James Clark McReynolds

“ Plainly, no state may prohibit national banks from accepting deposits, or directly impair their efficiency in that regard. And we think, under circumstances like those here revealed, a state may not dissolve contracts of deposit even after 20 years and require national banks to pay to it the amounts then due ”

“ Anything beyond this is 'an abuse, because it is the usurpation of power which a single state cannot giv ." Farmers' & Mechanics' National Bank v. Dearing, 91 U.S. 29, 33, 34, 23 L. Ed. 196.
Congressional legislation in respect of national banks—
'has in view the erection of a system extending throughout the country, and independent, so far as powers conferred are concerned, of state legislation, which, if permitted to be applicable, might impose limitations and restrictions as various and as numerous as the states.' Easton v. Iowa, 188 U.S. 220, 229, 23 Sup. Ct. 288, 47 L. Ed. 452. ”