New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1890-10-21

| guarantee that INC CilJ "ou'u INV w u'P'''-
| sum each year. s-. D.,
IN NJ Ivns-I find Cornelius Vanderbilt isdo~n for
s3G NJ qcGcem.nYe and he found fs win that t we
e 900 coo a11 personal estate. ,.,.s, mar
oDo you know that there has EYER oe fhsss RSs
H iSIns Of psrt as Of Il held trust divides sa;
Q~1s there any means Of aisc o. he surroSae's
once. Cornelius Vanderbilt he's two SaVs ost t"s
in Newport and one In NewY9rh , ,s nave son ps to
great deal Of money through New-pfA''' e''HS
Ne sepnaor rasscttso the city CONS of better by
taking what parties are willing to pay f"'e' '"A"
0rse h ISIn ,nT people to Newport ,a ar;
usually Chased among tho better lass aren't 'n''
L1TH Ss course ,,. ~, .t. here, A.
ar sI vns-Ths taxation s pon the p0OIr people PIE
tho Ignorant people & "a general thing inc
"a orS Sa who arc rich eoh and those who are
enough ssSnRe estate ps sssous
sitas ~ ~ ; sss Isss with the
oHnd yet this Is tren.ndous under estimae Of
the wealth Of the Vanderbilt am a9nt say u mSfr
s OF %,o tine 81 course, entyou must blame the
e-1ment and the State lawsior 'ha' uon O'''0 ''''
.'r. 1,ins-oh not ut al ~
Mr. Fassett-ws are trying to find out the faSs $50 SO
as to see, If possible ho' 70 make chSnS' i'' WIG
0' Mr. 1vins-rhe theory Of the lay + that
a proroTcn to nf the w.a and By
them from the community TO the sustensnce ana anu
Of the q &c s that
conformcd to that tina OF the Vanderbilt case! A.
You viii find very INCH more outrageous cases than
does GSa III pay is t ps,'Sntd
Me w aio so n1s sas 90 to 500 .,
ia, and
ie o that was ne united assessment Of the Gond
my in this ely b 70 De sxoan DtRst though Jay Gould
might be worth 81 100000 he PAYS taxes through '''
corporations that ae is connected wIth' .
Mr. Ivns thel, with the Same thoroughncSs WIN
which he had go Into the question OF personal prop
ertr held bv individuals took up the case OF banks.
rbc result Of Iuch questioning and the giving OF
humorous details simply this. that 1t IS with oaks
as II Is with Individuals. Big banks. lnat are ri."
enough and shrwd enough to take advantage Oh 'no
law may do 81, II they want to- and little BANKS arc
apt to be, and generally are taxed 10 t'io limit "o
fewer hands ggc capitals are aggregated III, tne nl1e
likely are they to escape taxation. "Our present SIS
tcmS said " WINS when the question OF re estc
came to be dsrussed Us ho'H'ns ihioo '''"
said Mr. coleman 1T is trying to r nTla NAT WaI'r yg
can see daylight through them ,.. ", Goldman
senator dcNaughtOn asked what Mr.. Coi e,td
thought Of Sy PES e SoSen sas revise ss
system OF axstlOn. Mr. Coleman though. Una. ,nrer
RISK that sclnSH lnucItStS
added, ~ should think that the state Bo sd,r o.
AsS zee fs ao ae spppoted with STATE
BOARD Of assessors and one or Two men they should
have var or more to go the matter thoroughly
think would DO great . dsai Oh seS We're appointed
the M city asscssors st Beyond the Of com
m.sionrs lie thought they were removable .na now
sct ,hes were not. The assessor. are Messrs Gon
Wendt, IIaverty and Cahlll. Cahlll was appointed
ssI sroRen to him about cahln Hayerty was ep
Ss IN ss and r %e Tn no wS sppe
atont tbc same time was recommended by Messrs
ott Often stelnway and other gentlemen connected
in ias5 Tie witness said that Mr. Grace had spoken
TO him about Gon Who had been cosr, d Ss as .o
have him appointed.
Mr. .vins-Do you hold yourself in any way ,,I re-:
to &c that they don't delay in anything.
Q-what does that particular Board coast the CIT 7
A-About $4,000 or $4,000 year, besides rent.
"o-Couldnt the work he done equally wh by a
a aeic drctv under the eye q the oner Of
Taxes and having the clerical help necessary! Al
The law 40 ordered IT, il could he done and dare say
the work could be done good deal cheaper than IL
Is now. -. :, $1,000, A.. t., -. n
II Was NV private business certainly would have an
assessment all under one head
Mr. Coleman told Mr. Wins that he Was ono Of the
members Of tho Board Of Estimate who made the ap-
UrOpratlOns for 1SoU. lHc TAX nAco "dp VI Oc'
Incident to that appropriation.
Mr.. 1vins-That is the lowest ratio in many years I
A.--Oh, yes. =, " ,,. los,
any part in making that rate1 A.-No, sir; they
we're not members OF the board. ,
o.-But they inherited a low tax rate for the first
voar Of their admlnst ration. Is not that the fact
A-Wc,l IL had been made 81 05.
They did, however, take part In making the Ia 4
rate Of the current year which Is 81 or A. Correct
Mr. WINS called attention to the fact that although
M ,croase IA only two points the actual increase in
., neudlturc In 1900 1850 Is between $4,000 0co
and Is, 100000
Toward the end Of the days session senator Nc
Naughton Mr. WINS and Mr.. Coleman lost sight OF
internal city affairs in three ornered discussion about
Tho CITY and the State Boards OF Assessors and the
state Hoard OF Equalization . 40
Then Mr.. Twins asked Mr. Coleman II he ala not not
closing the budget from December 81 TO February
an that the Mayor would not have to 20 on his pre-
decessors budget. for tho first year Of his term MI
Coleman said that while the change might be Desirable
in this as In ell such matters everything depended on
Inc man who was at the head Of affairs.
The committee adjourned until to-day at 10 80 a. m