UNITED STATES SUPREME COURT DECISIONS ON-LINE

The plaintiff had a place of business, indicated by a sign over the door, where his mail matter was received and where he could be met by his clients, and where the latter could deliver to him stocks to be sold by him or under his supervision, and he was engaged there in the business of buying and selling stocks for his customers, in which business he regularly employed capital, by the use of which interest was earned upon moneys advanced by him for his customers. Held that he was a "banker" within the meaning of that term as used in Rev.Stat. § 3407, and subject to taxation as such under the provisions of § 3408.

The case is stated in the opinion.