State Tax Men and Bankers In Accord
Months of conference between the American Bankers Association and the Association of States on Bank Taxation yield agreement on an amendment to Section 5219 preserving protective principles while allowing state taxation of national banks. The plan aims to balance low rate intangibles, net income tax, and shareholders taxes to avoid shifting tax burdens while maintaining bank revenue.
Taxing Bank Shares by Alternate Methods for Intangible Tax States
A reform proposal changes taxation of bank shares in states with intangible tax. It allows a cap equal to the rate on other financial firms or on net assets of individuals and partnerships in banking, loan, or investment business, or to rates on mercantile or manufacturing firms in state. An added method taxes shareholders by aggregating dividends, capital surplus, and adjustments, divided by shares, capped by rates on other corporations in proportion to net profits. The design aims to tax shareholder property without treating dividends as an indirect levy on exempt income.
MENTIONED IN THIS ARTICLE
Maryland
Foundation Weak Spot in Older Houses
A dated home inspection guide warns that basements reveal water stains and seepage lines indicating moisture intrusion. It outlines minimum foundation thickness for web frames, checks for cement quality, sand and loam content, and warns about dry rot in wall plates and mud sills.
Here's How to Prevent Mortar Efflorescence
The article explains how mortar color depends on pigment and mortar mix, noting efflorescence can spoil brickwork. A suggested remedy avoids strong acids and emphasizes a material with minimal mineral content to reduce moisture intrusion and protect joint color.
Stops Floor Vibration with Crosswise 4 by 6 Supports
The text notes floor vibration from undersized joist spans and suggests replacing 8 by 8s with 2 by 10s. Since the joists cannot be removed, shorten the span by placing a 4 by 6 at right angles and supporting it with two 4 by 6 columns from the ground. The supports should be wedged tightly for firm joist support.
Good Disposition of Value at Hinds Station Test
A report from the Hinds Agricultural Experiment Station describes a study on animal pulling power. It concludes that good disposition is a key factor in success for a puller, influencing performance.
MENTIONED IN THIS ARTICLE
Hinds
Two Way Telephone Aids In Aviation Safety
Two way radio telephone dispatching enhances flight safety by delivering continuous weather and route reports to pilots midflight. Capt A R Brooks notes pilots can receive local and along route weather, beacon signals, and urgent instructions, transforming ground dispatchers into real time support during emergencies and routine operations.
MENTIONED IN THIS ARTICLE
A. R. Brooks
Thane
Miots
Air Ine
Uying
Assignee's Sale Of Valuable Real Estate In Federalsburg Maryland
Calvert C. Merriken as assignee calls for public sale of a farm in the Eighth Election District Caroline County Maryland near Federalsburg. The 80 acre property includes a two story frame dwelling and a large barn with several outbuildings. Sale is between 2 and 4 pm at the First National Bank site with terms 50 percent cash on day of sale and the rest in six months or all cash.
MENTIONED IN THIS ARTICLE
John Loakkonen
Harry R. Merriken
Caroline County
Calvert C. Merriken
Tirst National Bank
Federalsburg
Maryland
Mary B. Noble
Charles Smith
Walter Love
T. V. Redman
William Smith
Smith
William E. Andrew
Constitutional Amendment Proposal for State Election
The document notes an amendment to authorize the legislature to empower Treasury Department deputies to countersign and grant warrants and oversee withdrawals under legislative regulations. The proposal, approved April 2, 1929, is to be voted on at the general election on the first Tuesday after the first Monday in November, by ballot, with the caption Constitutional Amendment Amending Sections 2 and 3 of Article VII.
MENTIONED IN THIS ARTICLE
Hons
Articcle Vic
Miursland
Rile
Treasury Department
Treasury de ParkHivenr
Stace Treasury
Geneva Assembly of
Maryland
Pubce
General Assembly
Dilea Ag
de An
Legistature
Annon
Suprh
Muoney
Treasury
Trenanier
Constitnion
General Assembly of Maryland
Geneva Assembly of Maryland
State of Maryland
Legislative Department
Sane
Lsw
General Assembly of
Marsland
Ana
Albort
Ritchiid
Theo Ly
Baltimore
Harman Malloy and Partners Named in Fiscal Roles
Stanley K. Harman and Michael E. Malloy appear as attorney and treasurer, with Julian P. Osborne as manager and Randall Hagner & Co. as fiscal agents for N. Y. Life Insurance Company. The listing names involved parties and corporate affiliations in a formal notice.
MENTIONED IN THIS ARTICLE
Michael E. Malloy
Clough & Malloy
Julian P. Osborne
Randall Hagner,& Co
N. Y. Life Ins. Co
Also Mentioned on This Page
New York
American Bankers Association
The
Association of States
American Bankers‘Association Journal
Spionias
Paton
U. S. Supreme Court
Tazatlan
John Lanckkonen
U. S
Charles TH. Phillips Chemical Co
Charles H. Phillips
Phips of
Mabhosia
W. Irving Tilgaman
Jack Sanford
Bell Mont
the Peoples Bank
Denton, Maryland
Alaryland
Chanter
Muiry
Assermbly
Great Sea
Annapolis
David Cgc
Windbeunner
International Weather Strip CO
N. Calvert Straet
Baltimore, MD
A. T. Russell
Denton,Md
Louis ST. James
Denton, Md
Claiborne
Annapolis Feery CO
Matapeake
E.S.T
Annapolla
WM. Pepper Constable
Maryland Trust Building
Elkton, Md
W. A. Smith
Market St
C.& P. Telephone
Denton
Denton Motor CO
Ford Finance Plan
Eastern Properties Corporation First
Western Electric Company
Bethlehem Steel Company
Tidewater Steel Company
Atlantic Seaboard
Eastern Properties Corporation
America
Lochearn
A.W. Gieske
Joseph’ Berman
Fred M. Supplee
Stanley K.harman
Richard M. Baker
R. M. Baker Co., Inc
Joseph Berman
William i Curran
National Marine Bank
Real Estate Trust Co
Stanley K. Harman
A. W. Gieske
Equitable Trust Co
New Amsterdam Casualty Co
Mid-Continent Petroleum Corp
W. Albert Johnson
Certified Public Accountant
Herbert G. Jory
B. F. Lucas
Arlington Ice& Coal
A. Herman Siskind
J. Ramsay Barry Co
Union Trust Company OF
Allegal
Barton, Wilmer, Ambler & Barton
Maryland Title Guarantee Company
Court Square
Roland W. Bates
Isastern Shore Rep
Pape