Summary

Portrait of James Clark McReynolds James Clark McReynolds United States Fidelity Guaranty Company v…

No deposit in any state bank, on which a greater rate of interest is allowed or paid, either directly or indirectly, than is permitted by the rules of the bank commissioner, shall participate in the benefits of the guaranty fund.'
The opinion of the Supreme Court makes no reference to the Act of March 6, 1913, and we can discover no plausible basis for the argument that, notwithstanding such omission, force and effect was really given thereto-that it must have been the basis of the decision.
Source: Wikisource

Portrait of James Clark McReynolds James Clark McReynolds United States Fidelity Guaranty Company v…

The cause is here on writ of error, and jurisdiction of this court is challenged upon the ground that the suit is not one 'where is drawn in question the validity of a treaty or statute of, or an authority exercised under the United States, and the decision is against their validity; or where is drawn in question the validity of a statute of, or an authority exercised under any state, on the ground of their being repugnant to the Constitution, treaties, or laws of the United States, and the decision is in favor of their validity.' Judicial Code (Act March 3, 1911, c. 231) § 237, 36 Stat.
Source: Wikisource

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