Salt Lake Tribune | 1900-04-11 | Page 4 | Local News

The Stale Supremo court decision rendered yesterday Is of very great interest in-terest and Importance to all holdersof stocks In banking associations It layrt down the law ns to the distinction between be-tween stocks and credits and shows clearly the legal 1 deductions that maybe may-be made from the cash value of each In making assessments and levying taxes From time capital stock may be do ducted real I estate already assessed In this State but none outside the State the banks debits may be deducted from tho t banks credits but m nol the debts of L Individual I shareholders either t losldenl or nonresident A full summary sum-mary of the opinion appears In this mornings Tribune and it Is I well worth general I attention I lhe opinion is forcible forci-ble and clear