Charles Evans Hughes

“ Congress has not only the power to create a corporation to facilitate the performance of governmental functions, but has the power to protect the operations thus validly authorized. 'A power to create implies a power to preserve'. ”

“ The Maryland statute imposes a tax upon every mortgage, recorded or offered for record, at the rate of 10 cents for each $100, or fraction thereof, of the principal amount of the debt secured by the mortgage. [1] As the Home Owners' Loan Corporation is expressly declared to be an instrumentality of the United States, Home Owners' Loan Act of 1933, c. ”

“ The exercise of this protective power in relation to state taxation has many illustrations. See, e.g., Bank of New York v. Supervisors of New York County, 7 Wall. 26, 31, 19 L.Ed. 60; Choate v. Trapp, 224 U.S. 665, 668, 669, 32 S.Ct. ”