New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1897-06-20
Real estate.

Under rho repellant and forbidd'ng hehddhs
-. .adrortisement." and in the purely se,ish
cause of making money. there Is every nh No
ton that great number OF peoP'e Ia I. 10
come interested In these articles' Proo"D'! ,o,
because they carry with them the IDEAS vi eH"..
Nv and economic liberty and hope 10 achie,c
these desirable results through the masses 'nh-
ing possession Of existing machinery, ny 'me
mse of which few able and capable men nave
grown enormously rlcn. 1T, ,,.,
The Cass Realty Corporation is simple us r,
ness corporation. dealers in real estate. Inc
only thing which segrcgates them from the com
mon rim of real estate dealers Is they conllhe
their oppratlons entirely to choice Manhattan
Island real estate and nothing else. Inc OH!
thing that distinguishes them from ordinary cor
poratons is the building up. while II YET can pe
done of n great and rich landed estate III the
very heart of the city Of New York. from the
rentals Of which and the unearned increment II
is believed the shareholders (the heirs OF inns
estate will receive larger returns for money III
vested than they can obtain in any other saIe
use of their money.
People are accustomed to corporations in the
railroad bank and insurance business. ana IN
the last few years they have seen the enormous
profits growing out of corporations conducting
sugar. coffee. salt and wallpaper businesses.
They are also now seeing the handsome results
from conducting the Manhattan Island real es-
tate business on the corporation plan.
The shareholders of the Cass Realty Corpora
ton and its thousands Of wel-wishers VINO nave
not vet become shareholders but many OF whom
have notified us il is their intention to become
so as soon as their money affairs permit. VIII
he glad to learn that have just declared me
10Th regular cash dividend at the rate OF u pc;
cent. per annum. payable TO all Sharcnoiders Oh
record on the books of the Company June lolh.
1897 when the books close for the payment Oh
this dividend to reopen Monday. July Jih. 1874.
rho Il h1s
but the management deems 1t the part OF WIS
dom not to increase the dividend rate Tor the
present. until the financial conditions are more
stable but 10 apply the excess to me Surpli, VI
the Corporation. Checks for dividends VIII pe
mailed 10 shareholders Of record during the iirSt
week In July rs rapidly as the clerical force can
prepare and send them out. In all cases where
instructions have been filed with the Corpora
ton TO apply dividends 10 investment account
il will he done. and notice Of such application
will he sent by mail. This does not preclude
shareholders from calling In person II they so
desire in reference to their investment affairs.
The Morning Journal Of this city. June 18TH.
contained an article giving Interesting factS
about the tax of per cent. on savings DahkS
depositors. 1t will be noticed that we use the
word "dcpositors' instead of deposits, as the
managers of the savings banks have sklfully
thrown the assessment Of the per cent. tax
on the depositors' individual amounts deposited
in the bank instead of on the bank manage
ment. BY this Shrewd manipulation OF the tax
laws the savings bank management escapes
all taxation pays only 3 per cent. to 4 per cent.
dividends TO depositors, and lets the depositors
themselves fight it out with the Tax Assessor
If the depostor is successful in evading his
taxes on the money he has in the savings bank,
he gets from 3 per cent TO per cent interest
or dividends from the bank, but If the Assessor
gets hold of his name he will tax him per
cent on the amount Of money he has Invested
in the savings bank. and the net interest or
dividend which the savings bank depositor re-
cclvcs is from | per cent. to per cent. after
his tax has been paid. In the Cass Realty Cor
.poration the Company pays the tax OH It's prop
prtv. which Is part OF the expenses of the Com
pany and the shareholders are not taxed again.
as in savings banks. on their shares, and their
q per cent is net free. over and above all taxes
Many savings bank depostors have hereto