Plentywood herald. [volume] (Plentywood, Mont.) 1908-current, 1928-06-15
BOARD SETTLES
BANK QUESTION
NATIONAL INSTITUTIONS ASSESSED
ON Z PER CENT BASIS, STATE
AT 40 PER CENT
Former Taxable Only Under Authority
OF Congress 1t Is Stated; Several Suits
~Inaugurated by state ank to Test
Legality of Decision
(By Our Helena Corespondent)

(By Our Helena Corespondent)
To clarity the 1928 assessment prob
lem on state and national banks, the
state board of equalization, through
Its chairman, James III. Stewart, has
mailed letters to all county assessors
informing them that national banks
are to be assessed on the Z per cent
basis and state banks on the 40 per
cent basis.
while it may appear that both state
and national banks should be in the
same class" said MIR. Stewart, lit must
be remembered that the latter are in
strumentalities of the federal govern
ment and taxable only by authority OF
congress, while state banks are state or
CARNATIONS, taxable under our WI state
laws.
I'VE have been informed that suits
have been started by two or three state
banks to determine whether they shall
be given the same consideration as ma
tional banks, but as yet no decision has
been rendered.
"In the light of the situation at pres
ent, this board feels that it has no au-
thority except as above indicated. YOU
are therefore directed for the year 1925
to assign stock of national banks to the
fifth class and the moneyed capital OF
shares of stock of state and private banks
to the sixth class or 40 per cen basis
and personal property of state banks
shall be assessed as heretofore and placed
in the same class as other similar prop.
erty."
The state land office at Helena ha.
been notified by the Great Falls land Of
flee that lieu land selections made by the
state during 1926 have been approved II
the amount OF 81, 581 acres, located II
Beaverhead and Madison counties.
Approval Of the selections grows out Of
work to determine what school lands hac
been lost to the state for which no othel
lands had been selected. During tht
summer Of 1926 representatives Of The
! state LAM office were sent into the ielc
and as a result there was designated
more than 1000 acres in Beaverheac
and Madison counties and more thai
$1,000 acres in Teton and Pondera coun,
ties, making q total of lieu lands selected
for the state more than 101 900 acres.
The list now approved is less thai
one-third Of the total acreage selected
during 1928, but 1t Is anticipated tina
the remaining selections will be ap
proved In the early future. The value o
the lieu selections Is estimated a
81, 00O. 900.
Assignment of Bishop Wallace Ella
Brown to the Helena area Of the Meth
odist Episcopal church. announced a
Kansas City. gives Montana one OF tn,
outstanding leaders Of the church as it
presiding officer.
Bishop H. Lester Smith, who came t.
Montana In 1924. was transferred t.
Chattanooga, Tenn, at his own reques
and because Of Mrs. Smiths health.
Bishop Brown has been stationed a
Foochow. China, since 1924. when he wa
raised to his present rank. He was borl
Oct. 80. 1868, at Chittenango. N. Y, edu
Gated at a seminary at Cazanovia, N. Y.
and Syracuse university. where. in 1921
he received the degree Of doctor O
philosophy.
He occupied several pastorates at syria
cuse and at Ithaca and was distric
superintendent in New York state for
year. He is a director Of the Epwortl
league, q trustee of Syracuse university
Of Cazanovia seminary. of the Anglo
Chinese college and OF Hwa Nan colleg,
at Foochow. He was a member OF tn,
general conferences of the church IL
1912, 1916, 1920 and 1924 and OF tn,
ecumenical conference at London IL
1921.
A record breaking class Of 100 nurses
appeared at the state capitol recently K
take state examinations. They were grad.
yates from hospital training schools IL
all parts of the state.