The Jersey City news. (Jersey City [N.J.]) 1889-1906, 1896-06-03
TRUSTS AND TAXES.
State Board Of Assessors
Makes It's First Sched-
ule of Corporations.
MILLIONS CONTRIBUTE 10 THE STATE
Seventy-fve Per Cent of the Cor
porations in the Country Lo-
Gated in New Jersey.
MILLIONS CONTRIBUTE 10 THE STATE
...,,so.c Icraca ed, Mcapc.


TRENTON, June 3, 1896.-The State
Board of Assessors yesterday submitted
their first schedule of taxes assessed up
on corporations which have filed their GER
tifcates in this State. 1t is very interest
ing, both from the amount of taxes re-
ceived by the State and from the number
and w-idely-extended range of the corpora
tions included in the schedule.
There are about ten thousand corpora
tions recorded in this state, one-half of
which are exempt from taxation under
the law, but all of which the State Board
is required to communicate with and from
ell of which returns are required each
year. About five thousand corporations
pay tax, and the schedule just submitted
includes 2,267 different corporate bodies,
made up as follows
S~eventy-six gas and electric light COM
panies, assessed for SIG, 227 IS; four life in
suranee companies. assessed for $l36, SCI. O6;
twenty-nine insurance companies other
than life, $7.0ss.45; two oil and pipe line
companies, s4,997.51; one parlor car com
pany (the Pullman), 81, 051. SO: twelve tele-
graph, telephone, cable and express COM
panies, 81, 81; 2,14S other corporations
taxed on capital stock issued, s463, 2S7.34
Making the total tax 1851, 546. s..
Nearly all the great trusts and COM
bined companies are Incorporated in this
State, amounting to about rs per cent. of
the whole number in the United States.
Some of the more important ones are as
follows:-The United States Leather Com
pany, capital stock issued, sl24. 4S3, 600;
taxed for ss,974.1S.
United States Rubber Company, $780,
S3S, 500 capital, tax. S5,716.9 80.
American Cotton Oil Company, $50, O69,-
500 capital; tax, $5,253.5o.
North American Company. organized
to control the Northern Pacific Railway,
SAC, 0oc, 600 scapital; tax, IS. $50.
American Sugar Refining Company Ghe
great sugar trusD, s73, sse, 900 capital; tax,
81. 446.s0.
American Tobacco Company (the cigar
cite trust9, s29, 1885, 900 capital; tax, s5.241.75.
A. G. Spaulding & Co., sporting goods.
SS.0Ss. 900 capital; tax, 50, OH
The Twin City Rapid Transit Company.
which controls the strea- railways of
Minneapolis and st. Pau, Minnesota, &c.,
l45, geo capital. tax, $4,55f.26.
H. B. Clafin & Co, the great dry goods
sa.s q New York 1900 coo capital tax
ho ame .r,1st !. Beck osd ooo COMPANY 2 the school
Wanamaker & Brown, of Philadelphia.
pay the State of New Jersey $500 a wear
corporation tax.
Among the local concerns that pay tax
TO the State are the Grant Dry Goods
Company, the Passenger Railway
Company. 81, 500, 900 capital; tax. $500: the
Trenton Traction company, composed of
The same people as the Railway Company.
organized TO secure some of the benefits
OF the corporation law, 10000 capital;
tax, $500; the Trenton Hal and Building
company fTaylor Opera House, pays a
tax OF Sl00.50; the Trenton Water Power
company pays 800; the Trenton Gas Light
Company "a 81, 234. %, and a number Of
others, some of which have not yet Alec
their returns.
The largest tax paid by any single con-
Germ IS that of the Prudential Insurance
company, which has paid this year its
full amount, $69, S30.s7.
The Mutual Benefit Insurance Comnanv
pays $63, 1888.
The smallest tag is that of the Masonic
HAL Association of Elizabeth. which NAYS
l3 cents. P
The basis upon which the taxes are as
ssSsed IS one-tenth of one per cent. nm tn
$5,000,O00s from $1,000, 900 to s.. 00O. 600 II is
o~Ee-tWentieth of one per cent. and above
%a,vv,WU, fifty dollars per million.
II was formerly the rule of the BOARD
MOI 70 assess any corporation for less than
one dollar, but the member of the Board
delt that they had no right to assume si1ch
authority and the assessments arc made
according to the established rate, Whether
ltne tax is large OF small.
,Other schedules will be submitted ae
lHs returns come in from corporations
thdt nave not yet reported.