The Jersey City news. (Jersey City [N.J.]) 1889-1906, 1893-06-01
TAX ON CORPORATIONS.
Where We Get the Money
That Pays the Expenses
of the State Government.
THE STATE BOARD OF ASSESSORS.
Over Three Thousand Corporations
Contribute, Not Including
Railroads.
Special TO The .lersey oitg Ns,ys

TRENTON. June l, 1S93.--The State
Board of Assessors today announced the
tax on some of the corporations doing
business under the warrant of the State,
which are not included in the railroads
and canals. This list is interesting be-
cause it shows the tax paid by all the big
trusts recently formed aud wor king un-
der New Jersey certificate. The ex-
penses of the State Government are paid
by corporations. and the principal con-
tributors TO the State fund are the mtscel-
laneous corporations that include the i'll :
surance companies. gas, oil aud electric
light com paniss. aud all the concerns ln-
corporated under the laws OF this State
| but doing business in other Statss. The
| list reported is only partial aud cOutains
| 1.741 corporations, Including all The
| trusts which have u capital stock OF three
| millions of dollars aud over. Tne State
| Board of Assessors expect that before
| 1898 goes out thai tney will TAX about
| $500 CORPORATIONS, two-thirds OF Whcl
| aud are doing business in other States.
| The i, ,74I corporations will pay TO Inc
| State of New Jersey $499, ,9oi.3S. At least
| one hundred theusaud dollars more wall
| be added TO the aMount before all the
| companies are taxed.
THE INSURANCE TAX.
| The four New Jersey Lite Insurance
! Companies contribute largely to the
fund. They are taxed sl04, ,5s8, tae lar
| gest part of this falling on 5n1 Pr4den-
1 Of Newark. The gas and electric lisnG
| companies. pay s30,SSl; insurshcs com.
| panies, other thun NE, IS, ,15e; oil and
| pipe line companies. S7.742.54; parlef, pal
| ace and sleeping car compauies, $l,0l 5.SS;
! telephone. telegraph, Cable and express
| companies. S 0539.74. The 1852 mlscel-
| laneOus business con Germs. $40 227 .09.
| The capital stock Of tn ese CORPORATIONS Is
! S505, 1888 306. 1t Is swe lied so large be-
! cause it represents the cream OF the
commercial and mau ufacturing schemes
that have rece ntly been consolidating.
| stch as the trusts and Tue combinations.
WHAT CORDAGE PAYS.
| The State gets much or tais tax III
good solid cnuuks. L he American Cot
ton Oil Company has capital stock OF
$50, o70, 100, on when tLey pay tax OF
S.. .253 o. The National COrdage have a
capital stock of S35. 600. .603. and tney have
been helping the state along at the rate
of S., 600 II year. This concern is now in
the hands of receivers aud may reorgan-
| lze The North American Company mas
| Capitalization of S39. a, 203, and theY
are assessed at S5.735Tl. ln1 Tobacco
| Company's capital is $29, ,sS5 900 and uhsil
tax 5,24l.75.
DAsEB ALL PAYS WELL
The making of base bali goods is stfll 0
| protitaDi business for Az Sp&uidtng &
Brothers, vino now nave caelSal OF
S3.04l 800, aud they pay So .020 Is to New
Jersey each year. Tue Auieriean Book
Company nave 81. O0o, 900 capital and 81. coo
tax The American Lttaograotl CoinDauy
$40. .978 400 capital stosk. which cast them
81. .299 eacn year The Slaa Fo6utaIl
Company is dovu at S3, 750 COZ, aud the
tax s3,375 Tne Type Founders Trust
have So, 900 GOO capital. aHd pay 81 200 tax.
Fl. b. Clafiin & Company S9,O0J00J cap
ital, and pay 81 200 tax. Tue Herring
| Hall Marvin Safe Company are doing a
| business ON capital OF S3.300O00, fol
which they pay II tax OF s., l5U 80 The
John Good Coriage and Macniue Co,
are down for 1000, 900, aud tax Of 81 GOO
Litho Carpo Company $5000,00O capital
aud $1,000 tax.
Tne National Tube Works, S11, 500 900
and the Tax is ST. 1926; Fhe Natlonal Cotton
Oh Company, 50 306, 100, tax S3.l53; Ma
tianal Rice Milling Company, 50. 1s7. lax
So 093; Proctor Gamble Company, 81,
10000. tax S375l: United States Book
ConUany. 50, 800. 900, tax S3,45l; UnioI
Tank Liae Company, SO, 100000; tax S.. $50
Union OH Company, $1,000 600, tax IS 600
Twin Guy Rapid Transit. st5.OlU5 500. Tax
81. 500; Southern Cotton Oil Company.
$4,0OO,0O0, tax $500: Sugar Manufactur.
ing Company, 1920. 09O, tax S. 210. These
are rweuty-el2hL OF ths prime pai trusts
aud combinations. Their capitalization
s291 e6 ,052. 81. anA tney will pay into the
state Treasury this year $i25. 424,79.