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" Deciding, as we do, that these institutions have been created by Congress within the exercise of its legitimate authority, we think the power to make the securities here involved tax exempt necessarily follows. This principle was settled in McCulloch... "
The Home Owners' Loan Corporation: Opinion of Hon. Homer S. Cummings ... - Page 6
de United States. Department of Justice, United States. Attorney-General - 1933 - 6 pages
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Cases Decided in the United States Court of Claims, Volume 107

United States. Court of Claims - 1947
...carry on additional activities, destroyed the authority of Congress to create those institutions. * * * Deciding, as we do, that these institutions have been...principle was settled in McCulloch v. Maryland, and Osborn v. Bank, supra. 540 Opinion of the Court That the Federal Government can, if it sees fit to...
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The Federal Farm-loan System in Operation

Arne Clarence Wiprud - 1921 - 280 pages
...purposes named and in that brief they say: "Tax exemption is the real issue sought to be settled here." Deciding, as we do, that these institutions have been...principle was settled in McCulloch v. Maryland, and Osborn v. Bank, supra. That the Federal Government can, if it sees fit to do so, exempt such securities...
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United States Reports: Cases Adjudged in the Supreme Court, Volume 255

United States. Supreme Court - 1921
...sought to be settled here." Deciding, as we do, that these instituOpinion of the Court. 255 U. 8. tions have been created by Congress within the exercise...principle was settled in McCulloch v. Maryland, and Osborn v. Bank, supra. That the Federal Government can, if it sees fit to do so, exempt such securities...
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Cases Argued and Adjudged in the Supreme Court of the United States, Volume 255

United States. Supreme Court - 1921
...sought to be settled here." Deciding, as we do, that these instituOpinion of the Court. 255 U. 8. tions have been created by Congress within the exercise...necessarily follows. This principle was settled in McCvlloch v. Maryland, and Osborn v. Bank, supra. That the Federal Government can, if it sees fit to...
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Supreme Court Reporter, Volume 41

United States. Supreme Court - 1922
...that brief they say: "Tax exemption is the real issue sought to be settled here." Deciding, •212 as we do, that these institutions have been created...principle was settled in McCulloch v. Maryland, and Osborn v. Bank, supra. That the federal government can, if it banking powers of a limited character,...
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Farm Mortgage Financing

Ivan Wright - 1923 - 343 pages
...purposes named and in that brief they say: Tax exemption is the real issue sought to be settled here. Deciding, as we do, that these institutions have been...think the power to make the securities here involved tax-exempt necessarily follows. This principle was settled in McCulloch vs Maryland. That the Federal...
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United States Supreme Court Reports, Volume 65 ;Volumes 254 à 256

United States. Supreme Court - 1922
...exemption is the real issue sought to be settled here." Deciding, as we do, that these institutions [212] have been created by Congress within the exercise...necessarily follows. This principle was settled "in M'Culloch v. Maryland, 4 Wheat. 316, 4 L. ed. 579, and Osborn v. Bank of United States, 9 Wheat. 738,...
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The American economic review, Volume 11

1921
...federal taxation could not be sustained, naturally fell to the ground. In this connection the court said: Deciding as we do, that these institutions have been...principle was settled in McCulloch v. Maryland, and Osborn v. Bank, supra. There remained only the argument that even though farm loan bonds were legally...
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