The Mercantile National Bank of the City of New York, Appellant v. the Mayor, Aldermen and Commonalty of the City…

Summary

The Court of Appeals affirmed the lower court's dismissal of the Mercantile National Bank's injunction suit, holding that equity cannot restrain the collection of a tax where the grievance does not involve fraud, illegal discrimination, or a statutory classification, and where the statutory remedies for assessment disputes are limited to illegal assessments or overvaluation.