Show federal courts rule in favor of banks in tax controversy the federal district court recent iy ay sustained the complaints st of banks in weber cache and utah counties in their suits against the county treasurers Treasur ers ot those counties to 0 o enjoin collection ot of taxes absec e td cd against the shares of 0 their capital stock according to a statement given out by orvil W ad adama jl s president of the utah state slate bankers ai at so sedation clation this decision mr adams adami continues disposes of the question ot of law and leaves for or determination mire merely the question of 0 whether or not dot in fact substantial amounts of coni con capital in utah are taid taxed at a lower rate than the balik bana shares such facts mr adams tate state are matters ot of com noa moa knowledge building and loan iiii liilie lt ilie 1 tanks ranks and mortgage and loan companies are as assessed essed tor for but a trifle triffie fie of the capital employed it re to prove these well known facts tze tie banks ot of course can do s so 3 but it should not be forgotten that the expense incident theresi win will rail fall upon the counties the bauls baals made a generous offer of settlement in advance of 0 the courts de cison cis on which otter offer was rejected by officials of the counties count lea mentioned it if mr adams statements are correct as ono no doubt they are our board of county commissioners bind and representatives of other taxing units did well to accept the compromise as did officials of salt lake sevier grand wayne and some other counties |