Bradley v. People
Supreme Court of the United States
This was a writ of error to the Supreme Court of Illinois. The case came before that eoui't on an appeal from a decision of the Board of Supervisors of the County of Peoria, by which they had refused to assess a state and county tax on the shares of Bradley and Ilowell in the First and Second National Banks of Peoria. The appeal was taken by the auditor of public accounts, in behalf of the State. The Supreme.
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This was a writ of error to the Supreme Court of Illinois. The case came before that eoui't on an appeal from a decision of the Board of Supervisors of the County of Peoria, by which they had refused to assess a state and county tax on the shares of Bradley and Ilowell in the First and Second National Banks of Peoria. The appeal was taken by the auditor of public accounts, in behalf of the State. The Supreme. Court reversed this decision of the board, and held the shareholders liable to the tax. The ground of exemption relied on, both before the supervisors and the Supreme Court, was want of…
1Opinion of the CourtJustice Nelson
The question raised in this case came before us in the case of Van Allen v. The Assessors,‡ from New York, where the statute taxing the State banks was substantially like that of Illinois. We there held the tax unauthorized for the defect stated.
It was in that case attempted to be sustained on the same ground relied on here, that the tax on the capital was equivalent to tax on the shares, as respected the shareholders. But the position was answered that, admitting it to be so, yet, inasmuch as the capital of the State banks may consist of the bonds of the United States, which were exempt from…
2Cited by1 opinion
- Bradley v. The PeopleSupreme Court of the United States · 1867