UNITED STATES SUPREME COURT DECISIONS ON-LINE

It has been repeatedly settled by this Court that the Comptroller of the Currency has power to appoint a receiver to a defaulting or insolvent national bank, and to call for a ratable assessment upon the stockholders of such bank, without a previous judicial ascertainment of the necessity for such action, and the contention that there is presented in this case a constitutional question not considered in the prior cases is an assumption with no foundation in fact.

The case is stated in the opinion.