Highland Park Public Library Local Newspapers Site

Wilmette Life (Wilmette, Illinois), 22 Sep 1932, p. 8

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CAMPLS COLUMN Observe a leader and youil, usually find that he's oing somnewhere; bhe * knows where hes going. Many a business man got the notion years ago that some day he would be f head of the busiftess. First he would be head of a small departmnent. then a divi- sion, tben he would run the wbole show. Because he had the courage- to believe that he could get to the top. and be- cause he haed the' sense to know that he would get there, step by step, he juet atUrally got there. '%IThen Post and G3atty goï the notion of 1flying clear around* the world in t en. days or less, they did&t say, -Whati ho! We'll fly around the world.," and . grabtheir plane and take off «in a gen-i eîrally eastern direction trusting to inçk, to get somnewhere day by day., But theyt knew each day where they were going, hopby hop. And they werf proving. -at least, tot out satisfaction. a theory of ours that people can. get away with fool. notions if they, have sense enough to know that they can't. get ail the way with suc ha notioôn in one big hop-. AIsee- it. the trouble withsoef us is this: We can see the big goal shin-ý ing far away, but the difference makes us doubt if we can ever get there, and * Ini our doubting we neyer get started. * Let's see the big goal far ahead, yes. But also let's see the littie, goals along the way that lead strai ght to the big one. Then we can start -and make goal afrer goal. Chances are we'll get there, as Post1 and Gatty did. And even if lwe don1t, we wilL have rried and triech intelligently>. 1And along this same, line. we > can't 1 carry everything in stock, but 'We have ita *We wil get it Or it isn't ma~de! Ridge end Lake Ave. Phonme Wuim.tte 316 Read theW,,* Ad ments on the schedules of the one time ricb of the community. Then once more will be exbibited the futil- ity of the present Illinois revenue law, which requires that taxes shah! be levied against both real estate and personal property o1n the same value basis. This law simply does nli work and never 4vill work. But we do reallyý notbing about it. When the Juui Iaw was. enacted back*iii 1898, thiere was great .interest ini what it wôuld accomplisb and muchli publicity' given to personal scb.edules until, the, vealthiest got Wise to th e situation. There had been a similar experietîceini New York state' , and down the.re the weal- tbiest people and estate.s carted, théir securities across the Hudson river, housed tbem. for a sho'rt time ini New j ersey, sWvore to a tax sched- nie that tbey had nothing taxable ini the jurisdiction of New York, and thén carted the stuif back tilt a cor- respondinig period the next year,ý when thîey repeated the performance. At the sanie time tbey drew down their bank balances to a negligible amiount. This ivas kept up utîtil New York -enacted a iaw which the writer can quote oîily f rom mMemory. A tax of about oîîe-lîalf of one percent wvas ordered , on taxable securities. whiiclî having. once been .paid would cxemipt those securities. This broughit 'ont lintge.,amuniits. of securities to be- ta<xecl, voluntarihv .aiid it increased ew York,'s reviene materialhy. But titis -as îiot stifficient, so an in- coine tax ivas resorted to and it sectiis to work reasonably .vell. Oth- er states have had sitnîjiar experi- euices. But Illinois trudges along wý%ithi its unequal tax btirdens. Who la to Blamne? In general 've lay the, blamefo the *situation ou politicians. Mlost of us have onr suspicions that wlien Mr. Kelly ias doinig his Hercnheaîî work to briîîg Cook county ont of its tax! ni orass, certaini litica con.y bosses were sinipl . ost alg o th patroniage plum ii in -the way 'of appointmnents in 'tie bailjwicks o'f tfle assessors and revîewers. Yes, politicianis do plav their part, but so do we, the public. Not so ffnany years ago the principal worth- while civic bodies of the state wvorked Peartily and syrnpathetically to. bring about a conistitutional convention to be taxed on the same basis with' sonal property sclheduIes to be filed, realty at present tax rates. La Salle and. the' number actually submitted street is weil 'acquainteci with miany n-as about half that amount. There gentlemanly representatives of Newv is a penalty of 50 percent for not fil- York batiks who are solicitiîîg tis ing personalty schiedules. But there* banking business. Funds of trust es- is a big job ahiead of the assessor's tates now domniciled in Cook- county office to bridge the gap of this huge are threatening 'to- change their discrepanty between realty and per- homes to other milder tax climies if sonaltyv assessmnents. The, hue and. their. burdens .ini these hard times of cry of the city school teachers and reduced estate incomes become heav- the real1 estate associations was that ier. So it is a practical matter. rn -.~ billions of peroalpopert%, Some one,. soniietinme, somieivhere was escaping taxation. Recently 'it among our legislators or citizenis will 'has been estiffnated that real estate_ tackle this probl.em again. Why, it taxes would h'e cnt about 27 percent is so. ridiculous .tlîat our childrei for 1931. The real estate boards at corne back from the university and i Ice cry out for 50 percent reduction. teli us that the Illinûis revenue law is Real e-state lias 'sbrtnk heavily iii the one .joke ini their .political eCoîi-, value 'in the'past few.years. My owni omy course. property is down at léast 50 percent. Applies LocaIly, Too if the:assessed valuation. goes downi, The local application differs flot a the. tax rate goes up to its legal Inn- whit from that down in thle loo i its. for the. tax speniding lias only the assessor schedules. savings ac- IJustý begun to fali off materially. It counits these . ill diminiishli ere f would seemi that. the- 27 percent mortgages are taxed, while àt th, ertductionin i real estate taxes mîght saine time the real estate under fthe rI etdciie i austsm e mnortgages is taxed. the price of niak- gree. It %vould, also appear that per- ille the niortgages %vili be the .ighierf sonal- property, with al~l the numerous and will be chiarged .up against the filings of petty hloîsehold: goodsý consumer, as aiwavs. hih i îîs chedules, 15 not gôiîîg to bear anv case will be, the borrowers on, .,the hrnarteaxoatati-ol real estate. ',That' is double taxation. voluntarilv1 assumne if a scienltific alialvsis were made. bv ecoîîomists. 0f curs, Herv eorg aruedi and a practical distinction made bc,- for one, single tax n eat1113-.tveeni realty and personalty. G-eorge. R. H-arbaugli. our local tow nsiîip, assessor Iliese nianv -vears< while lprobably îlot a sinetaxer, Ken ýIworh.IsScen lias lield in the past-the 'gie-vtat A K-nlorhI, c real estate realîy didî pay the tax of MYinor Aûito C.rash liere iin Newv Trier towvisli p aiid tliat , 1-11, iiîtursectioil of WVarwvick road the pèrsoîîalty, tax wvas jnist a littie a]](! \\ 'iodsiock avenue sugar in the coffee. Incideîitailv tlie ý(rI the sceiie of a uiior wrîter once lîeard a fanions tax ailoth wleaccdnatStrIi- authority sav lie 'vas about the on \-f -ooîaou :4 'lok towniship assessor inithie couit\, \ who tcar whicîaLoutard 5 R1oscus, 4 tredcoîistently',to -bring or(ler out Iag oiaavaîeChcaont, a 41-43J- otue îe(Iualities of the tax situa- witl1.01 tion. 'Aiyýpliçylie lav g nordl w11Xarvvick !collided ith teion.An oliçy eian àhaec attruck belongîng to ,the l;vaîston.ý perhap ovcruled ii ctect;,by the: PackiîIg oîaiv 08 )vs te count vassessor. -But it ivould. seeî vaîon an (I1008 as u XVood Iausible thiat the great majoritv (if ~aeu w -ebr at f people ini Wilmette have îîot sc lîed- tiîa ver 411Hebas îîo.. l'i îîled -baiik 'acconîitsuck(drstocks and tiiijured,* buIt !kos.enquist, 1 %vlo vasat -the welo bonds, ' thoug-h, the oath i n theta ia the. car, snffered inior scratches ail([ scliedule s;pecIfies thils must bye doiue. bruises. Botlî the car and ýtruck Concerning "Exemptions"o were 'd aidged, according to the Downtown, Assessor Jacobs' polic%,! Kenilivorth police report of thle acci- is toass noQ t- - - ( i c 37 uerý- ermore, there bas always' been a the- inake a technically accurate sjîowing ory on the part of economists that of assembling a legal tax roll on per- taxes should be spread on those able sonal property. Thbis sbould make an to pay them. But flot so fast., end of wholesale tax strikes and Last March we bad the spectacle resistance. There must be no taint of mnany hundreds' of millions of on these roils sucb as jeopardized deposits in- the Chicago- banks. sud- the assessments of recent years and AUTUMN BASEBALL ýe boys' basebail teamni Mrs. Edward A. ICaumeyer of 601j Linden avenue, who bas 'been seri- oushy il! the greater part oi the sumn- [mer, has recovered and wiII leave shortly for the Kaumeyers'; country home at Cbiwaukee, Wis., L'or an in- definite stay.

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