The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1892-08-21
THE BANKS OBJEC
The following communication was req
from the banks:
40 the Board OF Equalization:


GENTLEMEN-The undersigned National and
other banks, IN behalf of themselves and their
shareholders respectively. respectfully repre-
sent. The property of and shares in said banks
have been assessed higher than monied and
other capital in the hands of individual and
other corporations. Such excess OF valuation
operates as q discrimination against your petit
uoners TO The extent of from % to 50 per cent
Monled capital III all forms loaued out real
estate recently Is entirely exempted from taxa
llon. The value of such monied capital to sew
eral million dollars. Your petitioners are in
formed and believe that certain private banks
are assessed only for small percentage OF The
value of the capital employed in their banking
business. Real estate and merchandise in the
hands OF individuals INTERPRETATIONS are al so
assessed not at their actual cash value but at
uniform rate much lower; while the shares
representing the capital employed by your Pc
titioners are assessed at a rate equal 10 or ex-
ceedlng their actual market value The as
seSSment notices, showing the amount of as
sessment against your petitioners ana their
shareholders are hereto annexed and made
part OF this petition
Your petitioners are Informed and believe
that by reason OF the discrimination AGAINST
them as aforesaid such assessments are erro-
neous and Illegal. Your petitioners offer to
pay such proportion OF such assessment as NAV
De equitable ana Just as compared with the
assessments on monied capital in the hands of
lndlV duals II your honorable body will al bate
the residue Ii such abatement is denied it
may be n cessary for your petitioners to resort
AL
tempted discrimination against them
Your petitioners ask that time may be fixed
when your petitioners may have an opportunity
to furnish evidence of the truth of the state
ments herein contained and to present other
and additional reasons why they should have
relief.
DEsEHET NATIONAL BANK,
STATE BANK OF UTAH
DESERET SAVINGS BANK
UTAH COMMERCIALS SAVINGS BANK,
UTAH NATIONAL. BANK,
NATIONAL BANK OF TIE REPUBLIC
UNION NATIONAL BANK
BANK O 4 COMMERCE.
AMERICAN NATIONAL BANK
COMMERCIAL NATIONAL BANK
BY j. :. Sutherland and Rawiing & Critcblow
their attorneys.
Horn moved thht the attorneys be heard
on the oath of the month
Moran said the bankers should come up
individually like other pecple-like the
poor widows-and he didn't want to hear
their attorneys
POLAND conceded with Moran.
Lawson didn't want to take the bankers
ali at one dose, but said they should come
one by oae.
Horn said the argument of one bank was
the argument OF ali, and could not see the
sense in asking eight or ten bankers to
come and waste their time and the time of
the council.
Loofbourow thought an attorney could
present the case in more lucid manner
than the bankers could individually.
Rich moved that the matter be referred
to the assessor and the city attorney, to re-
port Monday night and the motion was
carried.
TROUBLES BIZ MAIL.
This letter created considerable merri-
ment when read by the recorder, and was
referred to the committee:
To the Board OF Equalization:
AS am too old and blind to run about at
night win try to tell you my troubles in a
letter. The assessor has not visited me this
year, although have heard OF him being twice
on this block. so am unable to say by what
rule have been assessed. My lot is much de-
preciated IN value by the railroad passing BY it.
Also have debt OF ii. 900 against it, which |
don't think should pay taxes on. Then / am
taxed 500 on improvements My improvements
forty two years ago. and has from one TO three
feet OF water in the cellar every summer since
the Salt Lake & Jordan canal was first used.
which has failed to improve the foundation
much suppose any one buying my place
would consider il a great Improvement to
have the improvements removed. Then there
is personal property $780, | am at a loss to
know what have been taxed Tor. as my furni-
lure is mostly as old as my house, and 1 have
nothing outside of my house except two dozen
young chickens, which / expect the chicken
un4Ot 40 lotAcHolt "ai1iue lOI thanksgiving Qay
TO come so he can take them as he has done
twice before. My family consists OF three
widows and one child and boarder. Ny in
come is derived from the boarder who pays me
So. 30 per week and dollar occasionally from
the mother of the child. My son in Utah county
sends me -four, potatoes etc, from his farm.
with which. in strict economy. We live hope
your honorable board viii S the justice OF re-
ducng the amount of my taxes and. also remit
ting large portion of the remainder
The application of John n. Pike, who
wrote that he wanted the assessment of the
city to come within speaking distance of
that maze BY the county was rejected.