Rufus Wheeler Peckham

“ The single fact that the statute of Kansas permits some debts to be deducted from some moneyed capital, but not from that which is invested in the shares of national banks, is not sufficient to show such violation. ”

“ There is no proof in the case as to the proportion which credits, from which such debts may be deducted, bear to the whole amount of the credits owned in the state, nor is there any proof as to what proportion the entire credits owned in the state bear to other moneyed capital owned therein. Debts owing to any person, company, or corporation as depositors in any bank or banking association, or with any person or firm engaged in the business of banking in Kansas or elsewhere, cannot be deducted ”

“ It is thus seen that there is a very large and important class of what is termed 'moneyed capital' from which no deductions are permitted on account of debts. The statute treats shares of stock in a national bank upon a perfect equality and in the same way as shares of stock in a state bank for the purpose of assessment and taxation. ”