The surplus fund which a national bank is required, by IT. S. Gen. St., s. 5199, to reserve from its net profits, is not excluded in the valuation of its shares for taxation. F. N. Bank v. Peter-borough,, 56 N. II. 88; N. Bank v. Com., 9 Wall. 858; People v. Com’rs, 67 N. Y. 516 ; S. 0., 94 U. S. 415.

Petition denied.