Chicago eagle. [volume] (Chicago, Ill.) 1889-19??, 1900-10-13
The Milliopaires Inside the Union Loop Have
Been Again Cut Down to Hamper
Mayor Harrison.
The Voters However Are Watching ibis Thing Closely and
Will Know Who to Blame for Lacking
rnupidpal Improvements

The Republican Board of Review has
contributed to the financial difficulties
of the city administration by announc.
ing that the valuation of all real prop
crty within the bounds of the Union
Loop will be cut 20 per cent Constcr.
nation rel gncd at the City Hall when
the news of the reduction reached
there. and 1t was admitted on all sides
that retrenchment would have to he
made in all directions.
The action of the Board of Review
means a decrease of S1O,0OO,O0O of full
market valuation in South Town real.
~. and the effect. added to that of the
scaling down of 30 per cent on all city
personality, will be a most sensational
reduction in the revenues of the city
and other taxing municipalities. In
totals the result of the work of the
board appears In a reduction of all
kinds of property in Cook County In
valuation from $l,SI5,OOO,O00 to ST..
4SO.OOO.OO0 NJ market rates.
Acting Controller Frost was astound.
ell when he learned of the additional
reduction. He says that the city Is
now struggling desperately to keep Its
head above water. and that despite Its
efforts to cut the budget In the amount
of 100000. that the additional reduc-
ton TO he made by the Board of Re
view will add at least $4,000 to the
required cut of 100000 asked by the
Controller
The decrease comes as climax to
the labOrs of the Board of Review. and
with It the list of cuts Is completed.
In 1890 the board found that the real
estate of Cook County was worth ap.
proximately Sl.5lO,0OO,OOO at a fair
market valuation. This sum has al
ready In 1900 been reduced to almost
exactly Sl,255, OOO, 900. and the contem-
plated step in relation to loop property
will further reduce Cook County real
estate valuations for taxing purposes
10 but Sl,lS5,OOO,0OO.
In personal property the board has
also changed valuations In the same
sweeping manner, official action on this
being delayed until next week. Cook
County personality in 1890 was valued,
In round numbers. at 1885,, 100000, Of
which Chicago was credited with S34l,.
100000, at fair market valuation.
Reductions have been made, or are in
contemplation, which will cut this fig
ure down TO about 500, 100000.
The effect of the reductions will fall
most heavily on the city and the park
boards. Last year. when the Supreme
Court destroyed the vital part of the
new revenue law by declaring uncOn-
stltutlonal section 49, providing liml-
tations in the levy. advantage was
taken of the situation by many Of the
taxing bodies, and by none more than
the city and park boards.
While the taX-dodging down town
mill!onaires are lowered, business men
are raised.
The consideration given trade lines
within five days last past has resulted
in many individual Increases of yalua-
ton of personal property by the board,
among the changes being Sears, Roe.
buck * Co., general merchandise, rails
ed from $4,000, as given by the As.
SCISSORS, 10 $4,000 by the reviewers;
Loughl, Emilio & Co, wholesale gro.
GERS, from Sss5 To $4,000; Durand &
Easper Co., wholesale grOcers, from
S32S 900 10 $780, 900; American Straw.
board Company, from $500 TO SO
900; Presbyterian Board Of Publica-
ton and Sunday School Work, from
$1,000 10 $1,000; 4. Booth & Co., fish,
from sjl,sl7 10 $4,000, and Warder
Bushnell X Glessner Co., agricultural
implements from $40, 900 to 100000.
~eA
Daniel W, Mills, the Republican can
didate for Congress in the Fourth Dis
trict, has a record.
He made this record while he was
Warden OF the Cook County Hospital,
and his own party was 50 ashamed Of
II that II elected another Republican in
his place and ordered an investigation
made Of Mills doings as Warden.
All Of the facts concerning this mat
ter are AT hand, and they prove con.
cluslyely that II, W. Mills should never
be sent to represent the people Of the
Fourth District in the National Con