Show till HANK TAX CONT novi ersy in an all interview with orval W adams president of the utah state bankers association he mado made the following statement with reference to the bai bank ik tax matter the federal Dist relt courts recently sustained the complaints of the weber cache and utah county banks in their suits against the co treasurer to enjoin collection of taxes assessed against the shares of their capital stock this decision disposes of the question of law and leaves ivestor le for determination merely the question of whether or not in tact fact substantial amounts of competing capital in utah are taxed at a lower rate than the bank shares sli ares such facts are matters ot of common knowledge building and loan real estate finance investment banks and mortgage and loan companies are assessed tor for but a trifle of the capital employed it if requested to prove these well known facts the banks of course can do so but it should not be forgotten that tile the expense incident thereto will tall fall upon the county the banks made a generous offer of settlement in ot of the courts decision which offer was rejected by the county officials the additional loss to the county incident to further proceedings in these cases is likewise a matter in the control of the county officials and not of the banks in salt lake sevier grand wayne way ne and two or three other counties the officials accepted the otter offer made by the banks with tile the result that they effected etta atod substantial sayings savings to their counties the banks under this agreement will pay full assessment on their tangible assets |