Salt Lake Tribune | 1919-03-02 | Page 35 | First Tax Payment to Total $1,000,000,000

FIRST TAX PAYMENT TO TOTAL $1,000,000,000 WASHINGTON, March 1. Latent treasury estimates place at $1,000,000,000 the maximum of tax payments to be made March 15 as the first Installment of taxes due this year, and officials believe the amount may be smaller, S-ince about 800,-000,000 800,-000,000 of tax certificates are to be redeemed re-deemed on that date, the treasury believes be-lieves the deposit conditions among banks will not bo disturbed greatly. This explanation was made today In response re-sponse to inquiries reflecting an anxiety among bankers over what was feared might- be a condition of heavy, withdrawals with-drawals from banks and accumulation in federal reserve banks.