, 1876-01-02

ing is the comparative assessWeus aua sa3at1on
OF 1874 aud l675:
SOUTH xsfIeaae Chicago. ,so:,74s,5o3
wsst cstsago:.. s5s7,s33 5s7 ,s3a-s,ssuogs
Added by State Board, &c Per 40 o.,,.,
Total personal in city. ses,1s','s7
Lands and lots.
South Chicago. .SN ,540..ol
West Chicsgo..... 3z,11?,9ll
Ha5 HS5n e nsf esnt sats Btu g.
Total. -
Tho following rates per 800 we're levied for
the various purposes: State. q cents; county,
10 cents; South Town, 2 7-10. cents; South Park,
10 cents. The Safe and county taxes wero
levied on tho full amount above, and the South
Town and South Park tax on the amount OF the
assessment Of the South Town: which can easl1y
be ascertalned from the foregoing table
Personal. 1875.
South Chicago" a, 81, ,o!s
ESs.h S,sts Soasa sasiG :ad &; PEI ssat
Total personal In city.-...-....-...-... $4,s.iV4
South Chicago. $40 is,9 -
West Chicago..... 3o93,,!4o 49,. ~.
North Chicago. l0,sl0, s98-sS2, 861
State Board adds So per cent?. l., o9oo41
Total real estate. Sl2',S'o9oS
Total for 1s75.................... figs, 20, ,o12
On the above amount. with the ADDITION OF
about So, 600. 0oD for stock companies and rail-
roads. the tax Of 1875 Is figured as follows On the
800 valuation: CITY tax, S2.A county. IS cents :;
State, 80 cents; South Town, 3 9-10 cents; South
Park, Is cents.
The sano statement made at the close Of the
table OF 1874 is applicable to 1875.
Allow me to sum up the points OF d1nerence IN
the two tables Of comparison:
In 1874 total assessment eoualized. $2A 63S 475
In 1875 total assessment Is cqualized.. l6*2ol o1a
Z ec Az 49,
Now allow me to state that the total amount OF
tax Levied for 1875 is between $200, GOO and
S3O0O00 less than for 1874. And as the total
assessment, az cqualized by the State Board. Ii
SG6, ,437. .46l less for 1875 than for 1874, the
rats per cant to produce the amount
must nus bo correspondingly increased. nv
taking the pains to. figure on ;, the
data above given in connection With the follow
ing, any one eau prove my statement that tno
total tax Of 1875 is less than for 1874. For l6'4
boulevard cents, West Park d CENTS a!l en-
original assessment. For 1875 the West Town
tax is Is cents, park aud boulevard cents, West
Park, on assessed valuation, 26 7-i0 cents. -,
Tho foregoing comparisons and figures viii
show that the total amount demanded Ct tax
PAYERS for 1875 is less than for 1874. though In
nv opinion it ID more by at least million dollars
that il ought to be-, and would DO II our
municipal and county officers in their official ca
pacity would face the times and situation square
have shown that in the aggregate tha total
taxes assessed are below what they were Tor lb74,
! md have also shown that the action OF the State
| Coard adding 81 per cent to our assessment does
operate to our disad'ansage to the 1teni ;ssad
! against COOK County By the action OF
! tie State Board by their addition will be cover
ed by S225, 600. When our total levy ls near
S9. 600 600, this ems 900 becomes quite lns!Sn!h-
| cant to cause 10 much coumotlon and lnoisna'
| ton. .u.
| some mode of 1elief for those justly aggrie7ed,
| hut before doing 80 must refer to aud leclte
some OF the provisions OF the heveun9 IL" 70
make my points plain. It is GensEally kno"u
that our assessments are made by Gown
Assessors elected in April Of each year, whose
duty it is to make the assessment between. the
let day OF May and the 1st day Of July. It ls the
t duty OF the Assessor to furnish proper blank
to be- filled By the assessed and returned to Tue
| Assessor with the number, quality, and deecrlp.
tou of the various articles therein listed, and the
Assessor's duty is to aaix the respective values
opposite. Sec. 26. Revenue iaw reads as fol-
! lows: "Whenever the Assessor shan be
OF the opinion that ihe person Es,.ne
| acnedule, be may examine such person ladei
| oatb. etc. The Assessor is not authorized to
change said return in any wise without nrss call
| ing the party making said return beforo him.
/ Rec. 8 Of the General Revenue law r.ads II
followa: s.A1l peraonal property ehall be valued
| ar it's fair cash value" Now, It ls we'll under
| stood Notwithstanding the section above, b.
tbnso who have given any attention 10 tax
alton. that tho baeis Of asa .ssmeu
| in many or most cases is 40 per cent ct the
| value. II this should be questioned, o. no
| understood BY alt, as I am -" 70 i is not, vii
| rafar to the National Dauke . illussr4.e- Ths
| lan governing National Banks reads as follows
..rhe stockholders Of oyery bank located within
this State shall be assessed and taxed on shs
| yalue OF tneir Bhares of stock therein" ETC.
| anhiecf hnaaYet to the restriction that taxa