Edward Douglass White

“ The appellant, a banking corporation organized under the national banking act, and whose charter was renewed on August 6, 1894, for a period of 20 years, filed its bill to enjoin the assessment of certain taxes for the years 1895, 1896, and 1897. ”

“ The bill specifically alleged that the decree thus rendered by the court of appeals of the state of Kentucky constituted the thing adjudged, and, by the presumption arising therefrom, established beyond power of contradiction the existence of the irrevocable contract right. In addition, the bill alleged that the taxes in question were illegal, because they were imposed on the franchise and property of the bank, in violation of the act of congress with reference to the taxation of national banks by the respective states. ”