The Rutland daily globe. [volume] (Rutland, Vt.) 1873-1877, 1876-01-04

prospect Tor lSIO-A Contrast with Lie In
China-Large Sums Paid by Wealthy New
Workers in the Way of Taxes-Divorce and
Other Law suits-A Literary Family. etc.
New YORK, Dec. 80, 1875.
The closing year is cheered by the appear.
ance Of the tax levy for 1876. In this city
taxation is natures first law. On the Grst
of this month all unpaid taxes for 1875 were
increased by a penalty Of one per cent. The
levy was thirty-two and one third millions,
and owing to the hard times much larger
proportion than usual fell under penalty
December Is the penalty was doubled, and
on January all arrears will be booked and
advertised for ISLE. There are many bust
ness men who seldom pay tax till la penal
ty has been incurred. bat this year property
has been so unprOductive that the delay
has been general. Tax sales next year
will be larger than ever known in the his
tory of this city. Any man who has time
and money can make it pay to attend these
sales. If the property be redeemed before
the expiration of Il year the legal interest
allowed the purchaser il one per cent. per
month. It the redemption be neglected a
good bargain is obtained. One If my ac-
quain,ance. L. Ii. Muuson, has grown rich
az this business. He has attended tax sales
for the last quarter century, and probably
understands the system rs well as any mar
living. Munson was retail grocer, and
invested oil his spare fund in this manner
until at last it became his specially.
FACTS Of TAXATION.
The estimate Of the levy for next veal
Cbeing $50, O0O, 000) ia less than the present
levy, which is 1872 67,744 As. 1t is evil
dent that our rulers feel that they have
gone beyond the point of safety. If taxes
are to be paid at all, they must be kept
within paying bounds. The ratio of assess
ment for 1876 will be less than that of 1875
or the decline in real estate cannot be over
looked. That Of 1915 was less than 1874
the former being 81 1903 943 500, while tht
previous year it was 81, 154 029, l76. This
was the highest valuation ever made OF New
York wealth, and will not soon be equaled
But although the roll for 1875 was dimil
ished, the tax was the same, for the RAJ,
was increased. Last year the figures weT'
So so, while this year the rate is 81 "a
During the last four years this city has psiC
1920, 000,0 in the way of taxes, ant
owes an equal sum in bonded debt Ou
annual interest bill is only nine and one
third millions. The department of tiuaDc,
requires $3.50 600. 1t cost $50 900 for tn,
mayor and bis attendants, while the tax de-
partment alone calls for Sl50,000. Th,
pay list of the city judges and court Incl
dentsls is ) Pot, 600, and yet it takes fiv
years to reach n case on the calendar. Tn
police department, which is the chief pal
ron of villainy, receives nearly So, 900 20
| from the taxpayers, and gets Do doubt n
| - oOu pvi uay 10 t'"'"' 80,
shows what happy people we are.
THE PROSPECT.
Holders of properly are continually flat
tering themselves that bottom rates on res
estate have been reached, and that matter
must soon improve This point, however
can only be settled by the future. All ths
can help this city is revival of trade, an
thc onestion to be settled is whether othe
cities cannot excel US in commerce Res
estate will not recover until this point
satisfactorily established. A few days az
a committee of merchants waited on Wu
II Vanderbilt to obtain favorable rates {
freight. Somthing of this kind must
done. or New York will eventually sha
the fate Of such once famous cities as We
ice and Antwerp. To pay tax of S3u
600 600 next year there must be reyiv
of trade. viii it come ? 1t can only be r
pljed. wait and see. The opening OF Il
new year will bring an immense throng
fresh applicants for city patronage, aid
large number of removals may he expectt
No man can remain in any department u
less he has an Influential patron behind hiI
The death or removal of such patron
Immediately followed by decapito ion
all his appOintees, each OF whom may e
l with the man III Timon of Athens,
/, 'sWould were gently put out OF oflce
? Before was forced out"
t In New York. however, the favorite W
+ of getting rid Of All incumbent is to ski
G him out.
: r,vopARIF CONTRAST.