Bank of Willows v. County of Glenn

This is an action to recover the amount of $2442.16, taxes paid under protest, and alleged to have been illegally collected by the tax-collector of the county of Glenn for state and county taxes. Certain solvent credits of the plaintiff were secured by liens on personal property. The assessor refused to make a reduction from such solvent credits of the amount of debts due from the bank to bona fine residents of the state. The question presented, then, is whether the holder of solvent credits secured by collateral security on personal property is entitled to have his assessment upon such…