The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1899-06-25
BANKS SCORE 4 POINT
Increase On Business Realty vii
Not Apply to Them.
OFFSET BY THE STOCK
MONDAY LAST DAY OF GRACE
WITH TAX BOARD.
Four Estates Still In Default of Ci-
tations-J. T. Titles Estate As
sessed For Cash = A Thousand
Complaints Considered - Nearly
$4,000 Reduction.

1t was thought that the entire ses-
sion of the county board of equaliza-
ton would pass without a protest from
the banks, but the action of the board
| on Friday, raising the value of real
estate in the twelve business blocks
nearly million dollars in the aggre-
gate, called forth vigorous objection
yesterday from Cashier. George NJ.
Cannon of lions Savings Bank &
Trust company. The adjustment made
for his bank will apply to the other
eight whose holdings were affected by
| the 20 per cent raise.
Cashier Cannon laid down the prop
| osition that since the capital stock of
banks, together with the surplus, is
taxed separately after deducting the
value of real estate owned, the increase
of assessment made on business realty,
so far as ii was intended to apply to
bank property. is void
The matter was referred to County
Attorney Putnam, who subsequently
advised the board that it is bound by
the assessment of bank stock in the
| manner contended for by Mr.. Cannon.
and, therefore, the increased value of
the real estate in the business district
could not be made TO apply to any of
the banks owning property in the area.
affected by the raise of Is or 90 per
cent-that is, the amount of increase
in these cases must come off the cap
| ital stock.
The effect of the attorneys opinion.
which forced the basis of the boards
| decision to concur in the bankers con-
tention, will be to cut off about $4,000
from Fridays increase of S95S, 10I.
Little Estate Cash.
Answering the citation served upon
the representatives of the estate of
James T. Little. deceased, to show
cause why it should not be assessed
| for 800 of cash on hand on Feb. z,
Attorney Oscar w. Moyle represented
that on the date in question the estate
had $1,2S5 on deposit, although since
then the amount had grown to about
| $1,000. The statement was accepted
and the estate charged for taxes on the
additional sum reported on hand in
February.
The estates of John Herman. Minnie
Himmah. Rose Daft and Rebecca s.
Brooks. by their respective representa-
tives, failed to report yesterday, as
did also w. w. Chisholm and A. w.
| McCune, to show cause why they
should not be further taxed for money
sessment, but the board withheld entry
of default until Monday, the last day
of this years equalization session.
The matter of decreasing the as
sessed value of certain suburban plats
of real estate was deferred until Mon
day. AS to Sandy plat, however, it
was ascertained that there were only
fifteen complaints of excessive values
in the plat, and the board declined to
make any reduction.
mo cause of action" was the boards
decision on the grievance OF Margaret
B. Salisbury on the taxed value of ner
home and personal property at ga
East First South street, assessed for
S23, 40, but which was taxed last year
on basis of s1S,370.
Increases Exceed Reductions.
When the board adjourned yesterday
it was found that since June over $50
complaints of erroneous and excessive
valuations had been adjusted and about
lions to date amounts to S792, 1858, of
which sum, S707, 456 is for enormously
taxed mortgages. The total increases
approximate $l,OO0,000.
Many Cuts Yesterday.
Yesterdays mortgages stricken from
the rolls were as follows: u. c. NJ. l.,
$12,737; II. w. Jennings, trustee for
Western Loan & Savings society, SILL
25O; C. H. Nance, s4,25O; E. H. Airs,
81 ,921 Fisher Brewing company, Sl.oUV;
Alice Osmond, $500; E. B. Critchlow.
1000; William Hawkes., $500; NJ. II.
Walker, $4S5; ]. H. Bailey, $500; H. f.
Booth, $3.50: Sarah A. Dansie. $780,
Intermountain Milling company, $500;
Hannah Kidder, $3.50; Sophia Bailey,
$3.50; j. 2. Bamberger and David Keith,
$3.50; Salt Lake Hardware company,
$780, j. A. Williams, 5000; H. ]. Greger-
son, $50: Sarah A. Paul, $3.50; c. e.
Street, $50. Total, s3S,37S.
Because the greater part of his land
in section q. township south, range
l west, is not under water, Hans Okla
son secured a reduction from $1,000 20
81 1850 on the value of his real estate.
Three other adjustments on county
acreage were made, amounting to $3.50
Reductions in value Of personal prop
erty were made as follows: Niagara
Mining company, from 81, 700 to $1,000;
Rivers Bros, on pianos sold, s425; Ivers
& Pond, from $500 to 800; Bailey &
Son, from s475 to s175; Simon Bamber-
ger, $3.50 abated for personally not in
existence, but assessed at Murray; A.
H. Page, "a Ninth East street. from
$500 to $500; six minor complaints, $780,
= One thousand dollars came off the
value of the Niagara Mining company's
improvements, and in five other cases
the reductions on buildings amounted
to $3.50.