Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1892-12-20
JUDGE ZANE DECIDES
,,,inst ths Banks in Their Protest
as TO The Tax Assessment
THE INJUNCTION Is DENIED.
r.x,ayers Must Take Their Own
Course II Dissatisfied with
Their Assessors.


rnUs IT,, Iur q, tho banks OF Salt
INV c;,v AGAINST the city and county
Ia, ,,a.,o,s In regard to the alleged ex-
eO'se'' ....s,ment OF their respective
e''s'' ',,.. IN, cases were tried on
p'.r,v last. when a statement Of the
's. v,yen IN The columns VI the
NV
,.,or rematked that some OF |
..,u,,,,,,v hanks were organized
inc eo., .i,a,.i baplins law and
under 'no "ao :, ~. T.,r,lnrv.
others under tho IA" Oh '"o e''o,''
rhe national banks asked ior an ih-
~ ,,o,,st the collection OF cor.
lunV :, ,,yo ytoupds-flrst, that
tain taxe', on WV -.
they were nseeseeu "PV"
-,,h.r nj its par or market value, ana
s..o,d. that no deductions were made
seeonu, ''"' A., ,,,or,,a,.a v,h.re
ipr ueo'. - ,.i, ~ sac,,iiv WINS
the real es,nte heiu Us eoou'"S ""s
assessable. The Judge feierfeu 10 anu
80 n, sona, length from various
eectionsoi IN" o""i'"s 80" -
ton at isSue. section zOO' Of 'no ooh
,,lsd laws OF 1883, he said, provided,
thar thiny.. that all property,
a"'o"o ..,.I .ttn,t. ..d neing In
real aLu po'so""' -, 80
this Territory, IN hnaoic eNoep'-h'
Than number Of exceptions were
.d Amonp them: "ShaTes Of
hA'i' ..,t,,. oth.r than
STOCK III eo'p''"' ,.,,,
hanks, when the same hte ''Na',''
money, and taxable bonds, fhal on
,I,,,., s..ssse,i and the tax levied Ia
~ a,,n,v In which the pnntehoider,
w., ~ 'v,ansvholder. or bondboider re-
VIZ a,c,,on lOi A proyiucs 'tnat the
su real ami uersppnl, OF corpora.
~, snaii lie nnsppsed and the tax
,I'..,'I 10 IN, same .xtenta II such
st, ysns o,x nod by Individual
Fi. =. ma .x.mntInn provided for
s...siry m. stock of national
~, IN. EXCLUSION OF deeds secured
,,,o,,gay.. Oi coupc A the national
80 ~. e..,,.s.d upou its stock, NJ its
~ vaI,,e.anu th.ttate bank was not rs.
pa' 49,, A. urot.rty, and N
80, ,har n,o,etly MI Deus secured
,tnrt,,,,,,,s We're excluded, II
'ip .ti.rt. ue,es,iug the
.'s'.,,l ,,rl, M 4, higher rate than Tia.
,'..i,'',,ai Th,, am. ,,srssm.ut would
, .,V ii',. n,o,,.rtv III IN, corporation
w. 1870 ~ 80 ,,r,.l nm IT, stoek. which latter
,,,,.,iy r,.nrn,,nted IN, prDperty
REPRESENTATION. ,,nL Al IN, national
49, - a,s...ed nj ia ulI market
49,. an1 me terrltor,al b.nk,s
1891, ,,,,,ht 4, two.thifda. or NIL OF
.ey,s,i,n.s s,snea 10 be the Gaze.
AZ dan,. sepurpu Dy mortgage, then
- ,.,s,,torIaI bank Connected with the
a,t'',.i -. uu,i,., very aJyaulaqeou.
'.,..,.,''... Tno nntionni bauk.
IT,. a, ~ isgA-.f,om which hh
hnaor nno,,d-n,nyi,l.d lbat the stock
-, ,ha r,t,o,nI h.uk ahpuld not b.
AL a, a GREATER rat, than sucil
csnita, In IN, hands OF the iuui.
yIr,,aI mr. IN the atnte bank, So faI
~. n'' h,.d ne.n mis- L, re. in these
cases h.fn,, the court no discrimination
80 mail. hy M, assrasor IN favor d
ill.,, ,..r,,,nyioI n. against the patiouA
bsnL Tha affection was made by til,
,arr,toriai ban,'s that their debts 10
cnr,,I nv morlyayes were not exempt
M. ,.sa.'s,or N, ,n,,k inv hin ass.ssnen
nj those In.i,ks. In effect followed tn
n,oyisien nI tne statute, that wher
he nron,rty of The bank was not tax
nblel then Il. avs.ssed the shnfes. a
IN Inc ZionJs SAVINGS hank, tn. evi
d,nou show.d that he took tne value Q
m, eapital stock and did not assess II
nron.rty mrthef than 10 ASSESS tn
I,,i ..int.. IA MAS hardly TO b
nr.sum.d Tint the legislature woul
nav, papsed a inv by which ban
MIGHT he started In this 'rerritory on
certain capital, nut all Its money /
mortgng.,. and ~ escape all taxation
IN such rule ms that were 10 be NJ
pli,d TO these banking corporation
they might escape taxation altogctbe
by simuIy loaning out all their none
on mortgage security. Indeed, II al
peared from the testimony hero tina
eome of tho banks came pretty nearl
doing That, and now they came forwar
and Ip6rl that they be not tsxe'
They aLopt.u banking as bushes
with the intention OF making none
cut OF Il; and there WIS no reason win
their nroperty should not be take
ii. was ineliued 10 think that the sy
TEN which had been adopted ,by Il
assessor was. In substance, correc
There was pomc substantial Justice
it,and were that wa. the case the cOu
of equity would not intefer
IL did not appear that the n
sessor Intentionally adopted ru
by which the real estate
the city was assessed above
below the market value. lie mig
A. n,ah,no 'has. asssssmcnts gsiti,
some too low and Others too high; b.