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Newspaper Page Text
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where the laws had heen violated.
All he wanted, he said, was to show
how there is a tax-fixing system at
work by which nearly alj the big rich
men dodge their taxes and thrdw the
whole tax loads onto the little fel
lows. In line with finding how this fixing
system works, evidence- may be
brought in on' why the State street
property of Rosenwald was assessed
$608,000 below the cash price he paid
Harrison B. Riley, president Chi
cago Title & Trust Co., came into the
tax mess yesterday. Before the Illi
nois Manufacturers' Ass'n he said the
tax system of Illinois is "an absolute
farce leading to widespread favorit
ism." "It is a good" thing at this time to
discuss the whole matter of the in
dictment of Mr. Rosenwald," said
Riley, "though it is most unfortunate
that individuals should thus be
singled out Tax laws are unsound.
American people are too shrewd to
pay what they are expected to. It is..
a matter of little difficulty -to go to
the assessors and have the assess
ment stricken off, especially if you
are a friend of one of them."
Just what sort of a new tax system
he wants Riley didn't say. Riley is
a spokesman for the interests of J. P.
Morgan & Co. in Chicago. When Ira
M. Cobe, the Morgan man on three
different traction directorates, resign
ed along with the Assets Realization
Co. blow-up three months ago, Har
rison B. Riley took Cobe's place on
the three directorates.
The Chicago Real Estateboard, a
body which plays the land hog game
with Riley, yesterday instructed its
legislative committee to get action
from as many civic organizations as
possible toward a change in the tax
laws. This board has fought against
the Cook County Real Estate board's
'endeavors to get the Torrens system
well established in the recorder's of
fice. In. real estate circles it is un
derstood that the Chicago Real Es-
tate board and the Chicago Title &
Trust Co. always work together. The
realty board has refused endorse
ment of the Torrens system, for in
stance, to the advantage of the title
company. The connection of Riley
and Rosenwald is seen in the fact
that Rosenwald helped to organize
the Real Estate & Title Co., which
was sold to Riley's company last
year, Rosenwald becoming a stock
holder in -Riley's concern.
State street stores, owners of loop
skyscrapers and corporation lawyers
put out a feeler yesterday. They
have organized the Illinois Taxpay
ers' Alliance and its first bulletin
says taxes are too high and tax
money is not spent properly.
Among the directors of the alliance
are Seymour Morris, a taxdodger who
refused to pay taxes on the $1,900,
000 worth of notes he held for the
Leiter estate. Brought into court by
Hoyne's assistant, Hayden N. Bell,
Morris consented to schedule the
notes and pay taxes i prosecution
vpas dropped, which was done.
Other directors of the Illinois Tax
payers' Alliance are John T. Pirie,
Jr., of Carson, Pirie, Scott & Co. and
the State Street Merchants' associa
tion; Augustus S. Peabody of the lo
cal coal trust; A. C. Honore, one of
the owners of the State street land
on which the Palmer house stands;
Joseph H. Defrees of the Association
of Commerce. Every big business
organization has one of its men as a
director of the alliance.
Hoyne's prosecution of taxdodgers
the past year has resulted in a $15,
000,000 increase of assessed valua
tions going onto the tax books
through the number of persons as
sessed has decreased by 12,000.
These are the. figures given out by
the assessors' office.
Poor Wethersby died in a nervous fit,
His was an unusual fate,
They built him a house and finished it
Inside of the first estimate.