, 1874-01-23
THE COURTS.
Another Corporation Fighting Its
Taxes.


A Case OF Rather Excessive Interest,".
Criminal Matters...SeW
Suits.
ANOTHER ATTACK ON TIE STATE BOARD.
The North Chicago Rolling Mills filed bill yes
terday in the Circuit Court against Lawrence
O'Brien, Collector Of Vest Chicago. Complain
mt states that it was organized under special
charter in 1869, with capital OF 81 ,00o, and
liberty to increase the same to s3,000,uo0. It
was afterward increased tn 81, 340,o1S. The As
scssor Of the Town Of West Chicago in May,
1873, assessed the personal property at 100000
and the real properly a. 5236, $1,000. tbs
County Board OF Equalization raised this
valuation on the 1eal estate 6 Per
cent, making tie amount S251. .so669,
which WAS just valuation. The property above
mentioned is all that the Company owns, except
about 81 900 worth in South Chicago. This is
all, moreover, that can be taxed. except tax on
the Corporation as such by rcason of its exer-
cise of corporate franchise, which, however. can
only be imposed By tile Legislature. and not BY
valuation. This corporate franchise, it is
claimed, has no pecuniary value, being only 4
mere right to smelt. roll, or otherwise work iron,
common to all citizens OF this State. The capital
stock has 10 value Except that derived from the
real and personal properly of the Company.
which had already been taxed. The State Board
of Equalization assessed S529, 1910 against the
capital stock, adopting their usual rule Of pro-
ceduro. Tho stock il held By various parties in
aud out Of the State who all pay tax on their
various s1ares. The personal property WIS
raised GS per cent OF to $lG3, 900, and the real
property to S505, ,339.97. The taxable property
Of the State was increased ove ri per cent by the
State Board. The Board cannot, It is claimed,
assese anything against the capital stock aud
franchise, aud tic action Of the Board is IN rio-
la1ion of the act under which that Board pro
fesses to work.
The uncouytitutlona1ity of the State Board
and its rules ure also urged II iB also claimed
that the State Board, contrary to law, omitted to
joint stock corporations. The "grab law +" il
also attacked, out no new points are raised An
injunction il Asked as III all the other bills OF
tho kind, which was granted under a bond for
$15,oOo, until the Cd OF February, to give COM
plainant tlmo to move for the usual Temporary
Injunction after notice to the defendant.
George Willard is solicitor, and Judge Lawrence
aud j. N. Jewets counsel for the complainant.
i POOR RULE THAT WILL NOT WORE BOTH WAYS.
Theodore F. Coukey filed bill yesterday, in
the Circuit Court, aGaiust And4ew ". Allen to
restrain him from selling ahouse. Complainant
states that ho is the owner Of the brick house
No. IS Drynn place, and has leasehold interest
in the lot which it ls situated until May 1876.
In September. 1872, he borrowed 1,10o Of the
defendant and to secure 1t gave note for
II, ,43O and c4attel mortgage on his house aud
lot. The II, ,433 the price Of the shave" or
as he alleges, the amount paid for interest. 1t
was also provided IN the mol3ea5e that' III
case OF non-pagment OF me note'
or OF any ground rert, tile mortgage might oe lore
closed. 4 short time ago one ". A. Phelps,
pulportiu. to act as attorney for Allen, adver-.
tised that no would foreclose tue mortgage anu
sell the property January ~, or 5e6teroay.
Complainant alleges that he mas oitefeo 10 pay
tue u, luo with interest," ana coots' DUE Alien
o3n Ahofh u1ua rrHUl}AHS
will be sold. aud lie therefore asks IN injunction
aud al aecouns aud tot PERMISSION ~ 10 !eaeem on
payment Of u, 100 aud Interest. me Injunction a
was granted on filing bono III tue sum u Saoo.
BILL TO FohEc1osE:
Rufus f. Holmes aud George sasalle hled .
bill against Pierson D; Smith. complelnants
state tAat one William Il. Smith. now deceased,
made, in 1860, to Holmes, t"euty coupon bonds
OF $1,000 each, Tor the payment of s2oooo, each
bond having ten interest coupons, Tor the sum
2, and 8, Of Lot s, Block 49, Of the original Io"n
died il October, 1870. Complainants allese that
the Inst interest and coupon mole are unpaid:
that By reason OF tue destruction OF Tue old
doubt exists as 70 where trustee ought TO sell
that the premises are scant security Tor the ioan
but Holmes is willing to take the premises in
payment under strict foreclosure. and they
would therefore ask an account and foreclosure.
AuQ Luat kle plAEC u 6f41 A40oA A1o - 0oh A0GA
may be defined.
SUIT AGAINST DELINQUENT TREASURER
The Board of Trustees Of Township No. Il,
north of Range II, east of the Third Principal
Meridian in Cook County, otherwise called the
School Trustees of Evanston, commenced an
action iu the Superior Court against Samuel
Greene, the delinquent Treasurer OF the scnoo!
fund. aud his bondsmen, julius White and
alerfl ladd. The action ,s IN debt, and the
damages are laid at .0oo. Another actlon Was
commenced On similar BOND against Gfeene.
and John II. Williams, Louis hlstaer, AMI Louis
H. Boutell. ..
SUPERIOR COURT IN BRIEF.
Miller, Watson 4 Co. brought suit for 50, 500
against Charles u. Beckwith, Franklin Il. Beck
with, and Charles L. Eeck"ith.
John h. Mortimer aud Charles 1. UeDost De-
gan an action IN attachment against Hlllam
kurka to recover 81 ,023.92.
1rvln Reed sued James Baxter Tor Slo.ooo:
Charles ". Rose brought an T. actlon aga4nst ;aI
Gibson S. cleveland, James .. C1easeland, W. L.
Johnson, e. +. JohuHon, aud Samuel q. UT Tor
81, 000-
]. B. Smith, q. q. Smith, snd Frank I. Elliott
commenced SUIT Tor S2so0o against huton
George.