OCR Interpretation

The day book. (Chicago, Ill.) 1911-1917, August 21, 1915, LAST EDITION, Image 8

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

Persistent link: http://chroniclingamerica.loc.gov/lccn/sn83045487/1915-08-21/ed-1/seq-8/

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Big corporations are just begin--ning
to get wise to the intent and
t scope of State's Att'y Hoyne's cam
paign to make them pay more taxes.
They have awakenedto the fact that
. he is in earnest and are busy fight
s' ,ing back with their attorneys the as-
sesbiiieiiuj icvicu uj uie uuiuu ui as
sessors before the board of review.
For the first time in many years
they will probably have to pay a cap
ital stock assessment In former
years the board of assessors obliging
ly left off the affidavit from the as
sessment roll or attached an illegal
affidavit It was on this technicality
that millions of dollars' worth of
.taxes were lost to the county. Ass't
"State's Att'ys Berger and Walker,
handling the tax campaign for Hoyne,
have slipped one over on the big cor
porations of the city.
This year a proper affidavit, pre
pared by the state's att'y's office, has
been attached to the assessment roll
and it Is probable that tax rates will
be decreased by the increase in taxa
ble realty, personal property and
capital stocks of corporations who
'have been successful dodgers up to
this year.
i The big corporations have grasped
the last straw ond are appealing to
the board of review for reductions.
They allege that they are being as
sessed twice on their porperty once
(Under .personal property and real es
tate and next under intangible prop
jerty and stocks.
j In arriving at the amount they shall
tax the capital tock of a company the
.board of assessors takes the amount
iof tiie capital stock, adds the market
value and debts of the company and
fthen takes one-fourth of this, which
is taxed.
The taxes of many companies will
,be tripled and quadrupled if this goes
through. An official in the state's at
torney's office said that office would
oppose the arguments of the firms be
fore the board of review.
"The board of assessors and board
of review haven't been very friendly
toward the capital stock assessment,"
said this official. "We expect some
"The amount lost the county by
the action of the asessors in failing
to attach proper affidavits to the as--sessment
roll amounts to millions,"
said Ass't State's Att'y Berger. "This
year the situation is changed. The
state's att'y is really representing the
people and by this representation we
expect to lower their taxes. Yes, we
are encountering a great deal of op
position from these corporatians and
the big business interests."
o o
Washington, Aug. 21. Threaten
ing as the German-American outlook
was, officials were still hopeful to
day that the Arabic affair would not
lead to a break.
Explanations were looked for from
Berlin. The administration's atti
tude is not irreconciliable, it was said
on high authority. It will not submit
to a slap in the face from Germany
to the United States, it was stated;
but it has no intention of disregard
ing the kaiser's foreign office, If the
latter has anything to say.
o o
Vigilantes of Long Lake met yes
terday after certain members had
learned that a telephone had been In
stalled in the cottage of Emanuel Ro
mer, a Chicago insurance man, who
was recently discharged when he was
arrested for attempting to contribute
to the delinquency of children.
This was taken as evidence that
he Intends to return.
It was decided at the meeting that
If Romer attempted to return he
would be rearrested and tried in
Waukegan on the same charge.
Romer was tried a few days ago at
Fox Lake, but discharged because of
insufficient evidence. He declares ha
will return toLongLak&

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