Mercantile Bank v. New York
Supreme Court of the United States
APPEAL PROM THE CIRCUIT COURT- OP THE UNITED STATES POR THE SOUTHERN DISTRICT OP NEW YORK. The bill in this case was filed by the appellant, an association organized as a national bank, in the city of New York, the object and prayer of which were to restrain the collection of taxes assessed upon its stockholders in respect to their shares therein, on the ground that the taxes assessed and sought to be collected by the defendants were illegal and void under § 5219 of the…
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APPEAL PROM THE CIRCUIT COURT- OP THE UNITED STATES POR THE SOUTHERN DISTRICT OP NEW YORK. The bill in this case was filed by the appellant, an association organized as a national bank, in the city of New York, the object and prayer of which were to restrain the collection of taxes assessed upon its stockholders in respect to their shares therein, on the ground that the taxes assessed and sought to be collected by the defendants were illegal and void under § 5219 of the -Kevised Statutes of the United- States, as being at a greater rate than those assessed under the laws of New York upon…
1Opinion of the Court
Me. Justice ' Matthews,
after stating-the case as above reported, delivered the opinion of the court.
Section 5219 of the Kevised Statutes of the United States is as follows.:
“ Nothing herein shall prevent all the shares in any association from being included in the valuation of the personal property of the owner or holder of such shares in assessing taxes • imposed by authority of the • State within which the association-is located; but the legislature of each state may determine and direct the manner and place of taxing all the shares of national banking associations located within the State,…
2Cases cited15 opinions
- Cummings v. National BankSupreme Court of the United States · 1880
- Van Allen v. AssessorsSupreme Court of the United States · 1866
- Supervisors v. StanleySupreme Court of the United States · 1882
- People v. WeaverSupreme Court of the United States · 1880
- Hoyt v. . the Commissioners of TaxesNew York Court of Appeals · 1861
10 more not listed; retrieve them via the Exa API.
3Cited by215 opinions
- Pollock v. Farmers' Loan & Trust Co.Supreme Court of the United States · 1895
- Graves v. New York Ex Rel. O'KeefeSupreme Court of the United States · 1939
- Willcutts v. BunnSupreme Court of the United States · 1931
- Plummer v. ColerSupreme Court of the United States · 1900
- Owensboro National Bank v. OwensboroSupreme Court of the United States · 1899
210 more not listed; retrieve them via the Exa API.