Show Rich New YorKers 1 Transfer Their Cash NEW YORK Oct 1 By I.-By By the convenient convenient conven conven- process of transferring their bank deposits to New Jersey or Connecticut institutions wealthy r residents of New York state are posing today as poorer by bv ninny many millions It i is estimated that about about has hns been sent across the river to New cw Jersey or over the Connecticut state border The rea reason on IB is that today is is is' isa a personal property tax day and many possessors of wealth have Jon long made it a 8 custom to adopt this ruse to avoid taxation in New York state According to Lawson Purd Purdy dent of the tho board of tax commissioners however the tho removal of accounts from New York City to other states dOM does not exempt the owner from taxation on those these deposits and he cannot avoid th the i tax he ventures a false also oath as tt to tho amount off fr h his pe personal property p op |