United States v. Bank of Montreal

This is a suit to recover internal revenue taxes *237claimed to be due from defendant on tlie capital employed by defendant in the business of banking from tho first of November, 1871, to the first of December, 1879. The defendant is a corporation created and existing under the law's of tho dominion of Canada, having its principal placo of business in the city of Montreal. Its chartered capital is $12,000,000, fully paid up, and it has a reserved fund of $5,000,000, and average deposits of about $17,000,000. On the first of November, 1871, it established a branch or agency in the city of…