Morrison Waite

“ Thus the federal and state courts had concurrent jurisdiction for suits brought by or against national banks, and a suit of that character begun in a state court could be removed by either party to a circuit court of the United States, if the value of the matter in dispute exceeded $500, because, as a national bank is a federal corporation, a suit by or against it is necessarily a suit arising under the laws of the United States. ”

“ This motion was granted October 22d, because section 4 of the act of July 12, 1882, had taken away from national banks the right of removing suits under the act of 1875, on the ground of their being federal corporations. ”