The evening Argus. [volume] (Rock Island, Ill.) 1861-1871, 1866-05-28
STATE OF UTMOST
AUDIToR's OFFICE,
Springf cid May Is, 1865.

puDNc generally
STATE or ILLIsoIs,)
AUDIToRs OFFICE,
Springfield May Is, 1865.
To the Revenue officers of the state of Ills.
Your attention is hereby especially directed to
the assessment of shares in the capital stock OF
national banks and the collection of taxes there
on. By o recent decision of the supreme court
of the United States the liability of such shares
of stock to be taxed by, and under state authori
ty, has been established and a subsequent de-
csion of the supreme court of this state declares
the to be taxable under the laws of the state
of Illinois. In view of these decisions it becom-
the duty of assessors to require that the value
of all monies invested in such shares, in their
respective counties or towns, be listed by, OF to
the owners thereof for taxation, and to enter the
same On the assessment lists of the county,
towE, or district where such national banks
located When such shares are 30 assessed the
county clerks should extend, against the value
of the same, state, county, and other taxes, at
the same rates as may be extended against the
value of other monied capital or personal proper
ty assessed in such county, town or district.
For the purpose of ascertaining the ownership
of shares the assessors should apply TO the pres-
dent or cashier of any bank or banks in their
respective counties or towns, for an examina-
ton of the list of names and residences of the
shareholders of euch bank aud the number of
shares held by each, which list is required by the
national banking law to be kept by the president
and cashier of all national banks, and is by the
same law, ''subject to the inspection of the Of
fcers authorized to assess taxes under state au-
thority, during business hours of each day
which business may be legally transacted -
Should the officers of any such bank refuse to
allow the assessor to inspect such list, 1t Is re-
quested that the fact be at once communicated
to this Office, in order that such refusal may be
reported to the proper department at Washing
ton aud the requisite information obtained.
1t is presumed that in some instances shares OF
| stock now known to have been taxable, were
| omitted from the assessment of former years.
| In any and all such it becomes the duty OF
county clerks to enter the same on the tax lists
| of the current year in the names of the then
| owners thereof, and to charge against the value
| thereof the same rates and amounts of state,
| county, and other taxes would nave been
| charged had such shares been listed in and fol-
| the years so omitted. (See sections and ID
pp. 81, 40 Pub. Laws of 1859 Such listing fol-
back taxes should be made with reference to the
| ownership and value Of the shares, on the fire.
day of April of the year years in which listing
was omitted, and the state taxes charged thereon
should be reported to this Office in separate
amounts for each year 80 charged, at the same
time that other assessments are reported. 1t Ii
hoped that all rev enue officers will give faithful
and prompt attention to the proper ful6llment o
the duties pointed out herein.
Very respectfully,
ORLfN H. MINER,
| Auditor Public Accounts.