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5 corrections, most recently by anonymous - Show corrections

CHICAGO PENNILESS.

I £28,000.000 Unpaid Taxes.

Legal 'Decision Prevents Collection. | | NEW YORK, .lan. 1.

Chicago which is already in difficulties       due to the refusal of the bankers to buy tax warrants and to the draining of the civic and school bond treasuries to give the employees two weeks' pay for Christ- mas (the salaries of teachers being seven       months overdue), has received a further     blow. County Judge Edmund Jarecki has given, in a test case, a decision invalidat- ing the Cook County assessment rolls of 1928 and 1929. The city, therefore, is vir- tuallv penniless, and is facing a receiver- sbip, as it will be bereft of its tax income probablv for months, for Judge Jarecki has rendered uncollectable 140,000,000 dollars, (normally £28,000,000) of unpaid  

taxes.

The 1930 taxes are now due, and probably it will not be paid in view of the ruling.  

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