Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1914-12-05
Resolutions Declare That Ma
tional Banks Are Given Trus-
tee Powers Shall Comply with
All the State Taxation Laws
COPY SENT TO BOARD
OF FEDERAL CONTROL
Interesting Addresses on the
Methods of Determining VAL
ues of Real Estate" and 1.-THE
Expedition of Tax Income and
It's Audit-Adjournment

The closing session of the fourth an
nual conference of the New England
State Tax Officials Association was
held in the Senate chamber Friday
morning and although the attendance
was somewhat smaller than at the
previous sessions there was no lack
of interest and discussions were held
which proved to be of great benefit
to all. The speakers were w. H. Cor
bin, tax commissioner Of Connecticut
who spoke upon Methods of Deter
mining Values of Real Estate" (a)
True Consideration of Deeds" OBJ
Gathering of Data of Sale Prices by
State Tax Officials" and Theodore n,
Waddell of the Massachusetts, Bureau
of Statistics whose subject was THE
Expenditure of Tax Income, and Its
Audit"
The association has elected the fol-
| lowing officers for the ensuing year:
| President, Bertrand G. McIntire, chair
man of the Maine Board of State AS
SCISSORS; vice president, Albert O..
Brown of the New Hampshire State
Tax Commission; secretary, Charles
| II. Andrews, deputy tax commission
mittee, the three aforesaid officers and
jeremiah P. Mahoney, tax official
of Rhode Island, A. j. Eaton of Ver-
mont. W. H. Corbin, tax commission
er of Connecticut.
The committee on resolutions, con-
sisting of Charles A. Andrews of
Massachusetts, Bertrand o. McIntire
of Maine, and Albert o. Brown Of
New Hampshire Friday morning pre-
scented the following resolution which
was promptly adopted by the meet
ing:
Resolved: That it is the sense Of
this conference that if there is extend
ed to National Banks the power to act
as trustee or in any other functionary
capacity and in such capacity to hold
property such power should be grant
ed only on condition that such bank
shall comply with all laws of. the State
! in which it is conceded as to the tax
alton of property so held; and it he
/ further
Resolved: That the secretary be in
structed to transmit a copy of this
resolution to the Federal Reserve
| Board.
Another resolve drawn up by
Messrs. Andrews and Brown of the
resolution committee was then adopt
ed This was as follows;
Resolved: That this conference ex-
press its thanks and appreciation to
the Board of State Assessors and to
the superintendent of buildings of
Maine for the arrangements and the
/ accommodations of this conference"
The address given by Mr.. Corbin
tax commissioner of Connecticut. was
OF particular interest to the tax Off
Gals MIR. Corbin showed the different
methods of determining values of real
estate and the advantages of each
method
The work of the Massachusetts Blu
reau of Statistics was described by
Mr.. Waddell, a member of the bureau.
He stated that the taxpayers of today
require a strict accounting of the
money that they pay and he said tha:
in Massachusetts hearings are held
in the towns and cities relative to the
conduct of the officials in these towns
| and cities. In this manner the truth
and actual conditions are brought to
| light
These addresses opened the field for
| questions and the problems which
confront these tax officials were given
a thorough discussion. The conference
was adjourned at 1 p. NJ. Friday.
The matter of deciding the time and
place of the next meeting of the con-
| ference is in the hands of the execu-
tive committee.