The Jersey City news. (Jersey City [N.J.]) 1889-1906, 1896-12-14

49, 1890 esfGot -
CO. GIF IL s yssseym Aaiyf 1900
| ~ II ~ - 2 e - aaos = :, $1,000 ~ Z ~
f copt5inr tn the;r sy 5sS,ost tbev nv asebt
per cent. upon Their prefe5rea sfock. ana
| from ten ta gbSrtaan nar eent r. their
common stnek anns,aliv
That manufacforT is lore ted IN Jersey
City. That CORPORATION is said "a be as
sessed 10000 for lis rial Estate. and sf0O.-
0O0 for its parsanai nrnnarTw Nv 4ha Ioeal
! assessors.
Total local valuation For tavat;an ssOo
| 600 on a plaat l3aviSsy aao,t tan ner cent
dividends on s5.06o.06o Of sock.
United Railroad comuanies having s2o.-
0J0, 0G0i stack nay ten unrF cent. div{dends.
are taxed OVER $500. 0Ni annually.
The tobacco company having 5000. co
stock, paying ten ner cent. are taxed
less than $1,000 annually
One OF the largest newspaper companies
in the city makes a similar Showing.
Mr.. Carl Sherman testiied before you
that he had examined the Inventories Vt
the Surrogate office IN Hudson County
from 1890 to 1896. a period of five years.
and those inventories amounted to over
SIG. 600, 000.
There is $1,000, 000 of personal property
in the savings banks, q large proportion
Of which, probably oae-half, is IN bonds
and mortgages, the remainder is in other
| securities.
The national banks have on deposit, ac-
| cording to their statements, over S7,00 Co.,
The surplus amount to over 81. 000,00
To these sums must be added the per-
sonal securities held by individuals, and
the merchandise Of various kinds in the
many stores and warehouses.
It is entirely safe to say mat rs per cent.
OF the personal property in Jersey City IS
not listed and escapes direct tax.
II the State Assessors should assess Jer-
sey CITY property as the state board as
sesses railroad property, they would re-
port $500, Ve9W0 OF ratabies:
II real estate WAS assessed at the value
fixed by well-known real estate experts,
the assessed value OF real estate m Jer-
Assuming that the personally IS So, ooo,-
~sey City would be $50. 900, oeo, and & rate
Of one and a quarter per cent. would pro-
duce S2,4Sl,UD, theTpax raised this year IN
Jersey
AS 70 tne amount OF IneSe taxes colisct-
ed. Inc taxes or me STATE assessors arS
all collected. me Z assessed Ply ioeal
assessors are only paruy eailscssa
by the annual report OF sne Sonlpet9iS
q y 9 ~ ~; III ~ q = sbaps ne a6o,snf If
taxes due and unpaid for 1892 were $sl4,-
34aos, ana IN 1872, sozS' -. aa ~ aras
the interest Of which are put in the next
TAX levy, unaer the term hileis \ z
pubic DEBT ,
Il ls NOT true ina Jslasy Lley $500
from the property y la 1870 l - 'eiS
CITY put "a per cent pensn.- n+ sor
II usrINss q nluSn sieaec- 0i
the IolloWlns rsasons.- ,sas
lie 2tats cohects = = Iarpeav civ
from III .he e rai ana nar o esns -
one-hali OF one PEI cent. as+
!. Th !. dGo IN tne state sbe,,t are re a apo o@p
SSov' oovoVo, ana N me ci.y apous Sos,g'0' ~
anu pnsfe1oiS . u,or,1d fsIi On Jersey
who're Staee eaA "ouio iaA ga
el5y BY he nronartv 81 +ha railroads. was
Bnl u me propee H. q rs ra4ablas Of
assessed loealiy, sneh lAs ~ -
S ssa ses 900 NY wo9 IN : sbare 81 The sfafe
1870 w, a4 s,arabv 5a inoreased accard-
deot Woufu onsreDy nc
ihgly, - - r,+. ,or -.
As 70 county ea4. 5erssy reai nronartv
celyes as LAKES rsoln r SOL 100 pT-apot =
eollec5ea r. In tne Is ssste,s s q ~ citv 2
p1 M ~ rot i eroyn rgb;cb, lb;s tax is
Inc rataples rom M. ~ ~ a =
eoneetea, - y ~i na4ahe - ~ ,b az
NY n5cLsase t1is Saes r. ~ e
tore ooes ny nes nsiT slie psop rSs, =
co III : = so he ca,,r+v rstabIas now
1 sssa = oo oe sss' HShinb ssa aae Go or
ale vsUVu,og9' - ~ s - : ~
aDoul % pef esNe rs = a'AD
Jersey clty. s7.o ooa
The county tax mounts % Slso'vvv, 81
Whicn Jersey CVys share-oo per csis;-
is s462,4ls.
But II the ratabies from Wnicn me
$2Z7,000 paid by the state 70 the city IS
derived, was ADDED 70 Jersey Clty 5
ratables, 1t would Increase those ratabies
to over 100000, 000.
Tha is, If the local assessors assessed
| railroad property instead of the State
| Board If Assessor. or If the ratables were
| added ia cgfv ratables Jersey civ would
| nav If tha comfy fax s52g ON instead of
stS9 ooo
m an i Nv ha vfns Ara State nav this
!, ~ ss97 aon dirsat1v ~ 49, ang ~ ,so@
pun osasa<s'b ~ !, ~ 81 ~ ~ a.sn,at1 ~ = ~
$3.50 80 Hfns $500 Sneat
Soultls Poaiu Is IL 1870
IN auullon 70 ing rale q " PEI GeIt.;
70 JUST sucn an amount as THESE Idhroau
ratables would Increase the cityss pro-
portion OF the county expenses
Jersey CITY also saves py the, correction
ment to her without increasing her
ratables, a considerable sum from the
school tax.
The county of Hudson having s147. OO9 900
| ratables in '94. paws s4f7. IN. a little less
| than three-tenthss If one per cent
Now If the rafabIes n Jersey CITY we've
;nnraasad ~ 4be re51ras5 r54ahgas fro,o
which nc s757 mn is Ier,raJ = n,a,,id
inaraas - ~ ra4ab1aa - Torsa, r;4r na5
4he, : ~ ~ alaa,t $500 y, az Son 80 5ao ~
Tt.oy - dlaoaes S4osovVooV.
900 d mae onn Y que II pS ! Gent on this
szV,Voo WV Moutu pe Sov,vvV. 80 that tne
So9anty p fluas3n, ~ ! % paylhS S4lts-
oVv M9uia pay @sssvoo " snS senooi luna.
All Dut Ten per cent. Oh the amount 50
raised Is returned 70 me county; put Is
the uistflets ~ ~accoIuaiice WIFE the
NUMBER Y cniIuaSh n me uistrlct, hol
~ ~lud VIII the amount PAD py
taS uliereht alsSricts.
inat IS 70 say, Jersey Slly receives now
from tne county szfS,oVo from TINS tuna,
| but she only mas 70 pay TO the county
a school tax Of $2Ss.oOo-,