Show no 1 Iiiiiioriiinl tlJ lIsle Ito Suit btnActsr N Y July J7 Vrtninent was heard here tnotay by Jndgo allace of the I i United States Court ou n mat al for thoR prcllminar I ilanction i i mado by lime Ihlrlv R t11i rl IV llvo National Hinks CI the City of New York I to restrain time collection of taxes imposed upon bank shares for the year 1880 pending I tIne henna t Butte for rl mmenmnnntotlmmlamnctioms j Tho suits involve the constitutionality of tho entire system of State taxation of shares of National linnks and mo considered tile most important ever presented to Court on that subject lIme main point urted 103 the banks is that the State law violates the irovlsions of Section r Jlu of the revised statutes of Ibo United Htntcs which forbids tho tixation of tho shares of National Danks bv tho several States nt a greater rate than other forms of monicd cipitnl in time hands of individuals thereof |