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Show KICKING BANKERS Have Their Hearing Today Before the Board of Equalization. The hearing of the banks before the board of equalization yesterday created considerable consider-able interest, as was evidenced by the number num-ber of people present to hear the proceedings. proceed-ings. The case of the Zion's Savings Bank and Trust company was the first of these cases taken up, and it was disposed of in short order.' The point which the institution raised was that the last lcirislature passed an act exempting from taxation moneys lent out on mortgages. This was held by the court to be the case, and the abatement was made, the amount of tax being reduced from 3(0 to 1152. The hearing of the other cases was continued, con-tinued, until 10 o'clock this morning, and the crowd of spectators was even larger than yesterday. The bankers were represented by J. O. Sutherland and Kawlins iz Critehlow, while Walter Murphy had charge of the case for the county. The points claimed are the same as made by .Zion's Savings., liaak. and. 'Trust compauy, iiihu uioneyioaner.'ai- mee t gage is exempt from taxation. There is, however, a congressional law which prohibits prohib-its national banks from loaning money on real estate security, while there is no legal prohibition of that kind azainat savings banks. The plaintiff's counsel claim that there is as much capital exempted by that law as isinvested in all the national banks in the territory, and maintain that such conditions con-ditions are unjust and injurious to them. The -case was argued at considerable length on both sides, but this afternoon the board decided to deny the bankers' claim. An order was also made to reconsider the case of the Ziou's Savings Bank and Trust Company, which was decided yesterday in favor of the corporation. What action the bankers will take in the matter now is not definitely known, but it is expected that they will carry the matter to the courts aud tight it out there. |