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Newspaper Page Text
MAY PROBE WHY FORGAN CAN
SAY, "YOU CANT COME IN"
Why James B. Forgan, president of
the First National Bank, should say
to an assessor, ojcan't come into
my house and see my personal prop
erty," may be brought out in the
hearing before the Board of Review
on the 3,000 complaints filed by
State's Attorney Hoyne.
On the return made by the assessor
in Forgan's district is written, "Re
fused admission." Corporation hold
ings of Forgan will be asked, about
Other higher-ups who are called to
come in and be searched are:
John J. Mitchell, director in four
teen banks and one of the six men
who control the public utilities of
Chauncey Keep, one of the finan
cier of the Marshall Feld estate.
Joy Morton, ahead of the so-called
salt trust and also, of the oatmeal
trust now under federal investigation.
James E. Otis of the Central Trust
Charles W. Murphy of baseball
fame, who "made a million on a shoe
string." Somebody in the Board of Asses
sors' office bungled and put Mandel
Brothers in bad through the bungle.
When The Day Book published the
statament that the copy of Mandel's
personal property schedule furnished
the state's attorney by the assessors
only listed a measly $805 Mandel's
wondered what was wrong.
Their lawyer went over and found
that the copy was off and it should
be $805,000 instead of $805. To be
sure and get in right Mandel's swore
to a second schedule. They list
$20,000 of motors and carriages,
$600,000 of merchandise, $98,000 of
money, $87,000 of furniture and .fix
tures. Hoyne's action in filing 3,000 com
plaints before the Board of Review is
taken to mean that Hoyne believes
the Board of JAeview is not on the
job or is either ignorant-or worse
than: ignorant Ea.ch complaint.namea ;
I a property owner and his assessment
and then alleges Too low."
Until this week the Board of Re
view work has consisted of listening
to property owners who came in with
the cry of taxes "too high." Except
when Maxwell Edgar went before the
board two years ago and forced as-
sessment of capital stock in Sears,'
Roebuck & Co. and the International
Harvester Co. the board has gone
along easy and never bothered much
about assessments "too low."
Roy West, chairman of the board,
has appeared as attorney for the In
ternational Harvester Co. at the,
same time he was passing on their
tax assessments. He is close tq
Deneen in politics and in the TJ, Si
senate 'hearing of the Lorimer" casq
a telegram from West io Deneen was
introduced by Lorimer attorneys. The)
telegram was sent a day or two after
Lorimer's election by the legislature
and showed that West knew Deneen
had traded with Lorimer and Deneen
was to be the next U. S. senator.'
If Hoyne smokes out West and
shows the workings of the Board of
Review he will be mixing it with Chi
cago's heaviest business interests.
One property owner who was fined
$150 has since increased his schedule
from $50,000 to $500,000; another
from $6,000 to $35,000; another from
$50,000 to $250,900. If this rate of in
crease holds throughout the 3,000
complaints filed this week an enor
mous increase will go on the tax roll.
ISSUE PUBLIC FUND APPEAL
Following the refusal of President
McCormick to allow the special grand
jury sufficient funds with which to
carry on the investigation of the
Lorimer bank the members of the
jury issued a public appeal.
Members of the jury appeared in
person before tfie county board and
asked for $14,000. The proposition
was defeated when the .five McCor
mick followers voted against it.
State's Att'y Hoyne charges that
politics is behind the efforts to block
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