davidaulloa/AmericanStories huggingface dataset:
The Washington herald., 1908-02-21

Prices In the wholesale market yesterday remained
unchanged from the previous days quotations most
lines being firm and produce mOTing readily. Az
rivals were fairly liberal though not In excess a
demand. Game and poTS were duh.
prices quoted are Wholesalel
BUTTER-CrraraeFy, fancy, S4as4ls; DO. Western
ersts. S2a33; DO, seconds Eaes; fancy ga2s
do. fair TO good DAs; dairy. choice. Isa0; god
Isais; store packed, fresh. l6sIS
CHEESE-Markst rrn and active on an Kinds
New York State factory. large. l6aissS; DO asfs
siSaI7: d. small. l6s4l7: do summer. large l4ais:
do. SUMNER small l4zifls; do, fair TO good lazl3;
Western. factory. new. choice. Haas; DO, fair q
good. II; Virginia. TO-
ESGS-Near-by fresh NiTEsz:s, less o. BIAS: aver.
age. y West Virginia and Southwest Virginia 2
Tennessee. =; North Carolina. q.
LIVE POULTRY-Chickens. fancy issls: averaxe
Is; hens l2alS ROSTERS. ducks. large. l2aii; DO
small. llsl2; geese. ssie TURKEYS toms. per b. Ia
Is; do. hens. l5sls; do, thin 10; keats 10
DRESSED POULTRY-Turkeys. hens undraSr
per ID. IS: do. average, undraWn, IsaI7: do
thin l0al1. old tOm8 l5Gl6. chickens large Isafs,
small Eals; hens. choice l5all; roostsss {; ducks
old Dal5; geese, loAl2; cApons. lib. average, IS;
small. l5als,
DRESSED MEATs-Calvss. fun dressed s,1e.
heads OF. 3; hog gdresSed calves g.: hans, countrv'
sugar-eured, l5al5; hog, small and neat per cwt
60Oas. %; do. medium, 500; do. hesTy. 6S0as. o.
GAME-QuAn. Der dozen. 25oa3oo; do, small 50
400; opossumS. each. 1afe
EGETABLES-Potztoes. homegrown Per bvshsl
soaI5 de- rural, 4JaI3s sweet potatoes per bbl 81
aA0e: ysms. 2oOa2-50: cabbage. per ewt-, Soaso.
onions Ohio. per bashel. 7oas0; string beans. Der
basket. G0ca225; lettuee. Florida. per basket L2sa
LIS
GREEN FRUIT5-Apples York Imperial, per bhl.
225as5; Ben Davis. 200a2o; Wine Sap 22a4 %,
Albenarle Pippin, l00a50a; fancy table fruit. VI
as0o; spy 250sS.5: loose packed. LOOal 50 orsuzps
Florida bright, per box, 21Ss275 do russets s5s
2Is; California n&yels, Zz220 Grape fruit Flo,-
ida per box. S5OaIo0. Cranberries per box 20oz
go: do. per bb 500as-0.
DRIED FRUITS-Appies sliced. fancy. sa7; Go.
sliced. bright. ASS.
SUNDRIES--BeeSNs1. g: taliou. s: honey. white
clover lib new. Is: do. 2Ib. ne1. l9zl2: ginseng
per h. 500As.00: Seneca per b.. 20: Golden Seal
fOaE5; Pink. l2ali; Mandrake. 21s: snake Root. S.:
walnut kernels l2ai4.
GRAIN-Wheat southern on gTade SlAss: rye
75aSO; corn. sheed. white 65a70 do. yellow 65al0.
do, ear 27oa3OO; oats. Western white. No 2 ssas0;
do. mixed. 56a5S.
WOOL AND HiDES-Wool. washed free Of burs.
per h.. 30; do unWsshed. free Of bu1s, Za24; do
bury %; hides green, S. do, dry, sac; sheepskins,
green each. 5oaT5; do. dry. 25asO; ealfskns green
I.oOsII9; muskrat. LAB; skunk Sat; mink. IOos
80. rabbit skins opoSSum, lnsl5 raecOon 2saso;
fox. red. l-@al.7S: do. gTay. s5aS0
The Washington herald., 1908-02-21
LIVE STOCK MARKET.

New YORK. Feb. 3.-CATTLE- Receipts. l!oso.
Steady; dressed beef dull at 71sas per pound: for
native sides little fancy beef al ga London and
Liverpool cables quoted lie cattle at l0lsalZ per
pound. dressed weight; refrigerator. 9al0ss ship
ments to-day. $50 quarters Of beef; none to
NOTION.
CALvEs-Receipts. 40. Market quiet and steady.
Ordinary TO good yeals sold at 65OssSO per 100 lbs
fed calves. at SO; dressed calves. slow; city dressed
yeals. sa'3 per pound; country dressed 7sl2
SHEEP AND LAMBS-Receipts. $50. Sheen
unchanged; choice lambs. finn; other steady 81
cars unseld. Good sheep sold at A75 per 100 lbs;
good 70 prime lambs, at 7.Ooa7.8.
HOGS-Receipts. l.4o. Feeling firm on Buffalo
adyices.
Chicago. Feb. 3o.-CATTLE-R Receipts. 9OO0 Mar.
ket 10 cents lower. Prime heeyes 5l0a6 IS: poor 10
medium, Al0aS.0o; stoekers and feeders 275as 30.
cows and heifers. 2Ss4ss; Gamers. Ls5a20: Texans
le0ai.T5
HOGS-Reeeipts. II OoO Market 10 cents higher:
closed advance lost Light 455a460 roeghs. asa
40; mixed 4l5ai.so; heavy. 45oaA7O pigs asOa4 90
SHEEP-Recepts, e.ooo Strong TO 10 cents higher
Native sheep, 32Sa56o; Western sheen. 35Os5 60.
native lambs. 5loae5e; Western lambs. 5e5a7m
The Washington herald., 1908-02-21

ingtonians TO make their homes there,
and be a big Improvement 70 the old
historic city OF Alexandria
Wide Business Interests.
The firm Of W Fl. Smoot & Co. is com
posed Of William A. Smoot. ST.. one OF
the best known men in Alexandria. and
for fifty years one of the leading spirits
in IFS industries. and William A. SmOot.
jr. a few years ago the younger Mr..
Smoot became associated with his father,
and has charge directly at this time OF
the retail business of the firm
While the concern does an extensive
business in coal. it is identified with many
other prominent business interests OF
Alexandra This frrn has built up a large
trade in Washington. as well as through
out the entire section Of Northern Vir-
ginia.
Lumber Is OF Best
Henry h Field & Co. is one OF the
largest business enterprises in AIexan-
dria, supplying lumber in large quantities
70 firms in Washington. Baltimore and
other nearby cities
The firm handles lumber OF all kinds.
and has won its way 20 the front BY sup
plying work OF only the best kind and BIZ
exercising up-rO-date business methods.
The Washington herald., 1908-02-21
Laundry in Grand opera.

Ever since ! was a lad Of fourteen" ="
observed man the other night as he
was toying with a bird at an after-the-
opera supper. Il have lived either in a
fat OF an apartment, and naturally I
never have seen much of the homely de-
tails Of domestic life as they are prac-
tieed in a real house. This struck me
with an unusual degree Of force tonight
when became conscious OF the fact that
for the first time in more than twenty
years 1 actually saw a woman engaged
in some minor laundry work and ironing
in the good old way our maid used to do
il when I was a boy, says the New York
Press.
And the extraordinary part OF it was
that I witnessed this spectacle in an
opera house and at a performance Of a
work that is grand opera. even II the
composer does call it a musical TO
nance, BY this mean Louise Of
course. I wonder II there are other men
and women who are carried back 20 the
days when they used 10 love TO sit in
the kitchen and watch the laundress at
work when they see Bressler-Gianoli. as
the mother in that opera set up her iron
ing board in the little kitchen, sprinkle
the clothes with water from a bowl and
iron away just as IL IL was i4er only busi-
ness in life at that moment, and as if she
spent all her days In just such homely
occupations as she is engaged in while
she is on the stage in the first and last
actsg The whole operation OF domestic
laundry work was evoked for me again
as 1 watched her. and she gave me a
queer thrill. vivid pang Of regret over
my lost youth, when saw her take those
towels out of the tin wash boiler and
give them a twist TO dry them before she
hung them on the line that stretched
across the back Of the kitchen. To have
cause to think Of such things in an opera
house is almost as incongruous as to
speak Of them here"
The Washington herald., 1908-02-21
GRAIN AND PROVISIONS.

Quotations furnished hy T. F. Hutton 4 Co,
members Of New Yo.k Stock Exchange and Chicago
Board Of Trade, G. Bowie Chipmaa. manager, 1901
i street northwest
Chicago. Feb. D.-The wheat market was hrfn dur
ing tho morning dun and heavy in the afternoon.
showing steady feeling toward the close The
opening was on decline on disappointing cables and
talk Of large Argentine exports but offerings were
small and prices advanced about cent a bushel
The afternoon decline was pronpted BY the weak
ness in corn and soms realizing Trade was slow
Corn was quiet and little easier early. rallyinR
slightly with wheat but there appeared to be con
siderable pressure on the market
Oats were nervous aud higher early on talk of bet
ter demand for cash CATS but later prices weakened
influenced by the decline in corn. There were in
creased offerings of cash cats reported at Chicago
Provisions opened fairly active and higher on the
small receipts OF hogs, but developed quite active
selling.
The Washington herald., 1908-02-21
NEW YORK MONEY.

New York. Feb 2c.-Money on call opened az ?
per cent; highest. ?: lowest. Ia closing at IA per
cent Most Of the loans were at ? ger cent
Time money was offered moderately aid met with
fair demand. Rates: per cent for sixty days.
- TO ~ for ninety days. - for four months "a
10 ~ for five and six months
Mercantile paper Of the choice variety was taken
in moderate amounts here snd some demand was
also noticed from other centers. Rates. 51 70 6
per cent for indorsed bills receivable and choice
single names; 70 s1z per cent for Others.
The sterling market easy to-day demand rates
at one time selling . points below yesterday az
As6b. Inquiry remittance light Rates for ac-
tual business closed as follows Sixty days 4gss5a
4s3io demand. 4ss55aA $3.50; cables, 4s7aAS795 Com
mercial bills were 4s2h 70 4ssh
The supply Of cotton bills was scarce
The Washington herald., 1908-02-21
BALTIMORE PRODUCE MARKET

Baltimore. Feb @.-Following are the Official
price at the principal commission houses:
BUTTER-Creamery. fancy. per pound szl.a13.
imitation. per pound. Zzaz3; Msryland and Penn
syvaniA rolls per pound lsaso; storepacked. Ohio.
per pound lsao; do. West Virginia. per pound
isa2O; Maryland. Virginia. and Pennsylvania dairy
prints. per pound, lsa2o
LIVE PoUDTRY-Chickens, young. per ID. fat.
I5al6: do, old hens, per pound. IL ducks, md
die. youEg Halls; no, young musoovy and monerel
l3al4c; turkeys. choice Halls do. choice young Eob
bers II; geese. Maryland and Virginia, Is; pig
cons per pair. choice. old. Is.
EGGS-Marland and Pennsylrania fresh. per
dozen. q.
FL0UR-winter extra, Ss0a4OO; do. clear. ao5a
10. straight, 4.25ai40; do. patent i6oag75: srins
clear A9OaA6e; do. straight. 4.s0a5 % do. patent
525a555; City Mills best patent e0G do high-grade
patent. SD; do straight. 4s; do. choics family,
ASc; extra, i.loa4So; rye -four. medium to Choice
5a5O0
The Washington herald., 1908-02-21
BALTIMORE GRAIN MARKET.

Baltimore. Feb. 2.-Folosing are the Official pucs,
for to-day.
WHEAT-Stock ia elevators, as 81 bushels Graded
lots Of No. red soat nominally at sSss per bushe
for special bin and % for stock. Western spot Feb
rlary. &as; March. &. Contract spot. Eehruary
SO March. ssis: April. 94za95; May 81.
CCRN-Stock in elevators. 2s57 $50 bushels Ccuk
tract March, 6Olza6Oz< Western spot Fetruarv
5e1t; March, 6Ose0x; April, 6laelH May. 6SS.
OATS-Stock in elevators ISI7f7 bushels: shiu.
meats from elevators. 5.5si bushels White No 2
heavy. 5ia57is do No 2 light TO medium. SEA 561k
do. No. J. heavy 5ea57 DO. No. g. medium 55a5s
do. No. 5, light. 5ia5S; No A. light 10 heavy 52a3
mixed No. 2 5aa54iz; je.. No. s. 5sa5sss No 4 5la2
RYE-Stock in elevators l54 sol bushels shipments
trOm elevators. S,Sss bushels No Western rs
slas5 per bushe.
The Washington herald., 1908-02-21
COTTON MARKET.

Quotations furnished by Z. p. Hutton e Co. mem
bers Of the New York Stock Exchange and the New
Orleans Cotton Exchange. q. Bowie Chipnan, mana
ser. 1901 + street northwest
New York. Feb. D.-The cotton market opened
steady az = decline Of 70 4 points, with trade
fairly large. Yesterdays sellers we're best buycrs
Gables closed steady with spots l0ooe bales. Thr
local market is somewhat Of puzzle to most q the
trade. On such light movement and firm suO,
market the futures continue 10 sag Mr.. Ellison
estimates consumption AZ y 0co 50 with crop
of ll.5Oooo0 20 draw from. Il does not look bright
for the future. At present it looks like nothing
more than a traders market
The Washington herald., 1908-02-21
WASHINGTON CATTLE MARKET.

CATTLE-Extra. per eEt, L75asOO; butcher. Sza
$50: common, l.5oa20o.
HoGS-Per evt., gross. 49SaLSO; ordinary. 35Oa
SIS
SHSEP-Ciipped, 4.o0z450; common. 25o
LAMBS-Spring. choice. 7sIis; medium, si1a7
CALYES-Prime. per ID, sasis: medium 7lSss:
grass. 324.
COWS-Prime. fresh each so.0oa5aO0; common,
2oeoaSo.oe; old and dFy, Se0sIaoe
The Washington herald., 1908-02-21
COMMENT ON MARKET.

G. Bowie Chipman. OF z. F. Hutton &;
Co.-"News items were hardly factor
In to-day's stock market The Presi-
dents position on the investigation of
cutting expenses by railways would have
been sufficient under ordinary condi-
tions In Wall street 20 have caused a
heavy market. but the true fact is that
stocks have been grossly oyersold in eer-
tain quarters and this matter becoming
known to large interests opportunity was
taken 10 drive the bears in and the move
ment proved successful, with a possibility
OF prices being worked slightly higher.
l might say that the present movement
is purely a rally IN a bear market II
is not improbable that stocks can be
worked higher. bat ] believe the market
should be sold with confidence on this
rally"
Benjamin Woodruff OF Post & Flagg.-
The best that can be said OF the market
is that it is but narrow. professional
affair This was plainly shown to-day
by the lack Of sustaining power follow.
ing yesterdays rally in the last hour OF
trading. Twenty-four hours ago the
market was Euoyant This morn
ing. in the first hour or two, prices al
ternated between sharp rallies and grad
ual declines. but in the late session the
room professionals. who after all. have
great deal 10 do with the present
activity. turned bearish and sold stocks
freely. The temper is more hopeful to-
day. The decision Of the Illinois court
in favor OF Mr. Hartman in the ILLINOIS
Central Railroad contention helpec SEN
timent and there is a growing belief
that this pronounced antagonism TO =all-
roads and capital throughout the country
Is al last dying out; in fact. many claim
70 see distinctive signs OF the change al
ready However this may be, prices are
very low and there is big short interest
outstanding so that rallies are bound to
occur from time 10 time" h
The Washington herald., 1908-02-21
WASHINGTON STOCK MARKET.

saIes-Regular call. y O'Clock noon.
Washington Railway and Electric IS, 1000 at 75is
aeoo at 7531. Sl.0Oo at 755s $1,000 at 754. 81 900 Al
ssN.
Capital Traction. 3 a l17k
Washington Gas. 3 At 5s7s. % st 59k
AersenthaleT 10 at lsi. 10 al ISi. 70 at isi
Greene Csnanss. = at ~
United States Trust. 10 at So. 10 at %. le at 90
2 at 30.
After call-Washington Railway and Electric Is
1900 az 75Ss. sl.0oe at 55H.
Washington Gas certificates. 81, 800 at l0i
United States Trust. 10 at 90.
Following arc the closing quotations on yesterdays
local stock exchange:
The Washington herald., 1908-02-21
NEW YORK STOCK MARKET.

Quotations furnished hy Post q F1aEE. men,
bers Of the New York Stock Exchange Benjamin
Woodruff, manager, 1881 street northwest
Sales to noon. ...-.. .24S-552 shares
Aotltt S6ieS .ol4,oOO shares
Call moneys Hs - low, I5k; close. ia.
The Washington herald., 1908-02-21
The Buffer.

FfIIn LII
Mrs Smith-Yes. my little fve-year-old
girl is a great help IN my housekeeping.
Mrs. Randall-Why. what can such
child DO 70 help?
Mrs Smith-She goes down and tells
the cook for me whenever we're going
70 have company
The Washington herald., 1908-02-21

New York, Feb. D.-WHEAT-Flrner, excepting
Durum- No Northern Duluth, to arrive i.l2.t !;
No. red (. o. b., 90; No 2 hard. f. O. b.. LO7s. /;
No. macsroni. Lol (. O. D.. No. 2 macaroni. @
Exporters took six loads
CORN-Steady; moderate trade. No. elevator
S.; new No 2 T. o. b.. 6l4 for February 70 March
No 2 white, f. o. b.. AZ; No 2 yellow, T. O. b.. ST.
Exporters took thre loads
RYE-Dull; steady; small supply. No. 2, sK o. B.
Prices for futures "a as follows:
The Washington herald., 1908-02-21
MARKET OPENS WEAK
Presidents Letter Held Re-
spOnSible for Condition.
RISE COMES IN SHORT TINE
Decision I'm Harriman-Fish Case
Gives Corporations Same Owner
ship Rights as TndividuaIs-The
Bank of England Makes No Change
In It's Discount Rate.

New York, Feb. 2O.-The market opened
this morning at a considerable recession
from last nights closing level as was
TO be expected in view of the publication
in the morning newspapers OF the extra
ordinary letter OF instructions sent by
President Roosevelt to the Interstate
Commerce Commission to proceed with an
inquiry TO determine whether or not the
conditions are such as TO justify the rail-
roads in reducing the wages of their en-
ployes.
Particular exception was taken to the
'nsinuation that the movement to re-
duce wages may not be a result of
changed business conditions, but of mis-
conduct in the past financial or other
operations. Of the railroads and. taken
altogether, the latter was regarded as
one OF the worst outbreaks OF hostility
toward the corporations that the admin
istration has so far given way TO.
After the initial quotations were made
at declines, the market was prevented
from moving farther in that direction by
the general expectation that the decision
OF the Superior Courts at Chicago. in the
suit brought by the former president Of
the Illinois Central to prevent the voting
Of the stock Of this road owned by the
Union Pacific by. or on. behalf OF the
latter company would favor the Hartman
interests
The Washington herald., 1908-02-21

Only ten cents week, delivered at
your door-the daily issues OF The
Washington Herald. Phone Main $500.
The Washington herald., 1908-02-21
MINING STOCKS.

Quotations arc furnished By Irving K. Harrington
4 Co.. members Of the New York Produce Exchange.
Z. 2. Baker. manager. Hibbs Building
The Washington herald., 1908-02-21
CURB MARKET.

Quotations furnished by E. f. Hutton & Co.
members New York Stock Exchange. G. Bowie Chip
man, manager, !20l I street norfhKesf.
The Washington herald., 1908-02-21
BOSTON STOCKS.

Quotations arc furnished b. Z. F. Hutton 4
Co. members New York Stock Exchange G. Bozis
Chpman, manager 1901 street northwes,
The Washington herald., 1908-02-21
Court FavOrs Hartman.

Tits proved to be the correct anticipa-
tion. for the court rendered a decision
Internationally IN Cayor of the conten-
tion Of the Union. Pacific interests, which.
in its scope. recognized the right OF one
railroad company to own a substantial
interest in another and 20 enjoy the
same privileges Of ownership as an in
dividual.
In some quarters 1t was contended that
the decision would have a bearing on
the government suit TO dissolve the mer-
ger between Union Pacific and Southern
Pacific, although. OF course. in the case
OF these two companies the attack is
brought on the ground that the merger OF
the two roads constitutes combination
IN restraint of trade and is, therefore,
in violation OF the interstate law. The
decision served TO force the short inter
ests into a covering movement with the
result that nearly all the active issues
scored substantial advances, of which,
however. considerable part was again
lost in the last hour
The Washington herald., 1908-02-21
No Change in Rate.

The Bank Of England made no change
in its discount rate. but presented a re-
turn that was. with one exception. the
best for the corresponding week in any
recent year There was no appreciable
change in the market for time or call
loans here. and the estimates Of the
weeks currency movement indicated
a gain in cash by the banks OF approx
mately S6.OOO,O00.
Baltimore and Ohio published it's earn
ings for the month Of January showing
decreases Of about Si.l0O,OOO. in gross and
S9SS.00O in net earnings. These results be-
ing in keeping with those reported for
the two preceding months and the COM
pany announced the sale 10 two local
banking houses OF S6.0000O0, one year 5
per cent gold notes 20 be secured by the
deposit of 5000. 900 per cent bonds OF one
Of its subordinate roads.
1t is stated on apparently good author
ity that Illinois Central woulG soon exc
cute a s5O,OOO.O0e mortgage on its equip
ment. but with equipments notes instead
Of being sold would probably be used as
collateral to secure an issue Of short time
notes, deferring permanent financing to a
time when it could probably be arranged
10 better advantage than at present.
The Washington herald., 1908-02-21
The Safest investments
&c y STREET EoRTHwEsE.

MONEY At 5 PER CENT
LOANED On D. C REAL ESTATE.
HEISKELL & McLERAE,
ls05 q STREET.
The Washington herald., 1908-02-21
GOVERNMENT BONDS.

New York. Feb. eO.-Closing quotations Of United
States government bonds:
The Washington herald., 1908-02-21

sells cents Der share.
The Washington herald., 1908-02-21
LOCAL PRODUCE MARKET.

Prices IN the wholesale market yesterday remained
from the previous day quotations, most
lines bei1g finn and produce m0Ting readily Az
rivals fairly liberal though not In excess q
demand. Game and PorS were dull
The star and Newark advertiser. [volume] (Newark, N.J.) 1908-1909, 1908-06-20
JERSEY DIVINE
ATTACKS BISHOPS
ON open PULPIT
Netherwood Minister Sails for
Europe Before Criticism of
PreIates Is Published.
Congressman sherman.

PLAINFIELD. June 20.-1n today's
issue of st. Stephens Magazine, pub
lished monthly by the Episcopal high
school parish of Netherwood, the editor.
the Rev. Arthur Soaring Peck. makes
caustic criticism of bishops of the Epis-
copal church for adopting the now
famous open pulpit" canon. A few days
before the publication of the magazine
the Rev. Peck took a steamer for
Europe. His article in part says:
ut is most significant that those men
and dioceses which upheld DR.. Crapsey
the Christian faith should be those who
are ~contending for IAN open pulpit
Even if the canon did explicitly allow
such a procedure 1t could never be law
full, for 1t would be in direct contra
dietion Of the vows and teaching of the
ordination services contained in our
books of Common Prayer and of the
faith and practise of the Catholic
Church since the day it was founded
by Christ Himself.
During this time of deep anxiety for
49, ~ III OaA RAA ~ 10A@N2
sore tried, there has been raised the
slogan: Trust our bishops It would
be well to do so, if it was always pos
sible. 1t is, however, inconsistent, we
think, to take issue with Jul Roman
brethren concerning their modern doc
trine of the in~fallibility of the bishop
Of Rome and then in the same instant
cover all our own bishops with the
cloak.
And so it is, that by those who are
importing Protestant ministers into ur
pulpits and allowing them to serve at
our affairs the cry goes up, Trust our
bishops!' Can we?"
Episcopalians in this section are Won
what action Bishop Scarborough
will take concerning this attack. The
Rev. Mr.. Peck takes space to praise
his bishop,
The star and Newark advertiser. [volume] (Newark, N.J.) 1908-1909, 1908-06-20
stockholders OF
BANKS THE HOPE
OF TAX BOARD
WrestIe with Problem of ASSESS
ing Them to Cover Bank
Securities Law Exempts.

AS a result of the passage of the law
by the last Legislature, which allows
national banks to be exempt from tax
alton as to non-taxable securities held
by them, the city tax commissioners
expect to be able to assess stockhold-
ers in the institutions to the full value
of the shares and without making any
allowance for debts, as has been done
in similar instances before.
Whether the city will be the bene-
ficiary by this process is a question
which is making the commissioners do
some guessing. Under last winters ex-
emption law the board has decided to
act about as follows in the matter Of
taxing national bank stock:
The banks will be allowed to deduct
the value of their n~on-taxable securi-
ties and their buildings from the cap
ital, surplus and undivided profits, and
the residue will be taken as the value
of the stock. The shareholders who
live in the city will then be assessed
for the value of the shares each n
owns.
None of the stockholders, in the
opinion of the board. can legally ask
for exemptions for debt on the shares.
Thus what the city will lose through
exemption of the banks may be made
up by assessing the shares of the in
stitution., Others think the matter will
work out the other way.