PEOPLE EX REL. BANK OF COMMERCE v. COMMISSIONERS OF TAXES


67 U.S. 620 (____)

2 Black 620

THE PEOPLE OF NEW YORK ON THE RELATION OF THE BANK OF COMMERCE v. THE COMMISSIONERS OF TAXES FOR THE CITY AND COUNTY OF NEW YORK.

Supreme Court of United States.


Attorney(s) appearing for the Case

Mr. Lord, of New York, for Plaintiff in Error.

Mr. Develin and Mr. Brady, of New York, for Defendants in Error.


Mr. Justice NELSON.

This is a writ of error to the Court of Appeals of the State of New York.

The question involved in this case is, whether or not the stock of the United States constituting a part or the whole of the capital stock of a bank organized under the banking laws of New York, is subject to State taxation. The capital of the bank is taxed under existing laws in that State upon valuation like the property...

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