Illinois News Index

Winnetka Weekly Talk, 16 Oct 1926, p. 40

The following text may have been generated by Optical Character Recognition, with varying degrees of accuracy. Reader beware!

a October 16, 1926 WINNETKA TALK 39 SAYS TAX AMENDMENT OPPOSED BY MINORITY Harrison B. Riley, President of Title and Trust Company, Address Realtors People of large incomes who own | little property, people employing com- petent tax agents, and those who con- trol organizations of such magnitude that the assessor can only make a feeble guess as to values, make up the opposition to the tax relief amend- | ment to the state constitution to be | placed before the voters at the No- vember elections, Harrison B. Riley, president of the Chicago Title and Trust company told the tenth annual convention of the Illinois Association of Real Estate Boards in session at | Kankakee last week. Protest against passage of the amendment to permit the legislature to distribute state taxes more equit- ably over various forms of wealth, comes from a small but influential min- ority who are not now over-taxed, de- clared Mr. Riley, who asserted that the heavy tax on real estate is slowly confiscating the lands of Illinois. In answer to charges that the amendment would permit oppression of certain classes Mr. Riley said: Declares Farmers Oppressed "Those who oppose the amendment are convinced that a change in our tax system will not improve their for- tunes. These people are satisfied for they suffer no oppression. Their ox is not gored. "But the people who are oppressed, whose ox is gored, are people of mod- erate means--the farmer, the home- owner, the tenants, and small mer- chant, as well as those puritanical few who schedule their personal property | grows at fair value. This is not a mere pos- sibility of oppression. It is the real thing. It is not imposed by a wicked and arbitrary legislature, but by the constitution itself and that we must amend. There is no other way. Gov- ernments must live. The work of civilization must go on, and if legisla- tion is impossible to broaden the sources of tax supply, by reason of constitutional limitations, then the present sources of supply must carry the increasing burden. "It is common and just that an in- crease of governmental powers should [be scrutinized with care by the people | lest new powers bring new oppres- sions. It is also true that the various citizens considering the question will | view the proposed change with care- ful thought as to the possible effect upon their own fortunes. Some Want No Change "But when the objections proceed from those not now over taxed, their arguments should be considered with some care, and particularly should that be the case where the complaints are light-minded and deal with mere possibilities. "Those of large incomes and small property; or those employing compet- ent tax agents; or those who control concerns of such magnitude that the assespor can only make a feeble guess as to value, tell us that no change in taxing methods is desirable. "The power to tax is the power to destroy according to the legalistic theory. The power to tax only one class of wealth, the land, turns the theory into a fact. Out of which the present demand for the construction of lines of transportation by special assessment, the importa- tion of experts, so-called, to raise as- sessed values of land and the fact that the owner or user of land is slowly but surely being deprived of his property by due but unjust process of the law." Members of the Illinois Association of Real Estate Boards are making an The Mcllvaine Oil Burner the oil and air With the Mcllvaine, no deli- cate machinery is needed. On the Mcllvaine the only flame is the oil flame--no gas pilot light--and the only control of supply. MelLvamne On Phone Winn. 147 WINNETKA Burner SaLEs 788 Elm St. intensive campaign for the tax relief amendment to be carried into every part of the state. A. C. Everingham, of the state head- quarters jin Chicago, addressed the convention on "The Tax Amendment-- Organization for Results," and reports were made by various local boards on activities concerning the amendment. ine Mr. and Mrs. Walter Norton of Ev- | anston have taken the Jules Salmen | home at 1018 Ash street. Mr. and Mrs. | Salmen have moved into their new | home at 420 Linden street, which has just been completed. | 5%% MONEY Have funds to loan on choice improved North Shore Suburban residence property at 5% 9% In terest. See us on renewals. i E. G. Pauling & Co. 5 N. LaSalle St. Main 0250 First Mortgage Gold Realty Bonds secured by North Shore prop- erty improvements are an ideal investment for October funds. - v on 1564 Sherman Avenue Evanston ing room. dren's playroom. Priced Exceptionally attractive and well built home in Glencoe with a ten mile view overlooking beautiful Skokie Valley. Al- most an acre of ground. 14x16 foot sun parlor with awninged, open porch above. ter bedrooms, two tile baths two servant rooms with bath. Warm and dry base- ment can be used as billiard room or chil- Vapor heat, William's Qil-o-matic burner. considerably under surrounding homes of same type. Full information from exclusive agent. Horansox Jeni North Shore Properties Telephone Greenleaf 1617 500 Davis Street EVANSTON 30x18 foot liv- Four mas- SECOND MORTGAGES 5% COMMISSION Owen V.Van Camp, Vice President MERCHANTS ACCEPTANCE CO. 29 So. La Salle Street, CHICAGO Randolph 5686-5786

Powered by / Alimenté par VITA Toolkit
Privacy Policy