OCR Text |
Show SAID TO ESCAPE PAYING TAXES Large Sam Claimed From Marshall Field's Estate in the Payment of BacK Taxes on Property. CHICAGO, July 21 Thg three-cornered controversy between the board of review, the executors of the Marshall Field estate and the Corporation Councillor's Coun-cillor's office came to an end yesterdsy when the taxing body decided that the Field estate should be taxed, a total of $180,000,000 this year, including back taxes. Ths decision means that th. executors of the estate will be compelled to pay the $2,800,000. which Is more than the total to-tal amount of personal property on which Mr. Field was taxed during the last years of his life. The greater part of this sum to be paid Is to come from the collection of the back taxes, on which Mr. FieTd is held by the board to have escaped payment. President of the Board W. F. Upham held that the board should fix the tax amount of property upon which taxes bad not been collected since 1899 at an average of $15,000,000 yearly, amounting to $105,000,000 for the seven years. To this sum will bs added 10 per cent Interest Inter-est fixed by the lsw to be collected In all cases of this kind. This Interest amounts to $432,900. |