Salt Lake Herald | 1897-05-27 | Page 3 | Trying to Evade the Law

Trying t Evade the Law I Frankfort Ky May 26An applica i ton was filed by the Northern Bank of Kentucky with the secretary of state for authority to reduce its capital stock from 1500000 to 900000 This la for the purricse of issuing JSOOOOO certificates I certifi-cates of deposit to stockholders in lieu I of that value In stock By this means J I it is hoped to evade a law taxing bank tock Irrespective of any contract with I I I the tate to the contrary Some other I I banks will try this expedient Other banks stiH will appeal from the appellate appel-late court which has approved the law to the federal courts for relief I