New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-03-04
Endangers 100000
New York investments,
Legislators Told.
ADVOCATES PRESENT
PETITION OF $4,000
Hearing on Herrick.Schaap Meas
ure Attended by Large
Delegations.
fBy telegraph to The Tribune :

Albany. March 3.-Representauves o.
realty associations and civic bodies ap
peared against the Herrick-Schaap tar
bills at a hearing on the proposed leSis
ation in the Assembly Chamber to-day
Dangerous. conflscatocy, iniquitous, I'M
moral, injurious, antagonistic, OBNOXIOUS
outrageous unjust. unfair, mlsieadihs
and fallacious, were some or the adJec-
tives used by the speakers who opposed
the bills, saying they endangered the in
vestment of $500 10000.
There were several speakers for the
bills also, including delegates from the
United Hebrew Trades, the Brooklyn
Central Labor Union. the Women's Trade
Union League the New York State Fed
GRAFTON Of Labor and several smaller or
ganiza tons, all from New York City.
Robert +. Bowling, president OF the
City Investing Company, OF New YORK. leo
the delegation opposing the bills, wnlch
provide for a referendum to reduce the
tax rate on all buildings in New YORK
City to half that on the land with MT.
Dowling's delegation were Borough Presi-
dent Mccormack OF Richmond, Allan
Robinson, representing the Allied Real
Estate interests; Henry Block, represent
ing the United Real Estate Owners Asso-
citation: J. Homer Hildreth. representing
the North Side Board OF Trade; The
Bronx Tax Commissioner. Joseph s.
schwab; Alfred f. Marling and James L.
Wells.
Those who favored the bills presented
IS, 900 signatures in favor Of the PROPOSE
ton, 2o0O0 OF which were handed In by
Benjamin c. Marsh, secretary Of the New
York Congestion Committee. A resolution
of the Tax Commissioner of New York
City. concurring i'm the recommendation
Of the Board OF Estimate and Apportion-
pent that the bills be not acted upon
until Mayor Mitchell appoint commit
tee to study and report on the question,
was offered TO counter the list of sigma
lures.
Mr.. Mccormack told Senator Cullen and
the other members OF the Cities Commit
tees that every member of the Board Of
Estimate was opposed 10 the measures.
1T would be the greatest kind OF wrong
TO pass these bills" said ID. NJ. Schultze,
representing the Taxpayers Alliance AS
ISOLATION. He pointed out how the big
interests would Profit by such bill, while
the bureau OF taxation. if the Herrick-
Schaap bills became law, would fall upon
the small property owners. 1t would In
crease rents to the wage earning class, he
added, and, instead OF relieving conges-
ton, would only tend TO increase IT,
Some OF those who spoke for the bills
were Maurice de Young. president OF the
Central Labor Union of Brooklyn; Fred
erick l.. Crawford, yice-president OF the
Business Mems Association TO Untax In
dustry: John j. Hopper. Register OF New
York County; Thomas NJ. Galbreath, and
Benjamin c. Marsh, executive secretary
of the New York Congestion Committee.
The Citizens Union also appeared
against the bills and issued a statement
indorsing the Simpson-Stoddard bill, in
Il oduced i'm the Legislature to-day,
amending the New York charter TO pro-
vide for an unearned increment tax. This
bill provides for a tax OF per cent per
annum upon all future unearned incre-
N, ant On lend values