Deseret Evening News | 1900-04-19 | Page 5 | Ogden Bank Stock Case

OGDEN BAUK STOCK CASE Su Eme Court Grants a Writ of Erre Ercer on Petition of PlaIntiff No be to the tho Court ourt of the Hiatt The supreme court hu ranted granted a writ t of error to the supreme U court of the United States Stat In the ass ot of the National Dank or of v vs Alma D 11 Chambers a as of Welter Weber county An opinion win II handed down don In III this Ihl Ihlo case o en the Int and It wu was held that bank stock Is II not a credit from debts can bl be deducted for put ur poses of taxation also aleo that bank shareholders whether ot of Utah or not art pot entitled to have hae their per personal debts debt deducted from their stock valuatIon The writ of error wac Aa Granted on the petition ot of Treasurer Chambers who claims claim that the of the Utah appellate court is Ie contrary to the re revised statutes of the United States In Inre re regard to taxation that Ihal Its III will willbe willbe be to 10 make II a dIscrImination In favor tavor ot of moneyed capital other than that em m In national banks bank and that the decision denies the be stockholders equal of lav