The Monitor-register., 1897-07-23
The Taxing of Bank stock

The Taxing of Bank stock
One day last week the Neaoark Neao.
published the following under the cap
ton Withheld Information"
Secretary Guter, of the Tax Board,
VIII pay visit to Woodstown, Salem
county, this week, to interview the
oiloers OF the Woodstown Bank. IL is
customary for the Tax Board to send to
the assessors in other parts of the State
the names of people residing in such
sections who are the holders of Newark
bank stock. Among the $50 of such
notices sent out by the Board recently,
was one to Assessor @. III. Richman, ol
WOodstown.
In reply came letter of thanks from
Mr.. Richman, who expressed desire to
reciprocrate in kind. He wrote, how
ever, that when he went to the bank at
that place to make inquiry concerning
Newarkers who hold stock In that bank,
the officials of the institution declined to
give him any information or to permit
him to inspect their list of stock holders
Assessor Richman's letter was dis
cussed by the local board yesterday.
President Lowy said that bank people
who refused to give lists of their stock
holders are clearly in contempt, and
Secretary Gutter was instructed to see
the Woodstown bankers and explain to
them the position in which their refusal
placed them.
When seen iu reference to the above
paragraph an official of the First Ma
tional Bank said: I'VE have not violated
as therein stated, any provision of law in
the matter. We would like to know.
however, why it is that the stock of the
Newark and Jersey City National Banks
are assessed at about their par value only,
when those banks have surplus and un-
divided profit accounts amounting to a
sum more than equal their capital stock
and yet the State Board of Taxation re-
qnires that the stock of the banks in
this county shall be assessed at two or
three times their par value ?"
second Meeting OF the western Sec
tiOn of the county q. Il. Union.
One of the largest and most enthusi-
astic meetings held at Hancock s
Bridge was that of the Western Section
of the Salem County Christian Endeavor
Union on last Wednesday evening. July
IA The E0deavorers of the different
societies and their friends filled the N. .
Il. Church and received much inspiration
by attending.
The flower committee decorated the
church in fitting manner for a Christian
Endeavor meeting. The Christian En-.
deavor monogram was seen every w here,
on the higs of welcome, on the Interna-
tional convention flags, and on the ban
ners. a pretty display was made of the
colors of the entertaining society, blue
and gold, by bunting and flags. Cut
flowers and sprays of clemats in bloom
added to the beauty of the decorations.
The meeting opened with a service of
song from" Christian Endeavor Hymns"
after which Rev. j. s. Buck gave
Scripture reading and Rev. Frank
Coleman led 10 prayer.
Miss Mary E. Harris, president of the
entertaining society, welcomed the
meeting in fitting words, to which Rsv.
L.. Myers, president of the Section, re-
sponded in his happy manner.
After the adoption of constitution
and other business, Laniug Myers gave
most excellent address on "Bibe Read
ing" He said in part: "Men overlook
the Bible. 1t shapes the destiny of
nations. Our nOblest men are readers of
the Bible. All unite in saying my sue.
cess is from following the precepts of the
Bible. In reading the Bible compare
bhe Old and New Testaments Pray
before and after reading. All progress is
toward the Bible and not from it.'
''Christian Endeavor Loyalty was the
subject of a thoughtful paper by Miss
Carrie Mills. She said loyalty is deeper
than profession. Let loyalty manifest
itself in labor.
Mrs. L Myers read a helpful paper on
THE Prayer Meeting" She compared
the prayer meeting to the eng inc room of
a large factory. 1t is the wheel that
shoul,i keep in motion the work of the
chufch Sorry indeed would be the
ohuich that could not support prayer
m citing.
The essay by Miss Elsie d. Richman
on Christian Citizenship in Its Rela.
tion to the Processing Christian"
was a we'll written paper on timely
'opic. We give two thoughts from her
paper, Satan has gone into politics; if
you want to find him you must go into
politics too," ga man has no more right
to sell his vote than woman to sell her
virtue"
Solos were sung during the meeting
by Mrs. Elsie De Camp, Mrs. Auna r
Baker and Benz. E. Harris. and duet
by Mrs. De Camp and Mr.. Harris.
The conservation service was led by
Mrs. Frank Coleman. She read the
twelfth chapter of Romans and Rev. j.
5. Buck offered prayer. Then came the
roll call and response of the societies.
The Western Section is composed of
nine societies, the Christian Endeavor
Societies of Alloway, Canton, Hancock's
Bridge, Quinton and of the First Bap.
list Church, Salem, the Junior Christian
Endeavor Societies of Hancock's
Bridge, Quinton, and the First Baptist
Church. Salem, and the Canton ED.
worth League.
The officers are: President, Rev. l..
Myers. Canton; Vice-P President, Miss
Carrie Mills, Quinton; Recording Secre-
,ary, Mrs. Rosie Fogg, Harmersville;
Corresponding Secretary, VIM. J. s.
Bradway, Hanoock's Bridge; Treasurer,
Miss Ella O.. Bonham, Salem.