limiting the rates
of the latter, is no barrier to enforcement of an order of the
Interstate Commerce Commission requiring an increase in local rates to
remove a discrimination against interstate commerce.[48] An order of the
Federal Power Commission prescribing the methods of keeping the accounts
of an electric company was sustained over the objection that it violated
the reserved right of the States under the Tenth Amendment.[49] A
similar objection to the levy of a special surtax on any corporation
formed or availed of to prevent the imposition of a surtax upon its
shareholders was rejected, since the taxing statute did not limit in any
way the power of the corporations to declare or withhold dividends as
permitted by State law.[50] Likewise, the Court held that the failure to
allow a credit against the undistributed profits tax for earnings which
could not be distributed under State law did not infringe the reserved
power of the State over its corporate offspring.[51]

Notes

[1] United States _v._ Sprague, 282 U.S. 716, 733 (1931).

[2] II Annals of Congress 1897 (1791).

[3] 4 Wheat. 316 (1819).

[4] Ibid. 372.

[5] Ibid. 406.

[6] 11 Wall. 113 (1871).

[7] Ibid. 124.

[8] Graves _v._ O'Keefe, 306 U.S. 466 (1939).

[9] 326 U.S. 572 (1946).

[10] Ibid. 589.

[11] Ibid. 584.

[12] Ibid. 595.

[13] United States _v._ Dewitt, 9 Wall. 41 (1870).

[14] Ibid. 44.

[15] 207 U.S. 463 (1908). _See also_ Keller _v._ United States, 213 U.S.
138 (1909).

[16] 247 U.S. 251 (1918).

[17] 312 U.S. 100, 116, 117 (1941).

[18] Bailey _v._ Drexel Furniture Co., 259 U.S. 20, 36, 38 (1922).

[19] Hill _v._ Wallace, 259 U.S. 44 (1922). _See also_ Trusler _v._
Crooks, 269 U.S. 475 (1926).

[20] Carter _v._ Carter Coal Co., 298 U.S. 238 (1936).

[21] United States _v._ Butler, 297 U.S. 1 (1936).

[22] 295 U.S. 495 (1935).

[23] Ibid. 529.

[24] Steward Machine Co. _v._ Davis, 301 U.S. 548 (1937); Helvering _v._
Davis, 301 U.S. 619 (1937).

[25] National Labor Relations Board _v._ Jones & Laughlin Steel Corp.,
301 U.S. 1 (1937).

[26] 312 U.S. 100 (1941). _See also_ United States _v._ Carolene
Products Co., 304 U.S. 144, 147 (1938); Case _v._ Bowles, 327 U.S. 92,
101 (1946).

[27] 312 U.S. 100, 114, 123, 124 (1941). _See also_ Fernandez _v._
Wiener, 326 U.S. 340, 362 (1945).

[28] 251 U.S. 146 (1919).

[29] Ibid. 156.

[30] Champion _v._ Ames, 188 U.S. 321 (1903).

[31] Hoke _v._ United S