posadas
national
city
bank
new
york
argued
decided
january
wm
cattron
rigby
washington
petitioner
carl
mead
harry
forbes
new
york
city
respondent
justice
sutherland
delivered
opinion
national
city
bank
new
york
organized
national
banking
act
amended
time
time
since
enactment
bank
complying
requirements
section
federal
reserve
act
december
stat
amended
september
stat
infra
established
branches
manila
cebu
philippine
islands
tax
levied
paid
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government
net
income
branches
first
six
months
year
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controversy
philippine
government
however
addition
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capital
deposit
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paid
bank
protest
action
brought
first
instance
manila
recover
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gave
judgment
favor
bank
part
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taxes
philippine
upon
appeal
reversed
judgment
far
bank
ordered
refund
entire
amount
section
federal
reserve
act
supra
reproduced
margin
far
pertinent
authorizes
establishment
branches
associations
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dependencies
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viewing
section
without
regard
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legislation
branches
question
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established
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later
point
opinion
philippine
islands
included
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view
matter
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imposed
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government
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national
city
bank
talbott
silver
bow
county
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legislation
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examine
moment
case
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detail
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authority
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rico
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branch
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dependency
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find
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early
statutes
relating
philippines
referred
petitioner
take
islands
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case
may
tax
sovereign
come
remaining
point
deem
necessary
discuss
petitioner
contends
subsequent
legislation
effect
repealing
abrogating
section
act
permitting
establishment
national
bank
branches
far
philippine
islands
concerned
later
legislation
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provisions
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act
philippine
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august
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act
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supra
amending
designated
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original
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reserve
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national
banks
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laws
course
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effect
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clear
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reserve
act
conflict
provision
organic
act
continued
full
force
effect
september
nine
days
passage
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amend
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reserve
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passed
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purport
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reenact
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old
act
contains
thirty
sections
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amends
sections
subsection
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second
paragraph
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sections
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reserve
act
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revised
statutes
introductory
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change
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term
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possessions
event
philippine
islands
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bear
lake
irrigation
garland
petitioner
relies
murdock
memphis
wall
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quoted
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dallmann
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moore
mausert
et
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people
new
york
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authorities
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reserve
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history
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old
section
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reserve
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amendment
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form
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repeating
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form
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specific
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law
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chief
judge
denio
said
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holton
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effect
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original
section
except
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preserving
harmonious
text
future
editions
shall
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scattered
members
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follows
parts
original
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copied
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thereby
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continued
uninterruptedly
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precisely
section
organic
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terms
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affirmed
footnotes
section
revised
statutes
amended
ed
provides
legislature
state
may
tax
said
shares
include
dividends
derived
therefrom
taxable
income
owner
holder
thereof
tax
associations
net
income
according
measured
net
income
provided
certain
specified
conditions
complied
national
banking
association
possessing
capital
surplus
may
file
application
federal
reserve
board
upon
conditions
regulations
may
prescribed
said
board
purpose
securing
authority
establish
branches
foreign
countries
dependencies
furtherance
foreign
commerce
act
required
fiscal
agents
application
shall
specify
addition
name
capital
banking
association
filing
place
places
banking
operations
proposed
carried
amount
capital
set
aside
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foreign
business
federal
reserve
board
shall
power
approve
reject
application
judgment
amount
capital
proposed
set
aside
conduct
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business
inadequate
reasons
granting
application
deemed
inexpedient
stat