Case Name: Strafford National Bank v. Dover
Court: New Hampshire Supreme Court
Jurisdiction: New Hampshire
Decision Date: 1878-06
Citations: 58 N.H. 316
Docket Number: 
Parties: Strafford National Bank v. Dover.
Judges: Foster, J., did not sit.
Reporter: New Hampshire Reports
Volume: 58
Pages: 316–317

Head Matter:
Strafford National Bank v. Dover.
The surplus fund which a national bank is required to reserve from its net profits is not excluded in the valuation of its shares for taxation.
Petition, for abatement of a tax.
Hobbs, for the plaintiffs.
Hall, for the defendants.

Opinion:
Doe, C. J.
The surplus fund which a national bank is required, by IT. S. Gen. St., s. 5199, to reserve from its net profits, is not excluded in the valuation of its shares for taxation. F. N. Bank v. Peter-borough,, 56 N. II. 88; N. Bank v. Com., 9 Wall. 858; People v. Com'rs, 67 N. Y. 516 ; S. 0., 94 U. S. 415.
Petition denied.
Foster, J., did not sit.