Newark evening star and Newark advertiser. [volume] (Newark, N.J.) 1909-1916, 1914-10-30
STORY OF "THEN" AND NOW"
EVENING NEWS VAGARIES
Pahe Expose of Change OF Heart Brought About by Per-
snnal and Political Anlnls Toward City Counsel Mgent
Rsxealsd It's Own Col unns.

What charming or pitiable spec
tacle. as the case may ba, OF Then
and Now is presented nv the Eve
ming News IN a spreaA-head article in
yestsrdBy's issue concerning the effort
ffsAfa To assess the special deferred
dividend fund OF the Prudential In
suranns Canpan5
Then." IN 18TH, when the Court of
ERRORS and Appeals decided thai this
fund wRB taxable. the News went into
ecslacies over tine victory WON by
Newark and edltnrialty and in its
NEWS columns piled praise on those
wh@ brought about the great victory .
and warmly urged the enactment OF
legislation that wonld ever insure 10
Newark the benefits Of smch q tax.
'ignat wBs -'Thssn" and City Counsel
James r. Nugsnt was the medium
THAT sUugInt to- obtain these benefits
SO That the bG1rdem OF taxation ON tire
general taxpayer would be nghtened-
MSne Is Ems ~Tban-~
Them The Exenimg News was not
hot after MI Nnsgnsss scalp, and
nwwed Big a calm and even SPIRIT 1t
extended credit to whom credit was
due amid 3Dined I'm the rejoicing with
AN the peDpHR tHa4G their interests
mad been wen and faithfully served
THAT WAS Then" when the News
had mo- particular axe 10 grind and
was not stirred by personal rancor
OF 0weFwcrked Spleen II waa
pleased To participate in the Victory
Won for Newark" and It's news coli
uulus and its editorial columns
teamed with evidence of apprecia-
tfou OF good work accomplished by
Mr. Nugemt The highest court In
the State had upheld Mr. Nugent's
contention, and that made 1t all the
better.
Now" well now It Is different The
Evening News is simply piniDg to an
ni7liiate Mr.. Nugent and wipe the
Democratic city administration of
the map. Nothing can be too bitter
for the News to say of Mr.. Nugent-
The sins of others and the errors OF
all mankind. OF courts, lawyers and
,aymen, are lodged against his door,
and for personal and political pur-
poses it assai1s him Now" in 1914,
for the very things that Then" N
1911, 1t extended boundless credit for.
There was no newspaper more en-
thusiastic than the Evening News
over the decision of the Court of Err
rors in the Prudential Insurance case
in 1911, and when il seeks to saddle
sO-caIled ''blundeTs' for subsequent
happenings on Mr. Nugent, or any
one else for that matter, it simply
holds itself up to ridicule.
Tho amazing change that has come
over the spirit of the Evening News
dream is exempli1ed in its attitude
OF Now and the following taken
from the columns of the paper is
sued Then" which is reprinted, so
that those who run may read. 1t
tss.sS
taking picture in the shade.
Newark Evening News. Tuesday,
March Z, 1911.
THE PRUDENTIAL TAX DECI-
About 500, 900 in taxes win be paid
into the city treasury as a result of
the decision by the Court of Errors
that the special deferred dividend
fund Of the Prudential Insurance
Company Is taxable. Even this large
amount does not indicate fully the
extent OF the victory won by Newark.
Only the taxes for two years were
directly involved in the decision.
This special fund contained $l4, 623, =
1927 when it was first assessed for
taxes in 1909. Last year the fund had
crown to $50. 2S3, 574.20. This year, UNI
der the insurance laws, the fund will
continue to grow largely, and will
Increase heavily for the two succeed
ing years at least, so there will be
edded to taxes collected from this
source a very large sum that would
have been lost to the city had the
decision been In favor of the COM
pany.
The history of this litigation has been
told a number of times, but Is worth
repeating in outline. When the New
York Insurance Investigation had
shown up so much crookedness, a
series of bills was introduced in the
New Jersey Legislature and passed
for the purpose of further regulating
The life insurance business.
Among these bills passed in 1907