Chicago eagle. [volume] (Chicago, Ill.) 1889-19??, 1900-10-27

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 20 per cent. Conster-
nation reigned ut 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 a decrease Of $7O.OOO.OOO Of full
market valuation in South Town real
~, aud the effect. added to that OF the
scaling down Of 20 per cent on all city
personally. 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 $l.S75.OOO.OOO to ST..
iSO.OOO,OOO at 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 It's
efforts to cut the budget In the amount
of S1OO, 900. 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.
Tie decrease comes as climax to
the labors of the Board of Review. and
with 1t the list Of cuts Ia completed.
In 1899 the board found that the real
estate Of Cook County was worth APP
proxlmately Sl,5l0,WO,OOO at a fair
market valuation. This sum has al
ready in 1900 been reduced to almost
exactly S1,255, 100000. 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,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 S365,OOOOO, OF
which Chicago was credited with S34l,.
900. 600 at a 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-
stitntional section 10, 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 * Co, general merchandise, rails
ell from S215,OOO, as given by the AS
SCISSORS, to $350,OOO by the reviewers
Loughl, Emilio & Co., Wholesale gro
GERS, from 1856 to $4,000; Durand &
Kasper Co., wholesale grocers, from
S32s. 900 TO $3.50, 900; American Straw
board Company, from $500 to $50,
900; Presbyterian Board of Publlca
ton and sunday School Work, from
$1,000 TO $1,000; A. Booth e. Co., fish
from 51,sl7 10 $4,000, and Warder
Bushnell & Glessner Co., agriculture
implements, from $3.50, 900 10 5000, 900
40
Daniel W. Mills, the Republican can
ddate for Congress In the Fourth Dis
trict, has record.
He made this record while he wa
Warden Of the Cook County Hospital
and his own party was so ashamed o
Ii that 1t elected another Republican II
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
cluslvely that ID. w. Mills should neye
be sent to represent the people of tn
Fourth District In the National Con
gress.