Chicago eagle. [volume] (Chicago, Ill.) 1889-19??, 1900-10-06
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
n,updpa 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
erty within the bounds of the Union
Loop will be cut - per cent Conster-
nation reigned at the City Hall when
the news of the reduction reached
there, and 1t was admitted on all sides
that retrenchment would have to be
made in all directions.
The action of the Board Of Review
means decrease Of $7O.O0O,OOO Of full
market valuation In South Town real.
", and the effect. added to that of the
scaling down of 20 per cent on all city
personality, will be 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 Sl,sI5.OOOOO0 to 81.
4SO.OOO.OOO at market rates.
Acting Controller Frost was astound-
cd when he learned of the additional
reduction. He says that the city II
now struggling desperately to keep Its
head above water, and that despite It's
efforts To cut the budget In the amount
of 100000. that the additional reduc.
ton TO be made by the Board of Re
view will add at least S24O,OOO to the
required cut Of S7OO,OOO asked by the
Controller.
The decrease comes as n climax to
the labors Of the Board of Review. and
with It the list of cuts Is completed.
In 1899 the board found that the real
estate OF Cook County was worth ap.
proxlmately S1,5lO.OOO,OOO at a fair
market valuation. This sum has al
ready in 1900 been reduced to almost
exactly $l,255, 100000, and the contem.
plated step In relation to loop property
will further reduce Cook County real
estate valuations for taxing purposes
30 but $l,lS5,OOO.OOO.
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 1899 was valued,
in round numbers, at 1866, 100000, of
which Chicago was credited with $34l.-
OOO,OOO, at fair market valuatlo
Reductions have been made, or are in
contemplation, which will cut this fig
ure down 10 about S295 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-
stitutional section 40, providing lml.
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
millionaires are lowered, business men
are Used.
The consideration given trade lines
within i've days last past has resulted
in many individual increases of valua-
ton OF personal property by the board,
among the changes being Sears, Roe,
buck x Co., general merchandise, rails
ed from $4,000, as given by the AS
SCISSORS, TO $500, 900 by the reviewers;
LOughi, Emilio * Co., wholesale gro.
GERS, from $3.50 TO $1,000; Durand x
kasp"r Co., wholesale grOccrs, from
S32S 900 10 $3.50, 900; American Straw.
board Company, from $500 10 SO.
90; Presbyterian Board OF Publlca-
ton and sunday School Work from
$1,000 70 $4,000; \. Booth Il Co., fish
from S5l ST. 10 $4,000, and Wardcr,
Bushnell II Glessner Co., agricultural
implements, from si5O,OOO TO 100000.
~6A
Daniel W, Mills, the Republican can
d!date for Congress In the Fourth Dis.
trcL has a record
He made this record while he was
Warden of the Cook County Hospital,
aud his own party was so ashamed OF
il 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
cusiyely that u. w, Mills should never
be sent 10 represent the people Of the
Fourth District 10 the National Con.