The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1875-01-04

the innuoce OF the country members, whose dis
tricts areby this tax-whlch manly tails upon New
might otherwise be imposed upon them proven ted
the desired legislation. IL Is still live question,
and naturally with the convenlng OF new Legis-
latuie, with new political party in control, there
Is fresh consideration OF the matter Just now.
In conversation Yesterday with a gentleman who
mas been closely Identified with the real estate
interests OF this city for many years, being himself
a large owner this question came under discus
sion In connection with the general subject OF
taxation. Or course real estate owners who are
anxious Tor city improvements have TO consider In
that relation The means OF obtaining the necessary
money lor such improvements The gentleman 10
whom reference has been made gave some fresh
suggestions in this regard that are worth reflect
ing upon between now and the time when this
problem Will call for quick solution. 1t Is suR.
gested, as means OF OBTAINING the consent OF the
tax on mortgages, that all personal prop.
erty be declared exempt the amount received
from tn suc9 Cost tax beng very
ease OF evasion in consequence OF the exemption
from taxation OF such securities as government
bonds, into which otherNpersonal property Is
readily convertible. To supply the deficiency In
the taxes that would follow this exemption OF
OF real property, he proposed
THE EXTENSION OF THE LICENSE SYSTEM,
such as now prevails over many occupations, to
all business, the object being to secure from par
ties doing business in New York city and residing
elsewhere. and who do not pay any taxes here,
lection from the Fire and Police departments as
residents, without contributing to the support Of
Tile sdne que prOpOrtlOu vi TIE EXPENSES VI
such departments, as also those OF the law courts
and otner local institutions In the bene-
fits OF which they share equally, 1t may
be said, with residents and taxpayers.
Why, 1T Is argued, should q pawnbroker
be compelled TO pay license lee TO carry ON his
business, when banker or broker VINO lends
thousands and tens OF thousands on stocks and
bonds to the formers SIS and $40 on personal as
sets, such as clothing and jewelry, pays nothing
TO support the city government should he happen
to reside in New Jersey and own no real estate
hereY Why, again, should o carman be required
TO take out u license for the privilege OF carting
goods when large importer and exporter can
cart his own goods receiving the same protection,
without paying tax?
This matter can only be put forward here at this
time as containing pertinent suggestions when
the question arises how we shall DE able to raise
money for much needed improvements. notably
new docks and rapid transit. The views
quoted above are, as has been SAID
those OF a shrewd, experienced. practical and
conservative man, largely identified with this
market anQ having a considerable stake IN the
future growth and prosperity OF this city. The
views OF such men are always deserving Of
thoughtful consideration.
THE CLOSING WEEK OF THE PAST YEAR
presented no new features in the way OIL trans.
actions Most OF the public sales were adjourned
over until alter the 1st INST. The advertised legal
sales Tor this week at the Exchange SaesroOm
comprise the Offering OF Jwenty-three parceH,
mostly In foreclosure.