OCR Interpretation

The day book. (Chicago, Ill.) 1911-1917, December 31, 1914, LAST EDITION, Image 2

Image and text provided by University of Illinois at Urbana-Champaign Library, Urbana, IL

Persistent link: http://chroniclingamerica.loc.gov/lccn/sn83045487/1914-12-31/ed-1/seq-2/

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Webb, the coffee merchant-politician..
The charge against Rosenwald is
failure to file a personal property
schedule in 1912, and in that way
slipping out of paying taxes on $27.
000,000 Of Sears-Roebuck shares of
stock. " -
A jail sentence or a fine of $200 or
both can be given Rosenwald if he is
The schools, playgrounds, hospit
als, libraries and other public insti
tutions of Cook county lose over $50.
000,000 a year because rich property
owners laugh at the tax laws, lie
about their property, hide it. swear
falsely to the assessors about it
The indictment of Rosenwald is
one- the first moves of State's Att'y
Hi "o find out whetherthe whole
tax i 1 shall be carried by the little
fellows who own little homes they
can't hide from the assessors or lie
Beore State's Att'y Hoyne's an
nouncement came out nearly two
years ago, in which he said he was
going to dig into the tax situation
and find out why the tax laws are a
joke that millionaires laughed at,
Rosenwald went along from year to
year telling the assessors he had
only a measly $100,000 of personal
property taxable shares of stock in
Sears, Roeubck & Co. He raised
this to $250,000 one year.
This year the board of assessors
assessed tbp $27,000,000 of stock at
$z,&uu,uuuf jtoy v. west, jpred
Blocki and Thomas J. Webb, who
the board of review and have the
last say on tax assessments,cut the
figures down to $1,255,458.
A remark of Ass't State's Att'y
Henry Berger is quoted today. Ber
ger said when the tax cases first
came before Judge Owens:
"Somebody's going to jail before
this is over."
The law under which action
against Rosenwald was based is one
of the clearest laws written on the
Illinois statute books. State's Att'y
Hoyne says he wants it understood
he isn't picking out- any special in
dividuals for punisment. What he
wants to get at is why tax laws by
which Cook county loses $50,000,000
a year are a joke.
Rosenwald openly admits he failed
to file a tax schedule as the laws says
he should. He says:
"If the indictment against me is
based solely on the charge that I
didn't file a schedule of my personal
property I am ready to plead guilty
at once."
A schedule blank is a sheet of pa
per taken by assessors to the owner
of property. The law says the prop
erty owner shall write down on that
sheet of paper all the personal prop
erty he owns. If he Goesn't fill the
sheet out and get it back to the as
sessors he is guilty of a misdemeanor
and can be jailed or made to pay a
$200 fine.
Rosenwald owns $27,000,000 of
Sears-Roebuck shares of stock. He
failed to report this to the assessors.
The big point of Hoyne is that this
game cheats the county out of $50,
000,000 of taxes a year.
o o
Kansas City, Mo., Dec. 31. Learn
ing that Col. Roosevelt intends to
lecture for the benefit of the unem
ployed, the Migratory Workers of the
World have gone him one better and
voted to ask him to take the leading
role in a hobo pageant-drama to be
staged here as a "benefit." J. Eads
How, king hobo, said the invitation
would be forwarded to T. R. today.
o o -
Wilbur Nash, colored, held in the
county jail at Joliet pending action
hy tie grand jury on a charge of rob-b-ag
a Wells-Fargo express wagon,
sawed the bars of his cell today and
escaped. He was found two miles
away by police and returned to jail
before being missed by the officials.
Before leaving Nash had robbed a
number of fellow prisoners.

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