Central National Bank v. United States - 137 U.S. 355 (1890)

U.S. Supreme Court

Central National Bank v. United States, 137 U.S. 355 (1890)

Central National Bank v. United States

No. 90

Argued November 24-25, 1890

Decided December 8, 1890

137 U.S. 355

ERROR TO THE CIRCUIT COURT OF THE UNITED

STATES FOR THE SOUTHERN DISTRICT OF NEW YORK

Syllabus

Under the statute of the New York of April 23, 1866, providing for assessing and taxing stockholders in national banks upon the value of their shares and making it

"the duty of every such bank . . . to retain so much of any dividend or dividends belonging to such stockholder as shall be necessary to pay any taxes assessed in pursuance of such act,"