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Show BEND M ABATEMEIIT OF TAX It Is Asserted That Merchants Mer-chants Bank Stock Is Not an Asset The board of county commissioners, at a meeting thta morning, agreed to ; ask the stale board of equalisation for permission to reconvene as the board of equalisation for Halt Lake county to consider the abatement of f 1742.20 In taxea on 2500 aharea of the Merchants Mer-chants bank. It was held that the stock waa not an asset to the stockholders, stock-holders, but a liability. John Jensen appeared before the commission as auorney ior ine rw ( celver and Judge A. J. Weber for the depositors. Judge Weber stated that the tax must be puld out of the aseets j of the bank and the burden will fM 1 upon the assessment made on the 1 sworn statement of the directors, for i it was held that the county assessor i had no means of knowing the actual j ; condition of the bank and based his; ssseppment on the, statement of the' 1 directors. j I Mr. Jensen held that the stock was 1 I no longer an asset, but a llahtllty. He charged that the swera statement of; I the directors if t he bank was false j and was made because they, did not dare to reveal the true condition of the hank. He charred them with concealing con-cealing the true condition of the bank. County Commlaaioner W. H. lltighea held that the petition ahould have been directed to the atate board of equalization, equaliza-tion, but the board agreed that It would petition the mate board of equalisation for perml.alon to reconvene recon-vene aa the elate board of equalization equaliza-tion for Rait Ijike county. The. matter mat-ter later waa taken up with Governor Himon Bamberger and member, of tha tate hoard of equalisation. While the receiver and depositors committee were petitioning tha county commissioners for an abatement abate-ment of taxes the grand jury. In ses-alon ses-alon acroaa the hall, waa Investigating the affair, of the defunct hank. . . . i |