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Show BANKERS OPPOSE TAX ON DIVIDENDS New York, April 7. Bankers herr are taking steps In opposition to the now ruling of the United States trea eury department extending the appli cation of the personal income tax t 1 the dividends and interest paid oa r American securities owned by foreigners. foreign-ers. Counsel for the Investment Bankers' Bank-ers' Association of America has written writ-ten to W. H. Osborn, commissioner of Internal revenue at Washington, asking that the ruling be suspended and declaring that it has the effect of a law made without giving the public an opportunity to bo heard. The association asks that public hearing be held on the advisability of rescinding rescind-ing the regulation. "The European war may Beem a favorable fa-vorable opportunity for raising $1,-OOOjOOO $1,-OOOjOOO a year out of our foreign creditors," the letter says, "but the effect of Buch action on our future credit relations with other countries may 'bo more disastrous than if taken under different circumstances." |