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CAPITAL TAX RULING UPHELD BROKERS; Court Sustained Contention That Their Funds Did Not Compete With National Banks.
Archives|CAPITAL TAX RULING UPHELD BROKERS; Court Sustained Contention That Their Funds Did Not Compete With National Banks.
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The District Judge sustained the contention and dismissed the indictment.
The court of first instance sustained that contention and the State appealed.
Upon full hearing the District Court sustained that contention and dismissed the bill.
The supreme court sustained this contention, reversed the judgments of the court below, and entered judgment for the defendant.
The appellate court of Indiana sustained their contention, held that the trial court was right in instructing the jury to return a verdict for the appellees, and affirmed its judgment.
The Supreme Court sustained this contention, and, holding, upon a careful review of the evidence and of the opinions below, that the commission had been justified in its findings by 'ample testimony' or 'competent evidence,' and that they were not unreasonable, reversed the decree of the Superior Court and reinstated the order of the commission.
Of course, the argument to sustain the contention is that, if the statute embraces cases such as are supposed, it is void as to them, and, if so void, is void in toto.
165, as sustaining their contention.
We think the record does not sustain that contention.
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