OCR Text |
Show RICH ESCAPE JUST TAX i ! I Millions in Stocks Arc I . Not Assessed in ll.inois Chicago. August 2 Chiiaj millionaires mil-lionaires were taken by surprise call-rd ay when Frank W. Jones, presl-Wit presl-Wit of the Illinois Tax Reform league, filed with the board of review a statement that $200,000,000 of stocks in lorelgn corporations owned by clt 7pos of Cook county have been concealed con-cealed by the assessors and reviewers review-ers and have not been assessed. It Is said by lawyers for. stockholders tiiat stock in foreign corporations is not subject to taxes In Illinois, but the league says i: Is. The communication gives th" I names of the owners, the name of tu- . companies in which they are alleged to hold stock and the par value of the securities. Altogether there are seventy men lu the loague's list, which. I headed by the names of J. Ogden Armour and Edward Morris. According to Mr. Jones, some of j fiese men have not been assessed on anything like the amount of assess-able assess-able personal property owned by them j for the period beginning in 190.., and j lies claims that jl5.n0w.000 could b-i added to the reenne of the county 1 if th? legal penalty should be added. ! The association gave notice to the i board of review of Its intention to j lMe with the circuit court of Cook ; county mandamus proceedings to coirt- pel that body to assess the stjck ot" j foreign corporations held by rsi-j rsi-j dents of this county, i In behalf of the board of review, ' Fred W, Upham said that the board fixed the taxes as the evidence it bad in its possession would war-runt. war-runt. ' The list submitted bv the tax re I form league gives the following hold irgt, for. the richest men named: j Edward Morris. $39,919,700; J. Ogden Og-den Armour. $32.1 19,700; Jov Mor- j ton. $fi,fio0.000; Arthur Meeker, $:,-370,000; $:,-370,000; John .1. Mitchell. $4,020.-('00; $4,020.-('00; Louis F. Swift. $.", 129.000; E F. I Swift, $5,0.TG,OOii |