New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1893-07-04
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g. rror,;ors RS lint ...... l2l5p.slS GO
Cor Grafton , non.rcsid ut. 3Sll - "'
rSronal. nonresident .... I@as ar co
Banks IC11.- sos %; .253 30
Total valuation for 1898. .-.9 '''' 81
The increase of assessed valuations. Sloj.25f27i
in one YEAR is an unprecedented advance ia estimates
of real and personal property for the purposes oi
taxation Last year 1852, showed that real c>'a''
values had been advanced SiO.GjG,7o3 over 150 am
many people insisted that there had been unou' III
fation Of land values. What Will the same p'oPP
think OF an Increase OF S57G17.79o this year over '
big excess of 1859 II alleged that last year :
work had for its object simply the keeping down OF
The tax rate TO deceive tho taxpayers. over T1''-
100000 is now added to the real estate burden ana
the tax rate will go still lower. probably ron 10 10
SO or less. Rut this docs not mean lower taxes.
II means that the effort TO deceive the taxpayers i
being continued on the lines which Tammany
started under Mayor Grant
The largest increase in real values naturally IS
IN, tho Twelfth and Twenty second wards. whore
more valuable buildings are being erected But
great as is the imitation Of landed values. th'y arc
thrown into the shade by the additions piled up III
personal property. The net increase last year over
1901 was S0.I917A6 For 1895 an nlcrcase on
personal property APPEARS Of s'i',3'"404' OF
nearly 80 per cent Of the total additional valua
tions Of the year OF this the personal residents
contribute over S3OOoOOOO: the nonresident
$4,000 OOo and the shareholders Of banks So
100000.
This amazing exhibit, President Barker asserts
is due to the provisions Of the Dcyo law, socalcf
because introduced and passed under the Influential
management OF Israel T. DcyO. Of Binchamton
one Of the best known Republican leaders Of Tie
Assembly II was conceived for m" purpose ol
preventing capitalists ovadlng taYa,ion by invest
ing in non-taxallc securities. Tlf Dcyo law com
pes them TO make oath that such Investments were
not made for the discredltable purpose Of cva1ing
H.
has acted n preventive 30 many bankers and
brokers and holders Of stocks and bonds Of diverse
kinds who have been in the past accustomed TO
"swear of" their assessments.
Mr.. Barker held that the law required the indvid
ual assessed 10 come 10 the Tax Department AMI
subject himself to a cross.examinaton as to hI'
personal property. Many preferred TO let the as
sessment stand
This wear the Commissioners refused 10 accept
afIfdavits Of exemption fled by savings instu
tons OF other States in relation 10 New-York City
hank stock held by them. These regulations.
which President Barker insisted upon enforcing
rigdly kept several thousands Of dollars on the
personal assessment rolls Which nave been wiped
of in preceding years.
The JAY Could estate helps 20 swell the personal
total this wear by flO,OOOCO0. which Is the sum
originally fixed 10y MMr. Barker. This Is an increase
OF 80 500 900 since Mr.. Gould's death. The trustees
Of the estate and their counsel made systematic and
steadily declined 10 furnish hedue exhibit
giving the actual value Of jay Gould's personal
wealth. Mr.. Gould'S standing valuation OF his
personal estate. upon which he paid taxes during his
lifetime was hut 100000. The Sidney Dillon Is
tae which has also been the subject Of controversy
war pay a personal tax on 81 100000.
The tax rate last year 81 - Oh 300. 1t Will
drop at least two points this year. and perhaps
1t will certainly not 20 over ~ So If proper
economy used in municipal expenditures, with
the immense imitation Of values which the assessment
OF 1893 shows The rate ought 10 down TO ~ 20
81 7j Bnt Tammany wants 10 distribute e3.0J0 900
more this year than 1t did last year, and the additional
sun must come ont OF the pockets Of the taxpayers
The 30 he raised by taxation this fall Is
s35,177420 So. The Board Of Aldermen can add
not 70 exceed per cent 10 this for deficits.
The bank stock In New York is valued al SSS.470,
724 II will pay about Il cents 800 less than
the fun tax rate rs 1t is exempt from state taxation
The tax books VIII remain In the hands Of Chief
Clerk Blake Il the Common Council for fifteen days.
when they will he given back 90 the Tax Board.
The tax rate will be officially fixed on August %,
10 which DAY tho Board OF Aldermen adjourned.
The tax books with the taxes extended and the
arrearagc Of assessments and water rents Included
must be ready for the Receiver Of Taxes on or be-
fore September l.
President Barker has had five colleagues this year.
instead OF three law allows and three Of the
five have been now in the work. Naturally. the
brunt of the last four months labors has fallen upon
him. Nj. Barker 10 take vacation until the
last week OF September. TO give himself chance 10
rest up
Besides the $4,000 900 personally set against the
JAY Gould estate. George J. Goud will pay personal
tax on ~ 400 O00 Edwin Could on 100000 and
Miss Helen Gould on 100000.
The large personal assessments ncludc these:
The william H. Vanderbilt estate, $4,000 900 Moses
Taylor estate, $4,000 900: william AStor estate
GO 600 600; William Waldorf Aston 81 100000 sid
ney Dillon estate, ~ 800 900 Louis G. Iammerslcy
estate and John b. Trevor estate, 81 OON.0)O each ;
Daniel T., Faycrwcathcr estate. $50. 900: Same"
Willis estate 900 900 Adam spies estate SO $50
the John Knower Joseph Mibank. Elizabeth NJ. IN
derson and Il. T. Babltt estates, 100000 each. This
Is personal property exclusive Of bank stock.
one hundred and dghy-thrcc persons and estates
assessed personal property above 800 900 aud
less than 100000. Those 100000 are Adrian
Iselin and the Sarah Talman estate.
On $500 OO0-Max Well estate Augustus Kountzc
estate Richard G. Morgan estate William r.. Dcnnison
estate, and Schuyler skaats estate.
on $3.50 ,OOO-Robcrt Goclct. ogden Goelct and the
estates OF benjamin p. Kissam Robert Irwin, George
Law Isaias Meyer, Charles g. Hastings. Henry Keen
Edward II. Buckley. Eugh f. Dckey. and James r.
Gibbes.
On 800 OOO-Euccne IIiggins's trustees, Eliza IIg
gins's estate, Cornelius Vanderbilt Maria L. Wander
dit, ". X Vanderbilt. James f. Candy estate Oliver