New-York tribune., 1899-06-14

nd delivered TO the Commissioners OF Taxes ana
Assessments of the city Of Ncw-fork Tor ana ih
hehalf OF the American Sugar Refining Company
showing the sum invested IN business IN the s'atc
=, Nswyork on the second Monday OF January
,sea The company named In this statement ls an
oree n,gatlon under the laws OF the state OF view
Jersey having its principal ONCE al Jersey ivy
Tho company has an office at NO. liI "aI-s.'
Borough OF Manhattan In the city OF Ne"-io'N'
Amount Of capital for which company - o'sa"-
,zed 0,lank). and the following items are true
statements OF the business Of the company n the
s,ato of New-Yorls on the second Monday OF jan
nary 1899 Has the corporation compiled WIN tne
provisions of Chapter 6S or the Laws VI '''A'
(Blank) What was indicated as the ous'heSs v,
the object OF the corporation which IL pfoposeu
70 carry on within this State? BLANK What
place within the State indicated az IT'S prihc'pi
place of business? CBlank) Has the corpora'i'"
more than one place of transacting Its business
within this State. and II so, where! (BiahkJ Inc
amount receivable on notes and open accounts IN
tho State of Ney-York was (blanD. The vaiue
OF goods and merchandise In The state OF Ne"-ioiA
was (blank The value Of machinery and plant IN
the state was (bIank). The value OF stocks nk-
lures and furniture. 10000. Cash on hand ana III
the hank was less than sGCS,So The amount OF
bills and accounts payable. merchandise Tor itemS
included IN the sales, and assets was Spiahk3' i"e
amount Invested in business In the state was
(blank). Has any indebtedness been coh'rac'eu "
the purchase of non-taxable property or secur'ues
for the purpose OF eyading toxatlon7 NO. IN the
company assessed by the State Controller, ana, u
SO. TO what amount? (Blank) Sworn TO py Ar
thur Donner treasurer before John H. Thomas
notary public"
DEFECTIVE STATEMENT
O-Now, you see this statement does not sho"
whether or not the corporation has any gooos'
in he
II doesn't show that It hasn't? 1t doesn't say
that Il hasn't notes and open accounts IN the Sta'e
of New.York II doesn't say that II has no ma
chnery and plant I'm the state OF New-fork' ~
doesn't say that there are no Diils ana accounts
due and owing in the State OF New-fork' IL
doesn't say that 1t has no money invested III '''0
state of New-York. What proof did you take OUT
eide ~ this statement Of those facts? A.-Wen,
that Is a company that IL organized under the law
OF a different State 1t Is taken for granted where
they so state that their main office Is In ahother
State we can only hold them as to returns ask
Ing such fixtures and money In BANKS thes ""'e'
as you see they give us here
O-But YOU furnish them with a blank there.
You sent them that blank TO be filled out, ana
there are important items there which are ho'
flied out at all They don't deny that they nave
the property and they don't admit that they ia'e
It. Ave take what they have In New-fork'
Q-Yes but isn't 1t possible for foreign corpo-
York? Ayes.
O.-And II It had machinery In the State OF New
York IT should be assessed? Ayes.
O-Isn't it possible for foreign corporation W
have goods. wares and merchandise In the STATE OF
New-York? A.-Yes.
O-And do you mean to say this partially COM
Melted statement Is all you go on? Alt Is ho'.
We see they have no connections IN the SOa'e Vi
New-York because the main office is In New-Jer-
sey. Mr. Moss.
O-But when you give them statement TO De
filed up and where items In that statement ma!
possibly II answered show property In New-iorh
State. why don't you make them h'l them out
Ave can't force them; the law doesn't give Us
the power.
n YOU sav Won only assess them at those two
items which are In that paper 500 What Is that
SIS 100000 down there on the corner OF the paperE
A-That Is as near as chief deputy could come
to the gross capital.
O-That is the gross capital? A.-That Is as near
as our chief deputy could come TO the gross capta.
Q.-That is the capital as issued IN Ne"-'erSeg
A.-No, the whole
O-Au of the companies that united In the
trust? A-welI, as assessed them. as a company.
Dwell this is New-Jersey corporation; where
is that capital Of s75cOOOoo? A-They have not put
It in there.
HUNDREDS WON'T TELL ANYTHING.
you require them to put 1t In? Al VIII state, "r.
Moss that we have a number Of them. hundreds Oh
them, that don't give us any return at all.
O.-what do you do with them? A.-Assess them
by our own ability to what business they are 40
ing In New-York. Take. for instance. corporation
in New-Jersey that Is in the manufacturing line.
Q.-One OF your Commissioners think II was
Mr. Sheehy-the other day said these statements
were sent to a corporation under the law, Win the
expectation that they would return them that IL
they did not return them they would send again; II
they were not then returned they, your Board
would assess the corporation at a sum somewhat
larger than It was supposed the property was
worth In order TO put sort Of punishment or re-
minder on them. Al was going TO come TO that.
Q-You were going TO come TO that! A'-"here
a corporation don't make any returns we get as
near 10 the capital can, and We get as near
as we can to the business. II 1t Is railroad COM
pany they can't have much more than an office In
New-York II II Is a manufacturing company, II
they have a place of business In New-fork they
most naturally must have machinery and stock.
and we assess them according 10 those circum-
stances
Q-Now. Mr. Gre here is the statement OF tho
American Tobacco Company, and notice that IN
this statement the blanks are filled up? A-That
is true
Q-These people have told you what they have?
A.-Yes.
Q-They have admitted they have, amount re.
ceivable Of notes and open accounts In the state OK
NewYork, Sl32 1888. Now. perhaps II the sugar
company had filed out that blank 1t would have
shown something in that place? A-Probably II
would
Q-The tobacco company admits the value o.:
goods, wares and merchandise in the State OF New
York was s4O5 449 9l the value OF It's machinery and
plant In tho State of NewYork. si4S2sl q; the value
OF the safes, fixtures and furniture In the State Of
New-York. N3cO-considerably less than the other
company; that the cash on hand In bank was 1856 :
7e2 5o-ttat is considerably ess-ndicaing that this
tobacco trust a smaller company than the
sugar trust. And the capitalization which you peo-
rle have marked at the foot Of the paper is $685.
900 900, less than half yet II shows N,0OO.oO0 and
more in items where there is no return at all In