Show cank capital ot merle New lork will reduce its capital aiom tl directors have asked to fotr li re gard to hie proposition 1113 is elani ticino of the low rates 0 li etrest 11 d of the corni in business between the anik leiding of tl eatn pay more for the of s than U edeland tor money warrants in their circular to tl e stockholders the directors of tl e bank of america sty ati k is ing low rates ot interest wl lie U is paying in taxes a sum approximating yearly of which abbit can be saved wien the reduction in capital Is carried li to effect earn ings of tl e bai k are largely derived from the profitable employment of its deposits of lie earnings realized dur o 0 the lat eighteen months not more than 20 per tent after the p dyment of taxes has been received as a return from tl e capital proper he proposed reduction in capital the surplus con tinning unchanged will lene a re capital surplus ample in every respect for tl e conduct of the business and a ill no very considerable reduction in net earn ipes bradstreets |