Show A s r ROY EDS BUILDING ul up to a short time ago a 20 story skyscraper stood in tho the famous loop district ot at chicago the build ing ng returned a rent ot of 50 a ri haar aar A chicago business nian man was offered tha opportunity to buy it tor for nd d he turned it down I 1 ll 11 since then the building has been j wrecked and the tha lot it stood on ta fig being ube for or a parking space Y this aw amazing abing little story ap t speared VP eared recently in the editorial I 1 f columns colum its of tho the san francisco cally bulletin As uie the knowing will have f guessed the trouble with the building was taxes they came to SM 40 a year and the owners were in arrears an entire year to con to operate they would have 11 had to pay out the ent bent ro 10 turn justify it and the result well everyone ost lost the owners ot of the building who had bad invested money in it and tl were fin finally i ally forced to destroy it in belt belf defense tile the city which was out t thousands ilou sands in taxes and lastly L the general pu public lilic which must at make nae up ud the taxes the building t i wr would id normally pay i hus is la ii the old story of excessive jf t taxation do n and it has been told a s times bankruptcy anent f industrial recession slowed Som community progress these are the inevitable corollaries coroll arlea ot at h wasteful and expensive govern mout ment it la Is time our law tua makers kers A reads read the handwriting on the all |