United States v. Wilson (106 U.S. 620)/Opinion of the Court

We are not satisfied that the certificates of indebtedness, on account of which the United States have assessed the taxes petitioned for, were calculated or intended to circulate or to be used as money. They were not, therefore, taxable as 'circulation' under the third clause of section 3408 of the Revised Statutes.

The decree dismissing the petition of intervention is affirmed.