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Show Hunkers' tirievauees. New York, 14 The bankers' convention con-vention resumed itsecs'Jou tliia morning. morn-ing. A resolution pledging the banking interests to aid the government govern-ment in its efforts to restore a specie basis was referred to the executive council, as was also another giving it as the opinion of the convention that it was advisable for the federal government gov-ernment to exercise surveillance over the Barings banks, loan and trust companies and fire, marine and lite insurance companies. Cbanning P. Williams of Albany, read a long paper on the taxation of banks, holding that the tax was entirely en-tirely illegal, and also collected without with-out any authoiity of law. Hon. K. Thurmau of Troy, N.Y., read a remarkably concise and able paper on bank taxation, commanding the clofiost attention ol the bankers and publicists present. Mr. Thur-man Thur-man look hia own city for illustration and showed that the estate is asseessd at one third of its actual value, aud that banks are assessed at more than two thirds of their market value. In addition to state and local taxation, tlie United States levies a tax of hall of 1 per cent, on deposits, half of 1 per cent, on capital not invented in United States bonds, and 1 percent, on circulation. All real estate and other personal property are exempt from United States taxation. '1 be lax on deposits is especially unjust. un-just. A man comes into a bank and deposits $1,000, and before noon next day has checked it all out. Fifty I men call and do the same. The bank bank ia then taxed by the United Stales for doing a business from which it baa not received one cent ol I profit. |