The Prescott daily news., 1911-12-18
kinds used in his business or pro-

fession.
 "5. The value of all money in pos session or deposited in bank wher ever located belonging to said busi- ness.
 "6. The value of all credits as de- fined in paragraph 13, section 5, here off, belonging to said business.
 v. The value of all other personal property not falling under one of the above heads employed in said busi- ness"
 "Section 20, The accounting off cer of every bank, whose capital is not represented by shares of stock, and every broker and stock jobber shall made a sworn statement in which he shall set forth:
 "1. The amount of money on hand or in transit.
 "2. The amount of funds in the hands of other banks. brokers, or others subject to draft.
 "3. The amount of checks. or cash items, not included in either of the preceding items.
 A. The amount of bills receivable. discounted or purchased, and other credits due or to become due, in- cluding accounts receivable and in terest accrued and not due and due and not paid.
 "5. The amount of bond and stocks of every kind and shares of joint stock companies held as an invest ment or in any way representing assets.
 "6. The value of all office fixtures. furniture, safes and vaults.
 "7. All other property pertaining to said business.
 "S. All real estate at its assessed valuation.
 "9. The amount of all current de- posits.
 "10. The amount of all accounts payable other than current deposits.
 "The sum of the first, second, third. fourth. fifth, sixth and seventh items less the sum of the eighth, ninth. and tenth items shall be deemed to be the amount of capital employed in the banking or brokerage business, as the case may be. and shall be en- tered in the column in the assessors personal book under the heading Money Invested as Banker or Brok- err"
 Section 21. Is the same old list that was made over thirty years ago for the farmers, laborers and small taxpayers. Almost every one remem- bers that it commences with:
 The number of mules, horses, and asses of all ages.'
 "Section % Every incorporated bank, through its president cashier principal manager or principal ac- countant, shall make and file with the assessor a statement setting forth:
 q. The amount of capital, whether divided into shares or not. actually paid in, or secured to be paid in, by note or otherwise, or in any wise pro cured or furnished, to be employed in the banking business.
 70. The amount of surplus and un- divided profits arising from the busi. ness and belonging to the bank. whether in it's possession or under it's control. or loaned or otherwise invested for its benefit.
 "3. The value of all fixtures. furni- ture, or other property that has been charged off to profit and loss account.
 "4. The value of any real estate as owned by the bank as same has been assessed for taxation.
 "The sum of the first, second and third items, less the fourth shall be deemed to represent the personal property of the bank employed in the banking business for the current year hv such t2r'J. Said sum shall he taken as a basis for assessing the shares of stock fer said bank"
 Section 23 The total value of nropertv employed in the banking business as determined by applying the rule laid down in section 22. here of, shall be taken to represent the to- tal value of all shares of stock of said bank The returns required to be made by section %. hereorf, shall he made by the person required to make t for and in behalf of the stockhold- CTS of the bank The assessment shall be made against the bank in the aggregate as agent for the holders of the shares of stock The taxes assessed against the shares of stock so listed shall be paid by the bank, and 1t may recover from the owner or owners of such shares the amount