The Idaho recorder. [volume] (Salmon City, Idaho) 1886-1927, 1918-08-23

erty. having been sold two years ago
for $4,000.
The records in the courthouse
show that Mr.. Pipes escaped taxes
on this farm for years on The plea
that IL represented part OF the
capital stock OF the bank, which, ne
claimed, was already assessed and
taxed according 70 law. The claim
should never have been alowei-
But Pipes put IL over
On the advice of competent legal
counsel, the commissioners were
about to proceed TO collect the taxes
due when two OF the then acting
board went on record as standing
for the exemption claimed by the
bank. while one commissioner then
acting stood alone In demanding
payment. Two beat one OF course
and the bank escaped. The county
was thus robbed out OF hundreds OF
dollars In taxes that SINE other
taxpayers had to make good.
Pipes "put-0ver" that outrage
on the public just as he subsequently
used his fine Italian hand in the
bond sale and in the short change
I act, In both of which he put II over
I on the taxpayers to the tune OF
thousands of dollars. more. as we
have shown by the records in his re-
cent transactions.
1 In working his bank exemption
be a
the board of county commissioners
July 10 and Is. 1916:
| July 13--In the matter OF the as
sessment OF the capital stock Of the
Pioneer Bank & Trust Co.
! The Board assembled and acting
as Board Of equalization and hav-
ing uader further consideration the
assessments of the capital stock OF
the Pioneer Bank Il Trust Co. upon
which stock the said Bank claims an
exemption on account Of the taking
over and holding the property known
as the Joe Moore ranch. and the
Board finds In relation thereto, that
the capital stock exemption of
$22,797.76 claimed by the said Pho
neer Bank e. Trust Co. as an Offset
against the capital stock and surplus,
amounting to $42,660.39, Is an i'm
| proper claim under the laws of Idaho
and that the only exemption to
which the said Bank is Untitled to is
in the sum OF 100000, on account
OF furniture and fixtures purchased
and owned by the said Banks and il
Ii therefore ordered that the clerk
OF the Board serve personal notice
upon the said Pioneer Bank & Trust
Co.. its directors, and stockholders
or their agents and representatives
that II Is the intention of the Board
to Increase or raise the assessed
value of the capital stock OF the said
Bank from the sum OF $17.s626S, in
GLIDING the surplus TO the sum Of
$40. 5000, that is to say, the assess
ed value OF each share OF the cap
ital stock TO be increased from thu
sum Of s1195 per share. and re
curing them, the said Bank, It's di
rectors and share holders, or theil
SCENTS and representatives to appear
forthwith and make objection II any
they have to the proposed action o
the Board.
July 1S-ln the matter of the as
sessment of the capital stock of thu
Pioneer Bank 4 Trust Co.
The Pioneer Bank & Trust Com
pany, It's directors and shareholder
and their agents and Representatives
having been given due and legal nc
tice OF IN intended raise in the val
uation OF the stock of said bank. a
listed on the 1916 real property roll
appeared before the Beard in tn
persons of A. W. Pipes. the cashie
OF said Bank. and Z. W. Whiteomt
attorney for the SAID Bank, whereur
on the law governing such matter
and the equities of the case wer
discussed, and the Board after cor
sideration finds that the exemption
of s2e.I9T,T6. claimed by the sal
Phone n Bank 4 Trust Co, as an of
set against the capital stock of sal