Rensselaer Journal, Volume 11, Number 39, Rensselaer, Jasper County, 6 March 1902 — Broker Taxed on Margin. [ARTICLE]

Broker Taxed on Margin.

At Boston, Mass., Chief Justice Holmes of the supreme Court handed down a decision in the case of Sidney Chase and others vs. The City .of Boston, in which he decides that stock brokers carrying securities for customers bought upon margin are the owners of the same and liable for taxes on the same to the city of Boston.