Chicago eagle. [volume] (Chicago, Ill.) 1889-19??, 1900-11-03

the KepuDncnn bOaru Oh neNleW 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 20 per cent. Constcr.
nation reigned at the City Hall when |
the news of the reduction reached
there. and 1t was admitted on NIL sides
that retrenchment would have to be
made In all directions.
The action Of the Board Of Review
means decrease Of $70,0O0,OO0 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 reduction OF all
kinds Of property In Cook County in
yalua ton from ,S75,0OO,000 to 81
$50. 600 600 Mt market rates.
Acting Controller Frost was astound.
ed 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 500, 600. that the additional 'reduc-
ton to be 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 1t the list Of cuts Is completed.
In 1880 the board found that the real
estate Of Cook County was worth mp
pruximately S1.51O,OOO.0OO at a fair
market valuation. This sum has al
ready In 1900 been reduced to almost
exactly sl,255, 900, 900. and the cOntem-
plated step in relation to loop property
will further reduce Cook County real
estate valuations for taxing purposes
10 but $1,1s5, 100000.
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 1899 was valued,
in round numbers, at $780,, 100000, Of
which Chicago was credited with $34l,-
1000, at a fair market valuation.
Reductions have been made, or are in
contemplation which will cut this fig
IRE 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-
stitutIonal section 40, 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 valua'
ton Of personal property by the board
among the changes being Sears, Roe
buck e. Co., general merchandise, rails.
ed from $4,000, as given by the AS,
SCISSORS, 10 S35O,OOO by the reviewers
Loughl, Emilio & Co., Wholesale gro,
GERS, from 1856 to $4,000; Durand &
Kasper Co., wholesale grocers, from
SOS, 900 10 $350,OOO; American Straw
board Company, from $500 TO $780,
600: Presbyterian Board Of Publica'
tlon and Sunday School Work, from
1900 TO $4,000: \. Booth & Co., fish
from S5l sl7 10 $4,000, and Warder
Bushnell & Glessner Co, agricultural
implements, from $4,000 10 5000 900
<eM
Daniel W. Mills, the Republican cali
d,datc for Congress In the Fourth Dis
trict, has a record
He made this record while he was
Warden Of the Cook County Hospital
ana his own party was 50 ashamed OF
1t that IL elected another Republican IN
his place ana ordered an Investigation
made Of Mills dOings as Warden.
All Of the facts concerning this mat
ter are al hand, and they prove con,
clusiycly that ID. W. Mills should never
be sent to represent the people Of the
Fourth District in the National Con.
gress