New-York tribune., 1899-06-14

ana Murray-st., and want you to notice that on
that block there Is absolutely no increase whatever
except in case. when 5000 is added for an i'm
proved building. A.-The neghborhood may not
have warranted II.
Q.-But the block on which sl.c55.coo was added
was included by Barclay-st. Park Place. Broad
way. College Place and Murray-st.. and have
already seen that the Broadway front didn't have
much OF increase this block which is not in
creased at all Is Park Place. Church-st Barclay
st. Murrayst, just the next block? A.-There
might not have been any improvements there Prob
ably the next block there were new buildings there.
Q.-But. sir, on the first section there Is not an
Improvement II IL all there. every addition is put
for the purpose Of equalization? A.-But this here
is only a memorandum. That is not recommended
ton, Mr. Moss.
Mr.. Hoffman-Just one moment. Mr. Moss this
statement is very plain OF explanation. think, II
you read from this down. you will find probably
that you have included In the $27 100000 property
that is outside of the State OF New-York
Mr.. Moss-No. know just what you are talking
about Mr.. Hoffman. Real estate in other States
and foreign countries" We are not talking about
real estate at all.
Mr.. Hoffman-But the statement goes Mr..
Moss 10 describe what real estate and what per-
sonal property In the State OF New-York. and II
shows H5.oOO0 in place OF S7 600 and then. de-
Quoting from that, why. IT would make the state
ment correct.
Mr.. Moss-I do not see Il.
Mr.. Hofrmep-I wish you would just read Il, or
give II 20 me and will read II.
Mr.. MOss-I cannot make 1t out.
MR. FEITNER EXPLAINS
Mr.. Feitner-Let me It. II you please. think
I can tell you what It IS. Crhe paper IL handed 10
Mr. Fetner) IL has been taken on the basis OF
capital and surplus In accordance with the ruling
OF the Court OF Appeals. The Court OF Appeals
holds that must take it on the basis Of capital
and surplus. and here Is 5000 900 capital and s. O0
coo OF surplus. and making the legal deductions OF
the assessed value OF real estate the stocks which
they hold and 10 per cent would make IT.
Mr.. Honman-Won't you read that statement
there
Mr.. Feitner-But that does not make much dif-
ference. when take 1t the basis Of capital
and surplus. the Court of Appeals requires.
Mr. Wilson-Then the capital and surplus to-
gcther make $1,000 OOD?
Mr.. FeItner-Yes; sl5,OO0.OOO
Mr. Moss-But you see, you figure the real
estate. which has already been taxed
Mr. Fetner-But you must do that under the
law. You are giving the valuation OF capital and
surplus
Mr. Moss-Well very glad to have the De
partment put its explanation on the record. have
heen trying very hard 20 get Mr.. Gre TO do H. and
II Mr.. Feitner has got it, satisfactory TO himself.
why. II satisfies me.
The Witness-I told you that before. Mr.. Moss.
but you would take those figures there. 1t IS
not my fault: It IL your fault.
Q-Now you notice that In the next block, MI
Grell. surrounded by bulkheads. Murray-st;. War
renst. and Westinghouse there is an addition OF
sl06 OO0 which is placed on three plots and not an
increase another plot in the whole page Indt
Is what it appears Now. 1t is very apparent. Mr..
Grell-and that is the condition OF all these reports
that In some blocks there is no increase, in otheI
blocks there very heavy Increases In some
blocks few portions Increased, and no others.
and the Increase Is always FOR equalization; NOW
isn't II perfectly clear Mr.. Grell. that the deputies
have tried 10 take the amount that was necessary
be added 10 their sections and divide It up among
the houses best they could? A.-hepeat mat
/ question, please