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willing that grants made after the 13th May, if | fully be used, has received the general conany such there were, should be submitted to the courts, and rejected or confirmed, as might be just.

But assuming that the Treaty was concluded on the faith of this declaration, the rights of an individual to his property cannot be affected by it.

The stipulation in the Treaty by which the property of the inhabitants of the ceded territory was secured, conveyed to them no additional rights. 'An article to secure this object, so deservedly held sacred in the view of policy as well as of justice and humanity, is always required and never refused.' Henderson v. Poindexter, 12 Wheat., 536.

'When such an article is submitted to the courts, the inquiry is, whether the land in controversy was the property of the claimant before the Treaty.' United States v. Arredondo,

6 Pet. 712.

If, then, the land in controversy was the private property of the claimant when the country was acquired, it must have remained such, though no Treaty had been made. The United States do not claim to have acquired the ownership of any other property than the public property of the enemy, nor could they justly have demanded that Mexico should assent by treaty to the confiscation of any property the right to which was vested in private individuals. If, then, the United States have been willfully or accidentally deceived, as to the amount 367*] of property held in private ownership *in the ceded territory, they may have a right to demand a return of some portion of the pecuniary equivalent paid by them.

The fraud or mistake of the Mexican Commissioners can have no effect upon a private right held sacred by the laws and usages of all civilized nations, which was not derived from the Treaty, and which, had it been known to exist, the United States would have been bound to respect.

These observations are made with reference to the general proposition maintained at the bar, viz.: that the declaration by Mexico that no grants had been made subsequent to May 13, 1846, invalidated all such grants to the same extent as if a stipulation to that effect had been embodied in the Treaty."

In the brief filed in the case at bar, the court is invited to review the grounds of the foregoing opinion; and the question is discussed by the counsel for the United States with characteristic ingenuity and ability.

The authority chiefly relied on in support of the position taken by the counsel for the United States, is Bynkershoek.

*

*

"We make war," says the author, "because we think that our enemy, by the injury he has done us, has merited the destruction of himself and all his adherents; as this is the object of our warfare, it is immaterial what means we embrace to accomplish it." "A na tion which has injured another, is considered, with everything that belongs to it, as confiscated to the nation that has received the injury. To carry that confiscation into effect, may certainly be the object of the war, if the injured nation thinks proper."

The doctrine here maintained, that in war, poison and every species of fraud may right

demnation of mankind. It may be the censure on Bynkershoek is not wholly deserved, inasmuch as he expresses no approval of those practices, but differs from other writers mainly in distinguishing between the absolute rights of war and those voluntary relinquishments of them which are dictated by humanity and generosity.

*But if it be admitted that humanity, [*368 Christianity, and the usages and rules observed by all civilized nations (which constitute public law), forbid, even in war, the use of certain means, the discussion whether such rights abstractly exist, would seem to be a disputation savoring rather of the subtility of the schools than of that practical sense which seeks to discover and establish the actual rules by which nations in a state of war are governed.

That the rights of war, as deduced by Bynkershoek, from a consideration of its abstract nature, are mitigated by the laws of war is established by the general consent of nations, with respect to the effects of conquest, as well as to the mode of warfare, is proved by the general recognition of the principle that, on the conquest of an enemy's territory, private rights of property are to be protected.

But if a nation which has injured another is to be considered as confiscated, with all that belongs to it, to the nation that has received the injury," this confiscation must extend to private as well as public property.

A declaration of war, undoubtedly, involves the assertion of the right to measure and forcibly to exact an indemnity for the wrong which has occasioned the war.

To seize, to conquer, or to destroy an enemy's goods, his territory or his armed adherents, are but the means of exacting this indemnity.

For

As a matter of theoretical speculation, we may consider the seizure, the conquest, or the destroying, as done by virtue of a previous fictitious or hypothetical confiscation of property, or forfeiture of life, incurred at the date of the declaration of war. But the necessity of such a theory is not very apparent. the right to subdue the enemy being admitted, as a means of obtaining an indemnity for previous wrongs, the supposed constructive confiscation can add nothing to the rightfulness of those acts. It is for this reason said, in the opinion above cited, that "the conquest of an enemy's country admitted to be his, is not the assertion of an antecedent right. It is the assertion of the will and power to wrest it from him." On which the counsel for the United States observes: "Then all governments are highwaymen! *Forcibly to take [*369 without antecedent right is a very good definition of robbery."

The inference is not just. Conquest is, undoubtedly, the assertion of a right, but it is the right to conquer which results from a state of war.

It is not the assertion of a previous right or title to. the territories conquered.

Whether in so doing the belligerent is acting like a highwayman, depends upon the moral justification for the war, an inquiry into which neither neutrals nor the courts of the belligerent can enter.

The hypothesis of an antecedent confiscation, to enforce which the seizure is affected, in no way affects the question. The moral justification of the supposed confiscation has still to be considered-in other words, the justice and rightfulness of the war.

But whatever be the reasonableness or necessity of supposing this theoretic confiscation by belligerents, of everything belonging to the enemy, it is manifest that by the laws of nations the confiscation is waived where territory is. conquered, so far as respects private property; and especially where the conquerer, by the terms of the treaty of cession, has bound himself to respect all rights of private property existing at the date of the conquest.

To repudiate that obligation with respect to any property held in private ownership on the ground that, though private property when the conquest was effected, it was public property ten or twenty or thirty years before, when the war commenced, and that a writer on public law has said, that the declaration of war is a confiscation of all the property of the enemy, and that the conquest was merely carrying into effect the confiscation, would seem an attempt to justify the breach of a plain and positive obligation, which needs but to be stated to be condemned.

The obvious and natural construction of the Treaty is, I think, manifestly the true one, viz.: that all private property bona fide acquired, and held as such by a legal or equitable title obtained under the former government, is to be respected by the belligerent 370*] *to whom by conquest and treaty the rights of sovereignty have been transferred.

I do not think it necessary further to discuss this question. It is enough to say that I have attentively considered all that is urged by way of argument or illustration in the brief filed by the counsel for the United States. I have found nothing to which the answer did not appear to me easy, or which has shaken my confidence in the justness of the views previously entertained by the court.

The question might well have been dismissed without argument; for we have an authoritative decision of the Supreme Court on the point. In the case of The United States v. Pico, 23 How., 326, the court says: "In the Act of Congress of 1851, and the decisions of this court that day (viz.; July 7th, 1846, the date of the capture of Monterey and constructively of the conquest of California) is referred to as the epoch at which the power of the Governor of California, under the authority of Mexico, to alienate the public domain, ceased." As, however, the point then before the court was the determination of the precise date of subversion of the former government, and to decide upon the validity of acts done under Mexican authority after that event-while the validity of acts done previous to it was not questioned, nor does the point raised in this case appear to have been presented to the court -I have thought it not improper to examine at some length the acute and ingenious argument submitted by the counsel for the United States.

I have given to this case much and anxious consideration. The preparation of this opinion has required more labor than even its great length would indicate.

Voluminous as it is, I am, nevertheless, aware that it is in many respects incomplete. To have treated at length every point in the case would have extended it far beyond all reasonable limits.

I cannot conclude my labors on this most important case, without acknowledging the great assistance which the court has [*371 derived from the very able and eminent counsel engaged in it.

Their indefatigable and exhaustive industry has presented to the court every argument, authority and illustration which profound and patient study, not only of the American and English, but of the Mexican and Spanish laws, could suggest; together with every view of the complicated facts in the case, and of their relations to each other, which could assist the court in its study of the mass of depositions which have been taken.

To the court has been left merely the duty of considering the suggestions, and collecting and combining the abundant materials contained in the briefs of counsel.

On the whole case my opinion is:

That the claimants are entitled to seven pertenencias, to be measured in the manner, of the form, and of the dimensions prescribed in the Ordenanzas de Mineria of 1783.

And, also, that they are entitled to two square leagues of land, to be located on the land of their mining possession, but in such a way as not to include any land granted in private ownership, by competent authority, previously to July 7th, 1846.

[Mr. Ch. J. Taney concurred in the foregoing opinion, although he did not sit in this case.]

THE UNITED STATES, Appt.,

v.

JOHN D. GALBRAITH, John Sime, Richard H. Sinton, and David T. Bagley.

(See S. C. 2 Black, 394-407.) Fraudulent papers in Mexican land claims— documentary evidence of title-suspicious claim.

The use of fraudulent papers, by the claimant of a California land claim, in support of the claim, can but excite apprehension and caution.

Of the documentary evidence of title under the

NOTES. Mines, ownership of; U. S. Statute asto. Mines belong to the owner of the soil, whether the government or a private individual. Frémont v. United States, 17 How. 542; U. S. v. Castillero, supra; Ah Hee v. Crippen, 19 Cal. 491: Mining Co. v. Boggs, 3 Wall. 304 14 Cal. 279; U. S. v. Parrott, 1 McAll. 271; Goldhill & M. Co. v. Ish, 5 Oregon, 104.

Where the trustees of a town own an absolute title in the streets, they own the coal under them. Hawesville v. Hawes, 6 Bush, 232.

One person may own the surface and another mines, and different persons may own different strata or minerals under same land. Stewart v. Chadwick. 8 Clarke, 463; Adam v. Briggs Iron Co. 7 Cush. 361 Ryckman v. Gillis, 57 N. Y. 68; 15 Am. Rep. 464. Coal and mineral in place are land. Caldwell v. Fulton, 31 Pa. St. 475; Hartford, etc., Ore Co. v. Miller, 41 Conn. 112.

Proof of title to minerals can be made out by acts of ownership and length of possession. Desloge v. Pearce, 38 Mo. 588; Barnes v. Mawson, 1 M. & S. 77.

The exclusive right to dig all coal is an incorporeal hereditament. Dark v. Johnston, 55 Pa. St. 164.

Mexican Laws, the approval of the Departmental Assembly is next in importance to the grant itself. Where there has been no possession or occupation deserving of notice, and the grant was made, ac cording to its date, only twenty-five days before the United States took possession of the country, and it is admitted that the certificate of approval, of the Departmental Assembly, was fabricated, this court can but mistrust that the espediente, including all the papers relating to the title, were fabricated in the same way and at the same time.

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Argued Feb. 10, 1863. Decided Mar. 10, 1863. remittted for further examination. Since then

APPEAL from the District Court of the much additional evidence has been taken by

United States for the Northern District

of California.

The case is stated by the court.

Messrs. Edward Bates, Atty. Gen., J. S. Black, E. M. Stanton, and Gillet, for appellants.

Messrs. H. P. Hepburn, Britton A. Hill, George Ashmun, and John Sherwood, for appellees.

Mr. Justice Nelson delivered the opinion

of the court:

This is an appeal from a decree of the District Court of the United States for the Northern District of California.

The case presents a California land claim filed before the Board of Commissioners April 29, 1852, by the assignees of Juan N. Padilla, to whom the original grant was made, as alleged, of a tract of land containing five square leagues, June 12, 1846, situate in the Department of Sonoma, and known by the name of

"Balsa de Tomales."

both parties before the district court, which court again affirmed the decree of the commissioners, and the case is now here on an appeal from that decree.

sioners and court below, contained the petition The espediente produced before the commisof Padilla, dated Monterey, 14th of May, 1846, the informé dated at Los Angeles, 20th of May, the certificate of Manuel Castro that the land is vacant and grantable, dated at Monterey, 10 May, and the title in form dated at Los Angeles, 12th June, following, the latter signed by Pio Pico, the Governor, and José Matias Moreno, Secretary. A certificate of the approval of the Departmental Assembly, signed by the same Governor and Secretary, dated at Los Angeles, 14th June, same year, was also filed with the papers, together with the original grant which had been delivered to the petitioner, Padilla. This instrument is dated at Los Angeles, 12th June, 1846, altered to 12th February of the same year.

The genuineness of the signatures of the The claim was confirmed by the Commis- Governor and Secretary to these evidences of sioners, and on appeal by the United States title is proved by several witnesses, and among to the District Court the decree was affirmed. them, by Moreno himself, the Secretary. The Afterwards an appeal was taken to this court, fact upon the proofs cannot well be denied, where the decree of the District Court was re- and if there was nothing else in the case afversed, and the cause remitted to that court tecting the integrity of this title, we could for further testimony. The case will be found concur with the court below in confirming it. reported in the U. S. v. Galbraith, 22 How., 89. But two objections are taken to these papers, This court, after referring to the grounds which, in our judgment, have not been satisof objection to the claim, namely: the unsat-factorily met or explained. The first is, that isfactory proof of any possession or occupation of the tract, the alteration of the date of

Title to the surface and to the minerals once severed, proof of possession of surface, without possession of mineral strata, will not establish title to minerals by adverse possession. Caldwell v. Copeland, 37 Pa. £t. 427; Arnold v. Stevens, 24 Pick. 106.

In the absence of express contract to the contrary, owner of surface is entitled to support of the underlying strata, and owner of mines who does not own the surface also is bound to work them so as leave a support to the surface. Smart v. Morton, 30 Eng. L. & E. 385; Ryckman v. Gillis, 57 N. Y. 68; 15 Am. Rep. 464; Marvin v. Brewster I. M. Co. 55 N. Y. 538; 14 Am. Rep. 322; Coleman v. Chadwick, 80 Pa. St. 81; 21 Am. Rep. 93; Horner v. Watson, 79 Pa. St. 242; 21 Am. Rep. 55.

Under U. S. Statute, mineral deposits belonging to U. S. are open to exploration and purchase, by citizens of U. S. and those who have declared their intention to become such, under regulations prescribed by law and the local customs or rules of mines not inconsistent with U. S. laws. U. S. R. S. $2319.

An alien who has not declared intention to become citizen, cannot hold mine as a locator against citizen who shows title by complying with mining law. Golden Fleece v. Cable Con. M. Co. 12 Nev. 312: Montana Ter. v. Lee, 2 Mont. 124.

No possessory action between persons, in any court of the United States, for the recovery of any mining title, or for damages to any such title. shall be affected by the fact that the paramount title to the land in which such mines lie is in the United States; but each case shall be adjudged by the law

the certificate of approval by the Departmental Assembly is a fabrication. The records of that of possession. U. S. R. S. § 910; Hughes v. Devlin, 23 Cal. 501.

Possession of mineral lands is good against strangers except where held for grazing and entered upon for mining purposes. Lentz v. Victor, 17 Cal. 271; Rupley v. Welch, 23 Cal. 453.

Mines of the precious metals belong to the eminent domain of the political sovereignty. 7 Op. Atty. Gen. 636.

U. S. have not conveyed or dedicated the minerals in public land to individuals or the public. U. S. v. Parrott, 1 McAll. 271.

Public lands containing diamond mines may be acquired under Act of 1872, ch. 152; 14 Op. Atty. Gen. 115.

Under Act of 1866 (14 Stat. at L. 251) the locator of a gold or silver lode, is its owner against everybody except U. S. and has a right to purchase of U. S. simply, like a preemption right. Mining Co. v. Bulion M. Co. 3 Sawyer, 634.

In California, owner of a mining claim and owner of a water right, each hold title, from date of appropriation, where both can be enjoyed without interfering with each other, the enjoyment of both is allowed. Jennison v. Kirk, 98 U. S. (8 Otto), 453.

Relative rights of claimants under rival patents for mining locations in Nevada; how perfected under laws of U. S. and how determined and enforced. Eureka C. M. Co. v. Richmond M. Co. 4 Sawyer, 302; Kinney v. Consolidated Va. M. Co. 4 Sawyer, 382; Mt. Diablo Mill, etc. Co. v. Callison, Sawyer, 439.

Assembly, which are in good condition, prove spect to the title in form in this case as we the fact, and which is admitted in the brief of have in many of these grants. The usual the counsel for the claimants. It was also so memorandum is made at the foot of the grant held by the court below. Now, the signatures by Moreno, the Secretary, as follows: "A of the Governor and Secretary to this certifi- note has been taken of this dispatch of the cate are proved to be genuine with the same Supreme Government in the appropriate book." strength of evidence as they are to the docu- Now, if a note of this grant had been found 403] ment of the formal title. Moreno tes- in the book of records, the toma da razon, as tifies with the same fullness to the signa- it is called, of this date, as is certified by the tures in the one case as in the other. The Secretary, it would have been entitled to great fabrication of this certificate, therefore, is not weight in relieving the title of much of the the work of a stranger or of a party interested, suspicion resting upon it. The counsel for the but of these functionaries themselves. As claimants insist that the proof furnished on their signatures to it are genuine, these per- this point, under the circumstances and condisons are necessarily implicated in the fraud, tion of the country at the time, should be reas the certificate could not have been fabri-garded as equivalent. The Mexican records cated without their participation. There is of these grants, which were at the City of Los no escape from this conclusion. It might have | Angeles in August, 1846, were placed by the been met by proof that their signatures were Governor in the keeping of one Vignes, in forged. This would have relieved them and boxes, a short time before he fled from that the title from much of the suspicion and doubt- place, which was on the 10th of that month. ful character resting upon the title, though not These archives came into the custody of Col. entirely, as the use of fraudulent papers by Frémont, and were carried to Sutter's Fort, the claimant in support of a claim cannot and kept there till 1847, when they were rebut excite apprehension and caution. But no moved to Monterey, and were placed in change attempt was made to prove that these signa- of Mr. Hartnell, who made an index of the tures were forged. On the contrary, every wit- espedientes found among the archives, but ness called and examined in respect to them, not noted in any book. This grant to Padilla testifies to their genuineness and, as we have was found among them, and indexed by Hartseen, Moreno himself, one of them. nell. Now, the argument is, that it must have been among the Mexican archives in the possession of Pico at the time he placed them in the hands of Vignes when he left the City of Los Angeles. This may be so. But, Pico, Moreno, M. Castro and Padilla, whose names are connected with the grant, were at the [*405 City of Los Angeles from the 22d of July till the 10th of August, when they fled, within which time this grant could have been made and placed among the archives, and during which time the Governor had no authority to make any grant. This government was in possession of the country as early as the 7th of July, 1846. It will be seen, therefore, that the fact of finding the espediente among the Mexican grants in the hands of Hartnell affords no evidence that it must have been made at its date. We agree, if it was not connected with the other document of title, an admitted fabrication, committed, if we believe the date, two days after the date of the grant, the above facts would be entitled to consideration. as we have seen, the fabrication of the grant was as practicable by these parties as that of the certificate of approval consistently with the fact of the deposit of the espediente among the archives at Los Angeles before their removal to Sutter's Fort.

This paper was regarded by the public authorities in California as well as by the petitioners for a grant of a portion of the public lands, as very important in the perfection of the title. The grant in form by the Governor, in express terms, is made "subject to the approval of the most excellent Departmental Assembly." Such is the condition annexed, according to the Law of '1824, and the Regulations of 1828. This court has dispensed with the condition in favor of these grants, which were, in all other respects, unobjectionable.

This paper, therefore, thus fabricated by Pico and Moreno while engaged in making the grant of the land in question to Padilla, cannot but connect itself closely with all the other documentary evidence of the title, especially that portion of it to which their names were essential, namely: the grant of the title in form.

Of the documentary evidence of title, under the Mexican laws, the approval of the Departmental Assembly was next in importance to the grant itself. If it must be admitted that these functionaries have been guilty of fabricating one of the documents to which their names are attached in making out the grant, what assurance have we from the mere fact 404* of the "genuineness of their signatures that they have not fabricated the other. Dates of time and place afford no protection, as these can be fixed to the document at the will of the parties. This certificate of approval bears date City of Los Angeles, 14th June, 1846. But these could be fixed to the paper, if fabricated, at any time after it purports to bear date, as well as at the date itself. So as it respects the time and place fixed to the document of the formal title, which purports to have been made at the same place and on the 12th June, 1846. If fabricated, like the certificate of approval, the date or place affords no security of its genuineness. We have no record to detect the fraud, if committed, in re

But,

It is worthy of remark in this connection, that the certificate of approval and the title in form, both came from the hands of the claimants, and of course both had been delivered by the Governor and Secretary to Padilla, the grantee. They were filed before the Board of Commissioners on the 28th March, 1853, and no explanation in respect to the certificate was given or attempted, either before the Board or the court below.

The next objection to the documentary evidence of title is the alteration of the date of the title in form from 12th June, 1846, to the 12th

February preceding, the word February over the word June. The only attempt to explain this alteration is found in the testimony of

Danglada, a witness of the claimants. He testified before the district court, that the papers were delivered to him by Padilla in the month of December, 1850, for the purpose of making a sale of the lands. That at this time they had been mortgaged by Luco, the owner, to Padilla, and both were interested in the sale. The witness acted as the agent of both. On his examination in chief, he testified that the date of the paper was not altered when it came into his hands, nor while | in them, and that the alteration must have been made afterwards. But, on cross-examination, his attention was called to a deed 406*] *executed on the 1st March, 1852, by him, as attorney for others, of this tract, in which is recited the grant by Pico to Padilla as of the date of 12th February, 1846, and he was asked to explain this date, when he was obliged to admit that he might be mistaken. This is all the explanation that has been offered.

The case of the U. S. v. West's Heirs, 22 How., 315, has been referred to as an instance of the confirmation of a Mexican grant which was subject to the imputation of a forgery in the alteration of the title in form. The alteration consisted in enlarging the grant of one and a half leagues to two and a half, "un sitio to dos sitios." The grant was made to West in 1840. He had been in the possession and occupation of the ranch from 1838 till 1849, when he died. Had made extensive improvements in buildings and cultivation; among other improvements a grist-mill and cultivation of two hundred acres of grain and vegetables, besides a stock of 200 horses and 2,000 cattle. The case is not fully reported in 22 How., and the above facts are obtained from the original record. The Attorney-General admitted the grant when made was genuine and honest, and that the only objection to it was the alteration. The papers, after the death of West, came into the possession of the widow, and were necessarily intrusted to other hands for the purpose of procuring a confirmation. There was no evidence tending to prove that the alteration took place while in the hands of West, and taking the admission of the government, that the original grant was genuine and honest, in connection with the possession and improvements, this court concurred with the court below in the confirmation of the league and a half. The features of that case upon the evidence were strikingly different from the present one.

There has been no possession or occupation in this case deserving of notice, in aid of the title, or as evidence of any merit on the part of the grantee. Indeed, the weight of it is decidedly against a possession beyond that in common with the owners of other ranches in the neighborhood. The grant was made, according to its date, only twenty-five days before the United States took possession of the 407*] country. Padilla had a *previous grant of the ranch Roblar de la Miseria, in the same neighborhood, made on the 25th November, 1845, only a few months before the application for the one in question. Some of the witnesses confounded the occupation of this tract for that of the Balsa de Tomales. Another difficulty in the way of yielding our assent to the integrity of this grant is, that as early as the

last of May or the 1st of June, 1846, Padilla was at Sonoma, or in that neighborhood, some five hundred miles from Los Angeles, where this grant purports to have been made. He was at the head of a party of Californians in the disturbances which about that time broke out between them and the American settlers, and was charged with having participated in the murder of two of them. He fled, about the middle of the month, to the south side of the Bay of San Francisco and joined the forces of Castro, the Commander-in-Chief of the Californians; and, according to the evidence of Morena, the Secretary, he came down with Castro and met Governor Pico and party at Santa Marguentta, which was some one hundred and fifty miles below Monterey. Castro and Pico united their forces and passed on to Los Angeles, where they arrived on the 21st or 22d July, and remained till 10th August, when they fled South. It is clear Padilla could not have been at Los Angeles at the time the grant purports to be dated, and ground for strong doubt as to his being at Monterey May 14, at the date of the petition. All the parties to these documents of title, Pico, Moreno, M. Castro and Padilla, where with the forces of Pico and General Castro at Los Angeles during the nineteen or twenty days they remained at that place. It was within their power to have made this grant while thus remaining together; and, as it is admitted that the certificate of approval of the Departmen tal Assembly was fabricated by two of them, we cannot but distrust, upon all the evidence, that the espediente, including all the papers relating to the title, was fabricated in the same way and at the same time.

[Mr. Chief Justice Taney concurred in this opinion although he did not sit in this case.]

*THE PEOPLE OF THE STATE OF [*620 NEW YORK, ex rel. OF THE BANK OF COMMERCE, Plffs. in Err.,

v.

THE COMMISSIONERS OF TAXES AND ASSESSMENTS FOR THE CITY AND COUNTY OF NEW YORK.

(See S. C. 2 Black 620-635.) U. S. stock, when part of capital stock of state bank, not subject to state taxation.

The stock of the United States, constituting a part or the whole of the capital stock of a bank organized under the banking laws of New York, is not subject to state taxation.

It makes no difference that the tax is on the aggregate of the tax payer's property, and the stock is not taxed by name. Federal stock is not subject to the general taxing power of a state.

The tax upon the stocks is regarded as a tax upon the exercise of the power of Congress "to borrow money on the credit of the United States."

If an encroachment on or usurpation of, this power, by a state is permitted, to any extent, the authority of the state to an indefinite limit, even principle involved would carry the exercise of the to the destruction of the power.

If the right to impose a tax at all exists on the part of the state government, "it is a right which in its nature acknowledges no limits."

The attempted exercise of state authority in such cases, is in derogation of the powers granted to the General Government, within which it is supreme. Argued Feb. 27, 1863. Decided Mar. 10, 1863. NOTE. Taration of capital stock of corporations-see note, 58 L. R. A. 513.

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