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Newspaper Page Text
and safe personal property. . Yet Mil
ler was assessed only $5,000. This
happened in the district from which
Adam Wolf is 'responsible on the
Board of Assessors.
These exposures"" -i$ok special
meaning because, when Judge Owens
opened court Hayden N. Bell, for
the state's attorney's office made a
"The assessor who accepts an un
sworn or unltemized schedule com
mits a crime. If that has been done
it is the business of this inquiry to
find out who is committing the
"The taxpayer who makes a false
disclosure in order to get a cancela
tion of assessments, commits per
jury. "It has become the rule to trans
act business in a different way from
that prescribed by law. What those
deviations from the law are and who
is responsible, we shall determine.
"We will prove there are irregular
ities, evasions. We will go farther
and show there is crime. Whether
the crime is by the taxpayer or the
tax officials, or both, is to be ascer
tained. The point we emphasize now
is that there is crime."
The knock-off in taxes handed
Julius Rosenwald by Roy O. WeBt
and Fred Blocki of the Board of Re
view was cited by Bell. He said:
"Members of the Board of Review
testified before Judge Olson under
oath thatthey have adopted the ab
solute rule of assessing capital stock
at one-tenth its market value. In the
case of capital stock owned by Ju
lius Rosenwald they ascertained the
market value per share of stock and
multiplied that by the total number
of shares. In this way they learned
Mr. Rosenwald owns stock worth in 4
the open market $25,109,170. They
did not assess this stock at its full
value. They assessed it at one
ienth." "By these methods the tax officials
are placing -the burden of taxes on
the small home owners. Mortgage
securities, monoy, stocks and bonds
escape assessment The loss runs
Judge Owens asked about how
many millions are lost in this way.
Ass't State's Att'y Henry Berger said
it runs above $50,000,000.
Two slips of paper are in a steel,
fireproof vault in the office, of Sey
mour Morris, 112 .Adams st They are '
worth exactly $1,900,000. On the
tax books of Copk county these two
slips of paper are assessed as "per
Taxes on these two slips of paper
figure at $31,666.65 this year. Tax
fixers tried to block the city from
getting this money.
Maclay Hoyne, state's attorney of
Cook county, last spring took a staff
of assistants and made a night at
tack on the county attorney's office.
He took possession of the rooms,
desks and records. He fired out of
the place all of the so-called county
attorneys and assistants dabbling in
the tax game.
With his assistant, Hayden N. Bell,
Hoyne went over the tax laws. The
order was given that the tax laws
be enforced to the limit
"Either the tax laws mean what
they say or they are a joke," said
Hoyne. "We will find out whether
they are a joke,"
Investigators reported to Bell that
Mollie Netcher Neuberger, owner of
the Boston Store, had bought from
the Levi Z. Leiter estate the land on
the corner of State and Washington
streets where the Hillman store now
stands. The price was $2,900,000.
As part payment Mrs. Neuberger
gave one note of $1,100,000 and an
other note of $800,000.
These are the two slips of paper
Seymour Morris keeps in the fire
proof vault at 112 W. 'Adams st.
Morris is a. trustee for the Leiter es
tate. Morris didn't .list these notes as
personal property. He didn't list
them at alL Not in Chicago, nor any-