George Sutherland, Posadas v. National City Bank of New York…
“ In the Domenech Case we held that the national-banking laws extended to Puerto Rico; that a tax on a branch of a national bank is a tax on the bank; and that Puerto Rico, being a dependency of the United States, could not, except as permitted by R.S. § 5219, tax a national bank, since it is an agency of the United States. ”
George Sutherland, Posadas v. National City Bank of New York…
“ Justice Strong, it is said, 'But it must be observed that the doctrine (of the Tynen Case) asserts no more than that the former statute is impliedly repealed, so far as the provisions of the subsequent statute are repugnant to it, or so far as the latter statute, making new provisions, is plainly intended as a substitute for it. Where the powers or directions under several acts are such as may well subsist together, an implication of repeal cannot be allowed.' (Italics are in the original.) ”
George Sutherland, Posadas v. National City Bank of New York…
“ The only substantial change made in the old section 25 is the addition of a provision authorizing a national-banking association to invest in the stock of other banks and corporations chartered or incorporated under the laws of the United States or of any state engaged in international or foreign banking, or banking in dependencies or insular possessions of the United States ”
