Gloucester County Democrat. (Woodbury, N.J.) 1878-1932, 1908-06-11
.DO|NCS At THE
STATE CAPITAL.
[srom the Trenton True Americana

From the Trenton True American.
The state board Of tax equalization has
sent letter to the county boards relative TO
appeals by trust companies and national
banks. The letter is as follows:
''The board OF equalization of taxes has
held that in all cases Of appeal by trust
companies and national banks, praying for
deduction of the exempt securities from
the taxable assets of the bank, the burden
Of proof that these exempt securities were
purchased to represent capital stock, sur
plus and undivided profits is upon the bank,
and that the mere passage of resolution
by the board of directors TO take from the
general assets of the bank the exempt se-
curities and credit them to the capital, sur
plus and undivided profits account, unsup-
ported by other testimony showing the pur-
chase of the securities for the capital. sur
plus and undivided profits accounts, is not
snficient proof to warrant the deduction of
such exempt securities
The board decided these appeals yester-
day for Hoboken 1907 taxes.
In the case of the North German Lloyd a
total assessment of So, 43S, ,o0C was reduced
to So, e78, 800.
In that OF the Hamburg-Ame Pack
ct Company the total assessment Of 81, ,S95,
o3o0 was reduced to S1.641, 800.
The question of validity Of nonresident
gunner's license taken out before the repeal
of the old act and the passage of new act
by the legislature of 1908 having been
brought to the attention of Secretary Wal
ter Fl. Fell, of the fish and game commiss-
ior. that official referred the matter TO the
attorney generals departments. Assistants
Attorney General Gaskill has given an opin-
ion that licenses issued by county clerks to
non-residents before the repeater was adop-
ted are good for a year from the date of such
time. The following is the opinion
In my judgments a nonresident gun
ner's license issued pursuant to the act of
April, 1909, is valid for full year from the
date Of issue, despite the fact that the act
under which the license was issued has
been repealed and that new act has been
adopted The old license, however, does
not necessarily operate to extend the priyi-
lege containing the new license in any mat
ter in which the license granted under the
new act is different from those issued under
the act repealed"
The clerks in the executive department
were busy yesterday making 5, 900 copies of
Governor, Forts flag day proclamation.
They are being sent to the schools and pas
tors Of churches throughout the State.
The scoring which the Prohibition state
convention gave to Governor Fort and Pros
ecutor Goldenburg for the disregard of the
excise laws in Atlantic City evidently hit
the executive conscience hard, for it is said
the action of the prosecutors association
lasb week in deciding to enforce the laws
was due to she governor.
He was at the meeting, called for show
down and gave it to be understood that the
official life Of the prosecutor who ignored
the bishops law would be short and stor-
my. Pounding she desk the governor is re-
ported to have said with great heat: EN-
force the bishops law, gentlemen, or hand
me your designations.
The next chapter will be the story of
what happens to the prosecutor who falls
down. Whether the governor means what
he's said, the summer will show so far as At
lantic City is concerned.