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FARMERS', ETC. NAT. BANK v. DEARING

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91 U.S. 29 (1875)

23 L.Ed. 196

FARMERS' AND MECHANICS' NATIONAL BANK, v. DEARING.

Supreme Court of United States.

October 25, 1875.

Attorney(s) appearing for the Case

Mr. E.G. Spaulding for the plaintiff in error.

Mr. Thad. C. Davis for the defendant in error.

MR. JUSTICE SWAYNE delivered the opinion of the court.

The question presented for our determination involves the construction of the provisions of the national bank act of Congress of the 3d of June, 1864, 13 Stat. 99, upon the subject of the interest to be taken by the institutions organized under that act.

The plaintiff in error is one of those institutions. The thirtieth section of the act declares "that every association may take, receive, reserve, and...

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