The Detroit times. [volume] (Detroit, Mich.) 1903-1920, 1913-10-22

To the Honorable the Common Couhcu'
Gentlemen-Your Committee on Taxes.
TO whom was referred the petitions o
National Casualty 60. u30Sl, DetroH
Nationai Fire Insurance CO. u21ol, Mieh-
igan Mutual Fire Insurance Co. column
bian National Fire Ins. Co. Imperial Lie
lns. Co.. The Federal Casualty CO. Tue
Standard Accident lns Co, lenlnsuIA.
Life ins. Co.. all for the cancelauoh 81
certain personal assessments, In wnoie OF
in part respectfully report We have haa
the same under consideration. have con-
suited with the Corporation tounsei au'
beg leave 10 submit the following 70
port:
find that Il personal assessment OF s9,.-u
was levied against them for 1917. that
loco OF said amount covered moItsasSS
on which the mortgage tax had Deer
paid and which should not have been
assessed, leaving $3.50. TO which
amount We recommend the assessment
be reduced: that said company was as
sess,d on personal property for the
year I IL ON valuation Of s23- 3o', that
said company owned munSlp2t l. cN-
empt bonds and mortgages on winch IL
had paid thC mortgage tax agSroSat-
ing more than the assessment levied
against them and we therefore recon-
mend that the assessment Tor liz DC
cancelled.
Re. petition Detroit National Fire In
surance Co. We lind that a personal as
sessm,nt OF $4,000 was levied against
them for the year 1912. that said com
pany had mortgages on which 1t had
paid the mortgage tax amounting to
$d1 900. which should have been deducted,
leaving ss2.350. To which sum we recon-
mend reduction; that said company
was assessed for the year 1913 on valua-
ton of $i2S.50o; that said company OWN
ed bonds and mortgages exempt from
local taxation aggregating $lV,2'".
which should have been deducted. leaving
~ "A xyal, N
which valuation We recommend IA reduc-
ton;
Re. petition Michigan Mutual Life Ips.
CO.. We find that a personal assessment
OF xS12,S00 was levied against them for
1918; tina; after deducting liabilities real
estate and mortgages held by said COM
pany on which It had paid the mortgage
tax, there remains S6S2,S4l, to which
amount we recommend reduction;
Re. petition Columbian National Fire
ms Co. We lind that a personal assess
ment of 100000 was levied against them
for 1918. that said company had assets
consisting of personal property amounting
TO $705,962.S7: also municipal tax
exempt bonds and other exempt securi-
ties amounting TO s5ss,345.st. which
should have been deducted from the as
sessment. leaving total taxable property
at the value of sll4,6l7.03. and we rec
ommend that the assessment for said
year he reduced TO said amount
BE. petition Imperial Life Ins. Co, W.
ind that "a personal assessment of $4,000
was levied against them FOR the 1913.
that after deducting liabilities. real
mortgage tax had been paid would leave
a balance OF <2.S17.00. valuation on
which they should have been assessed
for said year. TO which amount we recon-
mend reduction:
Re. petition Federal Casualty CO.. we
find that said company was assessed on
personal property for the year 1913 10
the amount OF $S05.t43; that said COM
gasl pt..t.
to the value OF 1893. i73. leaving the sum
of 81. 90? on which they should have been
ass, ssed and TO which amount We recon-
mend reduction:
Re. petition Standard Accident Ins. CO.
we find that personal assessment OF ST.
s44. 10 was levied against them for 1919;
that said compan owned municipal
tax exempt bonds amounting TO $3.50
800. or more than the assessment against
said company. and we therefore recon-
mend that the assessment levied against
them FOR said year be cancelled:
Re. petition Peninsuar Life Ins. Co.
we find that a personal assessment OF
$4,000 was levied against them for
the year 1919; that said company owneS
municipal tax exempt bonds and mort
cages on which the mortgage tax IA
been paid amounting to $127.035.55, or
more than the assessment levied, and we
therefore recommend the adoption OF the
following resolution.
Respectfully submitted
GEORGE S. FIELD
GODFREY FREIWALD,
JAMES VERNON.
ROBERT w. RUTTER.
F.. d. CASE,
JOHN l.. JAKEI.
Accepted. and on leave, the following
resolution was offered:
BY Aid. Field
Resolved. That the City Treasurer ne
and he Is hereby authorized and instruct
ed 70 accept from the firms hereinafter
mentioned. such amounts as appear OPP
posite their respective names. in full set