First National Bank of Wellington v. Chapman
Supreme Court of the United States
ERROR TO THE SUPREME COURT OF THE STATE OF OHIO. This action was brought to restrain the collection of taxes, through or by means of the bank, by the defendant in error, levied under a statute of Ohio, upon certain individual shareholders in the bank, on the ground, as alleged, that the assessments upon such specified shareholders were illegal, as having been made without regard to the debts of such individual owners, contrary to the case of other moneyed capital in the…
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ERROR TO THE SUPREME COURT OF THE STATE OF OHIO. This action was brought to restrain the collection of taxes, through or by means of the bank, by the defendant in error, levied under a statute of Ohio, upon certain individual shareholders in the bank, on the ground, as alleged, that the assessments upon such specified shareholders were illegal, as having been made without regard to the debts of such individual owners, contrary to the case of other moneyed capital in the hands of individual citizens whose debts were permitted to be deducted from the value of such capital before the assessment…
1Opinion of the Court
Me. Justice Peckham,
after stating the facts, delivered the, opinion of the court.
Complaint is made in behalf of the shareholders of the national bank in question that they are, by means of the sys tem of taxation adopted and enforced in the State of Ohio, subjected to taxation at a greater rate than is imposed upon other moneyed capital in the hands of individual citizens, contrary to section 5219 of the Eevised Statutes of the United States.
The complaint is founded upon the allegation that the owners of what is termed credits in the law of Ohio, (Rev. Stat. § 2730,) are permitted to deduct…
2Cases cited5 opinions
- Mercantile Bank v. New YorkSupreme Court of the United States · 1887
- Aberdeen Bank v. Chehalis CountySupreme Court of the United States · 1897
- Whitbeck v. Mercantile Nat. Bank of ClevelandSupreme Court of the United States · 1888
- First Nat. Bank of Garnett v. AyersSupreme Court of the United States · 1896
- Bank of Commerce v. SeattleSupreme Court of the United States · 1897
3Cited by48 opinions
- First Nat. Bank of Guthrie Center v. AndersonSupreme Court of the United States · 1926
- Merchants' Nat. Bank of Richmond v. RichmondSupreme Court of the United States · 1921
- Missouri Ex Rel. Missouri Insurance v. GehnerSupreme Court of the United States · 1930
- Amoskeag Savings Bank v. PurdySupreme Court of the United States · 1913
- First Nat. Bank of Albuquerque v. AlbrightSupreme Court of the United States · 1908
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