into National ones, and like those first created by the act placed under the control of the laws and officers of the United States, including specially a Comptroller of the Currency, under whose directions a limited amount of notes were to be given to…
1Opinion of the CourtJustice Clifford
Associations for banking, formed pursuant to the act to’ provide a National currency, and duly authorized by the Comptroller of the Currency to commence the business of banking, become bodies corporate and have a succession for the period of twenty years from their organization, unless sooner dissolved according to the provisions of their articles of association, or by the act of the shareholders owning two-thirds of the stock, or unless the franchise shall be forfeited by a violation of the act under which the assoeiation was formed. Such an association is allowed to select, subject to…
2Cited by111 opinions
- National Bank v. Insurance Co.Supreme Court of the United States · 1881
- Mercantile Nat. Bank at Dallas v. LangdeauSupreme Court of the United States · 1963
- Coit Independence Joint Venture v. Federal Savings & Loan InsuranceSupreme Court of the United States · 1989
- First Nat. Bank of Charlotte v. MorganSupreme Court of the United States · 1889
- Ames v. American National BankSupreme Court of Virginia · 1934
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