The People v. Amalgamated Bank

The People of the State of Illinois brought an action of debt in the circuit court of Cook county against the Amalgamated Trust and Savings Bank to recover $8763.72 taxes for the year 1930 assessed against the individual stockholders of the bank severally on their respective shares. The defendant pleaded nil debet. The cause was tried by the judge without a jury. The court found the issues for the plaintiff and rendered judgment against the defendant for the amount of the taxes, with penalty of one per cent a month from May 1, 1932, and costs. The defendant appealed.

The plaintiff introduced…