Evening star. [volume] (Washington, D.C.) 1854-1972, 1933-09-15
UNTERMYER FLAWS
BROKERS' OPPOSITION
TO EMERGENCY TAXES
Continued From First Page.)

Continued From First Page.)
this sacrosanct business of theirs be
touched by the rude hands Of the tax
gatherer.
If that audacious challenge is to
be the issue, the sooner it is known
the better. A more callous.
insolent challenge and one having less
cause was never hurled at the head
Of the law than by these lawless tax
lodging groups"
$4,000. 200 Program.
The board of aldermen swiftly ap-
proved yesterday a $40,000.00O emer-
gency tax program and soon after the
board of estimate voted to slash the
salaries OF its members, including Mayor
John p O'Brien.
The mayor. it was expected, will sign
the six measures in the tax program
without delay.
The measures. imposes q Accent
stock transfer tax. S per cent
income tax on brokerage houses. q IL
per cent tax on utility earnings, q scent
TAX on taxicab rides. so per cent in
crease in the water tax rate and a
one-Quarter Of l per cent tax on assets
Of savings banks, life and fire insurance
companies
The mayors pay was cut from $40 900
q year to $4,000 and salaries of the
board Of estimate proportionately, all
effective in the 1894 budget.
The board Of estimate also approved
reductions IN the pay of aldermen from
$4,000 to $4,000.
Marshal Attack.
The Association Of Stock Exchange
Firms Immediately marshaled an at
tack on the new tax and instructed
counsel to proceed along q three-fold
route:
First. an attempt to find a vulnerable
Legislature empowering New York City
to levy extraordinary taxes; second, a
test In court II necessary on the ques-
ton OF whether the two taxes affecting
stock exchanges are in accord with the
enabling act: and, third. the contention
OF the exchange members that the
taxes are unjust and conflscatory.
Tammany Hall IS approaching Tues
days primary election confident that
Mayor O'Brien will be renominated by
the Democrats.
Adhering to its policy OF keeping
O'Brien out Of direct conflict with his
opponents. Tammany has virtually ig-
nored Representative Loring M. Black
&hu hooCAlpAyAldil JcIOUlc ". hmDTO.
Independent Democrats seeking to
wrest the termination from the mayor.
Tammany Leaders Confident.
With the booing Of Mayor O'Brien BY
the Stock Exchange N. r. A. paraders
ringing In their ears, Tammany leaders
and their allies are quietly striving to
bring out organization votes in sufIicient
numbers to offset any defections to the
Independent candidates.
Tammany leaders expressed conf
dence neither Black nor Ambro stands
a chance of winning the right to meet
Fiorello H. La Guardia. the Fusion can
didate, in the November election. They
point out that while Black or Ambro
might be dihlcult to defeat individually
they will only split the anti-orgai-sxs
ton vote In the primary.
Meanwhile, the Fusion forces are de-
voting their time almost exclusively to
organizing for the general election.
La Guardia will b. nominated on the
Republican ticket without opposition.
and there are no important contests on
the remainder Of the ticket to compli-
cate the election.
Fusionists expect Thousands Of voters.
angered by the new taxes. will turn
10 La Guardia in the general election.
They are content to allow the wave OF
protest to gain momentum without any
t1nge of craftsmanship.