Chicago eagle. [volume] (Chicago, Ill.) 1889-19??, 1900-09-22
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
01upidpal Improvements.

The KcpuDlican BO1ru Ot NpNleW mas
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 he cut 90 per cent. Conster.
nation reigncd at the City Hall when
the news of the reduction reached
there, ana 1t was admitted on ail sides
that retrenchment would have to be
made In all directions.
The action of the Board of Review
means a decrease of $1O.OO0OOO of full
market valuation In South Town real.
ty. and the effect. added to that of the
scallng down of 20 per cent on all city
personally. will be u most sensational
reduction In the revenues Of the city
ana 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 $1,S15,OOO,OOO to ST..
4SO.OOO.OOO ut market rates.
Acting Controller Frost was nstound.
ed when he learned of the additional
reduction. He says that the city II
now struggling desperately to keep its
head above water, ana that despite Its
efforts to cut the budget In the amount
OF S7OO,OOO. that the additional rcduc-
tlOn to he made by the Board of Re
view will add at least S2iO.O0O to the
required cut of 100000 asked by the
Controller.
The decrease comes rs u climax to
the labOrs OF the Board of Review, and
with It the list Of cuts Is completed.
In 1900 the board found that the real
estate Of Cook County was worth ap.
proximately $1,5lO,OOO,OOO at fair
market valuation. This sum has al
ready In 1900 been reduced TO almost
exactly $1,255, 100000. and the contem.
plated step In relation to loop property
will further reduce Cook County real
estate valuations for taxing purposes
to but $1,1s5,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 personally In 1890 was valued
In round numbers. at $365, 100000. OF
which Chicago was credited with $341.'
100000, Mt fair market valuation
Reductions have been made. or are In
contemplation, which will cut this fig
llre down to about $295, 100000.
The effect of the reductions will fall
most heavily on the city ana the parl;
boards. Last year, when the. Supreme
Court destroyed the vital part of the
new revenue law by declaring uncOn-
stltutlOnal section 40, providing limi.
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
milllonaires are lowered, business men
are raised.
The consideration given trade lines
within five 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 n Co., general merchandise. rails.
ed from S275OOO, as given by the AS
SCISSORS, to S35O,OOO by the reviewers
Loughl, Emilio L. Co., Wholesale gro
GERS, from $SS5 to $4,000; Durand 4
Kasper Co., wholesale grOcers, from
S32S, 900 to $3.50, 700; American Straw
board Company, from $500 to So,
600; Presbyterian Board of Publica,
ton ana Sunday School Work, from
1000 to $4,000; A. Booth Il Co., fish
from $5l,S SIT to $15O,OO0, and Warder
Bushnell & Glessner Co., agricultural
implements, from S450,OO0 to 100000
%SA
It's plain truth to tie to that the
more knots a war vessel has the faster
it Is.
@eA
Men In all stations In life have more
or less appetite for recognition. They
want to be known for the things they
can do well. Men who do their duty
Loyalty out of the sight of the crowd,
who rarely have compliments except
such as they exchange among them
selves, are the men most entitled to
praise.
%aA
TelegraphIc dispatches In the news
papers recently went Into hystericsl de-