Good Old Days April 13

8 years ago

The Commoner

April 8, 1892

The First and Second National banks of Colfax and the First National bank of Palouse City have brought an action in the superior court to restrain County Treasurer Larue from collecting by the usual process of law in such cases, the taxes assessed to them by County Assessor W. B. Pendell.

The latter official, following out the Washington state law, assessed the capital stock of those institutions, together with the surplus fund, and undivided profit accounts invested in promissory notes, bills of exchange, mortgages and other credits, as “capital stock,...