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Newspaper Page Text
Walker and Patrick J. Murphy, the
assessors shoved up assessments on
These assessments have now
passed from the assessors into the
hands of the board of review. This
board has the last say on "Whether
taxes shall be knocked off. Members
of the board are: Frank Ryan, close
political nal of Roeer Sullivan: Fred
Wl Blocki, high salaried official of the
uonsumers uo., aim iuuiuus weuu,
wholesale coffee merchant with
many downtown big business connec
tions. Levy Mayer and the committee yes
terday begged to have assessments
cut down and taxes knocked off.
"I am not a pessimist nor a kicker.
I believe good times are at hand. But
it isn't best to say the rich should be
taxed because they can stand it In
the end it works back to the con
sumer, the working man who-buys
the necessities of life.
"Go to any bank president for in
formation on business conditions and
tell him it is for publication- He will
say there is prosperity because he
believes that by whispering this about
prosperity will come. But go confi
dentially to the same bank president
and you will learn that banks are
just teeming with money there is no
demand for. The result is you can
borrow money for as low at 2 per
Mayer was joined by Jacob L. Kes
ner, A. C. Honore and John H. Chap
man in the statement that, with a
few exceptions loop real estate prop
erties have gone down in value the
last four years. Gordon Strong and
Russel Tyson, more real estate ex
perts, said the same.
D. F. Kelley, general manager of
Mandel Brothers, did not break down
and cry over the slump In business.
But he certainly sang one song of
despair. The best year the store had
was 1907, he said. And while 1911
9 1010 nrni.a rrnrA imoro 1 Ol --
ttiiU JL?X 1TC1C gvuu JCCUD, X7XU A1IU I
1914 were punk for business. He did I
not go so far as to say Ed Mandel
or Jimmy Simpson or John Shedd
are liable to go to the poorhouse. The
thing Kelley was sure of is that busi
ness is punk and taxes should be
knocked off some.
Levy Mayer told what's the mat
ter with Hoyne. It's "an unbridled
tendency to boost taxes," and "over
zeal" Hoyne's assistant, Henry Berger,
didn't mind "overzeal stuff and be
gan shooting questions St witnesses.
Tom Webb, chairman of the board,
and himself a sort of a big business
man in the loop, told Berger it was
no time for questions, as the board
is after information on land values
and does not desire disputes.
Experts for the board start expert
ing today and will report in a week
how much taxes should be knocked
off for the State street stores.
Among those who came to testify
to the slump in business were: Isaac
Keim, vice president of Siegel, Coop
er & Co. ; S. A. MacFadden, superin
tendent of Maurice L. Rothschild; C.
B. Miller of Carson, Pirie, Scott &
Co., 0. W. Lehmann of The Fair, Al
bert Ellinger and Henry G. Hart of
the Boston Store, S. S. Lelewer of D.
Lelewer & Son, 310 S. State st, and
Edward Hillman of Hillman's.
BITS OF NEWS
Chicago, Milwaukee & St Paul
engine of five-car passenger train
overturned at Canal street at 1:30
Twp policemen injured in encoun
ter with auto bandits. Five captured.
Refuse to give names.
Stanley Murray, 15, went to aid of
sister Adeline, 17, who police say was
being assaulted by Wm. Kerkhuff,
Owasa, la. Stabbed. Kerkhuff ar
rested. Six will be indicted by federal grand
jury investigating Eastland disaster,
Is report around federal building.
City harbor officials are today pre
paring to test stability of every lake
liner that enters the Chicago river.