New-York tribune., 1903-01-17

1923; so that the apparent increase Of valuation
m Is % fr @ 0Hs eae gaF by yhs asSis5Sn and 0f G0se
but Sos 100000 OF new valuation has been secured IN
resulting from =,s this 5a* at q $e s 80 0F
that this is further reduced by the sum Of nearly
$50 o because OF payments IN me ae as1cTe OF D1er
The existing law Leaving therefore to the city new
the many w4.d statements that sS.oo0,ooO would be
But even this loss would be unjustihed without
corresponding benefit 10 the city and without ex-
5s4,e 5Is fe foloune beneff would accrue to
the city: Under the present system Of assessment
the SO $500 OF tangible property would amount
70 sos Oaooo which al rate Of 50 would produce
paid and :. g9c6 M m "Gqq % ,s De m Sun borne IN mind 4a
under the order Of the court there is now but a
f6}s fR{sl Character 6a @ IN Tsaer NeWYork Of 81 CO.
aH 1 ao5 O. or ssoo6eo more than under the recon-
But this 500 900 is not the amount of benefit to the
corporations, because under gross earnings tax tax
they would pay nearly 500 @ too TO- tns he State so that
But are there no benefits FOR this loss? Assuming
nUes OF the State under existing conditions 70 per
cent OF this amount must be Pala py E 0GS 6
The mortgage tax would give 70 the city g 7S5 500
Tba me confroer Of the city would release from the
Sinking Fund for the payment Of Of sPProPrihatie9s
would be through the abolition OF direct state
= ss1 Ks a. reyennes nT from Your sinking Fund 5000
orr or total benefit OF s162S5.5Oo or one-sixtn or
volr present tax budget
WHY MISUNDERSTANDING EXISTS.
Where is the injustice therefore of these proposed
meas sures? Where the benefit 10 corporations we
es no3 been exercised in the Determination Of
these great questions that so Inucn @ oir-
n the state more than $4,000, and except with
e9rpoTau6ss , Is srfsen because with domestic cor
pora tons IS impossible 80 evade the payHlen' %
,Iesi and no injustice therefore come about
through the laws PROPOSED Io4T1K 9TK tSeafed
fairly II every matter affecting its interests Us
fsir fFeaimenf which renders It Impossible to ad;
minister properly its own alairs rs 20 pt he
and the protection Of its many interests sho'u 'e
You win pardon, I hope. this intrusion upon upon
,our time with wearisome figures, but the great
interest manifested in this subject nus nag De my
acent IN its extent, with population that rlyaIs
i +ben the mere accumulation of wealth. In its
educational advantages II nor ony 1 e1oSs' 1Ssa-v
and suffering whereever they exist always hnd re.
Stbsrftv OF our people are found in every part
Of our great commonwealth: Its villages an anp
f8wRs ysPe6 acres the thrift Of its people but ey
de1ce of the wisdom Of our laws and orni mere
than IN any other part OF our country, oppoi
tea are afforded genius and 70 the AMBITIONS o+
us not therefore be circurnscribed by envronrnen
but at all times be citzens OF am; LIS oS onr
great state TO which we owe allegiance and OF
which are all so justly proud
GENERAL HOwARDs REMARKS
General Howard who followed Mr. OdeIi.
eneaking on True Craftsmanship said that
his subject was beautifully illustrated in the
Governor of New-York. Here he said. SIS my
definition of A true statesman-a constant ana
urseI1sh devotion TO the interests of the State,
and In him pointing TO Governor OdelD you
have a splendid example tCheersD
The enthusiasm Of the guests reached high
MITCH when the aged general. with tears in mis-
eyes spoke Of his personal love for Abraham
Lincoln With the cheers there were a few
cries Of oh, OH when the general referred
+o lanes G. Blaine as a type of true states
man.
You mean he was a politician. quickly re-
torted the general and tell you that a course
in practical politics is the best schooling Tor
eta+esrnanshjp | tell you il James O.
E2Iafne who years ago. when high protection
was the popular policy. declared. you must
have reciprocity The statesman rose out OF
the Dolirician and sounded that true note OF
national policy. l cannot better define reel
procfty than by quoting the man who said. II
3 girl loves you, love her back-thats rec1proc-
ity.' "a. .--ha
eag has been in Cuba and it may get there
again It will one day over all America
II g. tn the Philippines. and China cries out Tor
a renublic such ours" (Cheers)
WHAT MR. KNAPP SAID
Mr. Knapp speaking of Transportation and
l--,,,tt,,at,on.'' addressed himself TO the trust
tler,, In ending his address he pointed TO
- United States as holding in its hands the
,u,ton of the problems Of the future. our