Chicago eagle. [volume] (Chicago, Ill.) 1889-19??, 1901-09-14
EA0LETS.

end. The Board Of Review closed It's
business Wednesday afternoon a. far
as the taxing Of property was concern.
esi. ana there will he no more discover.
les Of property which has not been rs.
| sessed.
The board has not yet decided the
amount Of the assessment for the elc-
waited railroads. ana does not know the
value of the steam railroad property
transferred from schedule A. which
| means trncknge. to schedule u, which
means real estate taxable locally. The
actual result In figures Of the work of
the Board Of Review probably will be-
known Saturday.
In the whirl Of the closing session the
board settled the assessment for the
department stores. decided to tax the
franchise Of the Chicago Union Trnc.
tion Company. discovered assessable
property Of the Chicago. Burlington T.
| Quincy railroad. ana unearthed an I'M.
fortunate individual who had not been
assessed by the Board Of Assessors. but
who. the reviewers thought. ought to
pay taxes ON $jOO,OOO worth OF per.
sonal property.
The total assessments probably will
reach x4OO,OOO,OOO. according to Re.
viewer Upham. The real estate valua-
ton hns been raised from 1927. zoo. 900
to $3.50. 100000. The elevated railroads
probably will be assessed ut SD, OOO,-
900. The state Board OF Equalization
will raise the total with its assess.
mcnts on railroad property.
Jesse +. Lyman. 1853 Lake avenue,
was assessed for personal property val.
ued ut $5O0,OOO He Ia President OF the
packing firm Of q. II. Hammond Com
pnny, of Hammond, Ind. and hud cs-
capped the attention of the Board of As.
SCISSORS. Kind friends notified the
Board of Review that his affairs might
he worth looking into. with the result
that Mr.. Lyman will have to pay taxes
on u fortune. unless the courts decide
he IL not az rich az his neighbors think
he Is.
Reductions amounting to $2.OI3,3O4
were made during the dry, principally
on the down town department stores.
Two months ago Reviewer Upham was
ordered to investigate these stores and
bring In report. Mr., Upham's report
was made after consultation with OK
perts. ana the Board OF Review decid-
ell TINT the reductions We're Just.
The board decided to ASSESS the West
Chicago franchises of the Chicago
Union Traction Company ut ~ .OOO,O 900
In order that test suit may he brought
to decide whether such franchises can
be taxed. The action was taken on the
opinion of Attorney Frank l.. Shepard,
who held that the board had the right
to tax such franchises. About $1,000
600 OF real estate belonging to the Chi
cago, Burlington H. Quincy Railroad
Company was transferred to schedule
ID ana assessed.
"A protest was made against the high
assessment of Clark street property
north OF Jackson street. in the down
town district, and this matter will be
taken up by the board. The question
OF taxing grain Is also to be taken up.
~
Fire Marshal Musham's order trans.
ferring Battalion Chief Koran from the
command of the first to that of the fifth
battalion eXcitcs much comment both
In City Hall ana insurance circles. Lo.
cal insurance men We're taken complete
~ by surprise by this sudden move by
Chief Musham, and they were unable
to understand 1t. For that reason many
OF them declined to discuss the matter
until they had inquired into the reasons
for the change, Those who did. how.
ever, supported the chief.
Marshal Koran has splendid repu.
tation as fire fighter among the insrr- |
ance men, and his sudden transfer from
the downtown district caused consider.
able comment Chief Musliam explain
ed his action by saying that the fifth Is
n much more important post than the
first battalion.
ut was in the. line of promotion" he |
said. I'm the iifth district there are
many large furniture factories and
other large buildings, and the fires are
important Here downtown the bat
talon chief Is always second In COM !