Browsing named entities in The Daily Dispatch: December 18, 1865., [Electronic resource]. You can also browse the collection for Osborn or search for Osborn in all documents.

Your search returned 1 result in 1 document section:

ese moneyed institutions are instrumentalities of the General Government for the execution of its constitutional powers, and are exempt from State taxation upon the principle by which the late Bank of the United States was adjudged to be exempt, does not apply where, as in these cases, the tax, instead of being assessed against the corporation, is against the individual stockholders; that this last position was authoritatively adjudged by the Supreme Court of the United States in the case of Osborn vs. The United States Bank (9 Wheaton, 738); that the stockholders are not exempt from taxation, though the capital of the banks be invested in the securities of the public debt of the United States; that taxes are imposed upon the owners of property in respect of, or on account of, such ownership. Hence, where a certain kind of property is declared by the Constitution or by law to be exempt from taxation, the exemption is conferred upon such owners; but the stockholders are not in a legal