The Jersey City news. (Jersey City [N.J.]) 1889-1906, 1896-02-17

stand together to accomplish anything.
There is today about $3.50, 900 worm
/ Of railroad property in the State. These
ngtres. are pased on reports of a corps
Of engineers The report is a valuable
was desired to know, for taxation pur-
poses, how much it would cost to re-
produce , railroad. On the main stems
Now the value OF the main stem was
found by taking the cost Of construc,
/ Ilen nnding the value Of adjoining land
and multiplying by three
In 1881 / drew one clause Of a bill
which provided that all property should
being property for religious, charitable
and public purposes One day wheE the
Fnral r. IN members were not thinking hard
died. Our present law imposing one-haH
OF one per cent. was all right for the
time Il was presented, and when ! saw
lt was pleased When / next saw it,
found that a little clause had been added
tolching upon the taxation of property
vlaed said tax shall not exceed one per
cent / will not indulge in personalities
TO say where that provision came FROM
or who was responsible for it. will say
that our trouble now is not that there is
| IaAllt IN the valuation of railroads. It is
N me eM IT limited tax imposed upon it.
and all property owners should endorse
It, but in order to come to compromis-3
OF one per cent. to the State and the bal-
ance to the municipalities where the pro-
perty is found. This will not be equal
taxation to the FUN meaning, but it win
be the nearest within the life of any liv-
ing being in Jersey City. It win allow
Jersey City to enhance her credit, inn
terest on bonds issued to lay water pipes
for the acquisition of decent water
eCheers9 The proper place for railroads
to be assessed is with State Board of
assessors rather than allowing 1900 local
assessors to do it. These people would
Know and want to run the directors Sc
NM fl1nfr. raloff
and have those they did not like dis
charged.
property in Hudson County will place it
at $45, ,000, ,000,, exclusive of personal pro-
perty The total valuation of the real
estate not used ;s ood fer Dr. railroad and canal
truthfuily stated that one-fourth of the
real estate in this county is owned and
values and not acreage are considered.
It viii be seen that whatever advantage
or exemption is given to this fourth must
be direct burden upon the property de-
voted to other than railroad and canal
uses. The greatest portion of this burden
fails upon JersAy City, but about one
municipalities, and the citizens of Hud-
| son County outside of Jersey City may
be awakened to a realization that they
the fact that not dollar is imposed on
any railroad or canal property for county
tax. In the city of Hoboken there is over
that doas not nav a Govt - ~ 20 y,o.,,,+t ~ ~
municipal tax. In Jersey City the figures
of +ba rs5,.5 d le Vdlue
sew Cftv fonnd ND bv be s3afa RoarJ "a If
Assessors, including an apportionment of
propertv Is over sss oa noo oe ail tbis Sin
600, 900 is found in the main sterns'' and
is absolutely exempted from all county,
dem Iheing q tay nf one-half of nga ~.
cent. for State uses. The other property,
Land onaba1f nov ~ ~ ,ht, 49, If
per cent is given 10 ,the State Nav No nal IA
Us COMPARE this S23' 600 0O5 of pailroad fT ana
canal propertV WIFI sSs oo m Of nTonaru au
our,,ad ,s;s u ~ J ~
CIV be fay rata IN this taE ~ 4is
s 81 "a ana edA 2 hee III eis spW 20 ona 9ms ooS Seaf
proper.g @ aS Wnlcn s mas not IN me go9d fortune
ara ored To saoz a5fu 5do nrposes
~ ~ @ aSsgsseu Oh ae goo
inxsS t M Sfo no hno M f d. loi-
and waferways IA @ for u tba afa nsa 81 seihs fhs
on ba go noo nd ~ or aai eeunty Or clty
tha nn =, ea1 ssao oon on
for the civ and si15 oon for r. sS9VVoV
n ,5 dhe .uedi saa laiposee On the rai-
the munenal iinits If 1erssn aond itv Wien nm
sum Of sss5 900 It win be seen that that the the
fdy are fqreea ran 6ay to pay o59 taxes
their property was used for railroad pur-
puses; s, NJ, NO cl.y can stahe lnat comparl-
soit. nt Iiose ~ gules US meail aealh. AS 90
IL iol anu anu never never dlu own snare OF stock
III IA any steam raliroad ar any security
issued issued py one OF tnese corporations am
lorceq 70 iook 70 the market reports to
ascertain the values: find that the stock
OF the Morris and Essex Railroad is
about ITO and of the United Railroads of
New Jersey Commonly called the Penn
| sylvania Railroad) about $50. I find that
the values of these securities are to a
great extent dependent upon the produc-
tive capacity of the railroad terminal
| lands in Hudson County; 1 find that there
is so much competition for these terminal
lands that the corporations are willing
to fight for them by throwing carloads az
ashes on the workmen of coInnetins 20
roads; I find that in the game of eraS Ssrs,S
| for these lands even the most nofent nj
Writs IF the Cn,,rt If Cha ncarll q ra fte.+
| ed with scorn. find in 'fact = tbaf = a.
scra r11l,je for every font Of ianl IN Ir,,d uie
son County avaijahle for raiIroad tar-
| minal nllrnoses is aInoast a 9 esraat as a.
struggle fnr tbe nnssassion ~ fhe a. a.,Is rne
discovered wealth Of fbe frican sre 1,1;nas
And finding these things7 am NJ forned flaipes, f.
hare is usaI1 fittaa to han az plsopeitS "
a,1r ~ " ~ ~. ~ peal It's snare OF
~ +h @ Ju.deils ass 70 put " mild
~ ti x,a WIS aI ko4au a ~ the vicinity
= ssNr NJ " e a. iot ~ W alcii 7 aGtofy
o,r Sow css,sa loi the reinsuy. we Know that
oul ~ eause ~ ,Just mo man mas ever qe.
ilieu nlar isS - Iuqsslc9:: 70 tne taxpayers OF
prese,on ree,.t1 .s Q, great lmportance; to the
profsrss y, 4wners OF Jersey Clty It involves
al al ISSUE .e, tnat may Wen pc termed vital.
l. IHc cNil is Hol Only IOunu OF gigantic