The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1901-06-14

III the foregoing table the assess
meut Of capital of the ZiCn's ana Des-
eret Savings banks lis omitted, for the
reason thar all of the capital. or prac-
tiCally all Of it, is represented in hold
inks Of real estate which are taxed as
other realty is assessed The apparent
deCre1sies in capital are accounted for
in realty acquired out Of bank capital
since last year No portion of athe
Sl2.O00,000 or more of deposits is as
sseSsed- The banks say the deposits
do not belong to them. but to the de-
pOsitors, and when an effort is made
to get at the Gepositors they either
show that their cash is from property
already taxed or that they owe the
bank.
Want a Reduction.
The claim of Banker Jones and Bank
err Mccormick IS that they ought to
have reduction of 90 per cent in their
asses sment- the same as has been
granted 20 the national banks That a
reduction Of 80 per cent has been made
TO the national banks and not to the
other banks i'm arriving an fair as
sessment, Assessor Eldredge admits.
Whether the equalizing board viii
grant relief to the complaining bank
ers remains to be seen, but the opinion
prevails that the increases over last
year VIII oe allowed to stand
In explaining why the national banks
have Oeen granted a reduction of 80
per cent i'm their sworn returns, while
the other banks have been assessed for
their tui capital surplus and uGQiVid-
ed profits. Assessor Eldredge 50 ia yes
terday that by operation OF the law
lie could take only the sworn state
naef.ts Of the state and private banks
as @ basis Tor their taxing values,
while with the national banks he has
access TO data showing definitely and
incOntroVertbly just what they should
he assessed for. As he understands
the situation. and ne had taken the
al
banks were entitled to q reduction of
% per cent, SO as to place their valua-
IONS for taNaSt9n on the same basis
hs the private and state banks. which
are arbitrarily assessed by themselves
virtually. and likewise on the same
basis as other classes OF property are
assgsged
Last year an of the banks were given
q reduction of 30 per cent from their
sworn statements before their assess
mems were entered on the tax rolls
by the assessor.
Union Depot Values.
There was some talk yesterday that
refl estate in the vicinity of the pro-
p0ed union depot and on West Third
SoIth street would be reduced in vaIue
10 place the valuation OF land in that
pat of the city on scale common
sur1te with property valueT i'm other
parts oI the city. all conditions con-
sideI-ed. But when IT was shown that
aiCn was assessed last year nor has
been this year with reference to the
probability of the union depot project
coming to focus Ia the immediate
future. the adVisability OF sealing down
vslues. as was suggested by some com
piaiuing property owners. WAS turned
down as Possessing no merit.
Yesterday the equalization board or
-dercd stricken fTCn che tax rolls the
following Cancelled mortSages: Josiah
Barnett. trustee. seven. S36.l10, Con-
solidateo Im lement company, nine.
sle.6l5, Thomas Green. $500: Minnie
I.ockWitz, S3i0 Mary A. B. LLOYD $3.50;
E'ruest QuayIe. S120.
In the following cases personal prop
crty values We're adjusted: w. A.
Eeed1an,, from 5000 70 $3.50. Julia Nc
Fadden. frcr7 $500 20 Sle9. Hamilton G.
Park from f2.Zo0 to S2.106: Charles
calvert, irom $500 TO 500. Sarah
7Fheelhouse. from $50 70 S45- Hannah
Phillips nm. 500; Ann Mire~ ALL S95
ire the four following cases the VAL
ues OF Improvements were reduced:
l'ritsch investment company from
81 500 90 S63J0; William Nier from SSo9
10 $500; Sarah Wheelhouse. from $3.50
to $3.50, Martin Hammer. an. 500.
To the following widows and indi-
gents were granted abateHeuts OF $40
ca(h on their taxes. Ann Miller, May
j.. Sharp. Martha Ellis Mary +. Midg-
III. White, eliza G., Broadbent ,rhris-
tcna Jensen was allowed an abatement
Of $3.50
ia adjusting q complaint on the value
Of personal property. il developed that
j. H. Walker and John Holmbera
sheep in addition to what they were
already taxed
The board adjourned until Saturday
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