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their way tiiat ttuey have 'Dccl glati to preserve any equilibrium, no mat- ter witb how great an incubus. However, there has. not' as yet been any effective method of getting. back *on la cash basis. Last week we saw that as a resuit of tbe prospective reduction of 251 percent -ie. real estate assessed valua- levies, the schools of this township are at the ,ed, of their fiDancial ropes, or very, nearly so, . based -on the assumption that they may nee4 again levies as bigh as thèse of 1931. Now we turn to some è.of the prob- lems o f local villages and parks, which'are much'the saine as those of. the. schools. In considering approximaàtes of tax situations àt should be borne in mind there. are'so mnany differenit and vari- abefctors.prelitainàry;to'establish ing final figures that due allowance should'be. made for *variations. For inistance, the law cal for the. arsss -or to find a fair cash value of both real estate and personal possessions of every resident. But that is Dot what the assessor does. Hec finds, through bis deputies, the fair value, and then proceeds to set down in bis books that 37 percent of that value is the fuall value. Thus, if you own a $10,000 home, your assessment will appear presumably at $3,700. Simi- larly, it is supposed that yen schedule vour full worldly possessions-jewels, dogs.. radios, cattie, washing ma- chines, stocks and bonds, moiiey in year, qntt collece d. Meanwbile, because et téoo g reatly. curtailed warrant .ower, they. are now faced with the need: of mnakinig inordinafely higb levies. And this latter situation cut .s. spe-, cially deep into the pockets of the ýprompt taxpayer. .The only savingý grace to this situation is that, on the one, hand, if there sbould be a defi- nite enae of "btastcd" prop-. erty owners, thé solvent ones. would bave to. mainqaintbe cost of goverù- ment anyway-, and on tbe. other, if by over-paying taxes now large cash surpînses eventually result, taxes will some tume be cnt accordingly. There is still further the 'widc va- ety cf taxes and tax Iimùits in the cases of the village governments. Here there are varions levies made by the village for sucb costs as hi- hrary, recreation work, bonded .4*bt~, firemen's pension, police pension, 'public benefits, garbage disposal, etc. in addition to the principal levy which is for corporate purposes. The job of estimating each situation. je each community bas probably not even bec,, eonpleted by the proper officiaIs. Tbis writer can only make the. lwoader comparisons, without measnring increased rates and re-« duced valuations against fresh levies and additional warrant power of ev- ery. taxing body.t For 1931 this was $24,737,630 for the village. Becanse of profits froin its ufilities it necded to use a rate of' only .$0.69, the lowest on the north shore. This côuld produce ie taxes $170,689. Now the. cut in assessed valuation br ings that figure ta $19,- 547,902, which. to produce the sanie amontf of taxes as previously would require a rate of;$O.87. ýThe old as- sesscd valuation for. the Winnetka Park district was- $24~089, against which ifs rate of,$0.31 could produce $75, 50. Naw the valuation. is to be cut to, about $18,186034, which will requirea new rate of about $0.39. Commoug P.gsumse Tax Donbtless the, thought, frequently rises, in conitemplating, the present tax frevohition, that even if real estate valuations' :are being thus drastically reduced, there will be fnlly compen- Sating increases in personal property assessments. While reàl estate valu- ations have sbrnnk 38 percent be- tween the 1929 and the 1932 'assess- meits, and the personal propeîty bas.. increased 125 'percent between 1929 and 1931, these percentages do. flot tell the'story. The realtyr shrinkage of tbe town- ship in four years is about $29,000,O0 and the personalty increase je three years isonly $5OOO. Ie 1931 the Thé part of Louis XI will be taken by 'Bob Merriman. Pauline Newton will 'have thc role of Lady Katherine de Vancelles, AI Brown will be Fran- cois Villon and Ruth Williamhs wiIl be, Hluegette. Both Bob Merriman and AI Brown havre acted with the Jack ania jiIl Players in Chicago and are Wel knowe at New Trier. aneNewton and Ruthi Wil- liams show a perfect undep~tanding of. their parts and, with the co.opera- tion that is being given 'them by the rest, of the -cast, wiIl help te, make " If IWer 'e King"' a very successful play. Miss. Elisabeth Stanwood, head of the -New Trier.,dramatié department, is quoted as1 sayieg:. "'If I. Were King,' the. play which is under, re-_ bearsal now, bas a one hundred per- cent chance of being tbe finest and mosf succèssful play yet given at. Furthermore, k has the popularity3 that is necessary te a play of its strength and draanatic appeal, and a cast that can throw the proper inter- pretation on -every angle. Mrs. Marian Cotton, bead of the music depatment at New Trier, will, Iead the orchestra througb the over- turcs and wilI furnish music between the acts. Tickets will be on sale MondaY, November 6, at the higb school and at various ,Places throughout the Mor thn lkel ye scedue afifh633,936. StilI 'using 1931 personal value of. your mortgages, etc.,.m oet and aa ,d iue, efn tenth value of yonr money. You the25 eryadrent cntfigurees te n would like to schedule your bouse-th 25pretc iralsae holdeffcts t waf yu tink heyleaves the 1932 assessed valuation at, hold bring on whteauctinkbloc $12,277,760. The village rate of $1.26, because these days se many ef themnti erwudpoue$8,0 are ld. ut eahî -yor oncne taxes, flot counting delinquencies. is ouronl gude.Aedaftr yurTo produce the' sanie amount next. schedule is acceptçïtor boosted arbi- ya ihterdcdassmn trail, he te ssssr ut t 3 would need a tax rate above $1.53. trarlythe th asessr cts t t 37The Glencoe Park district is' co-exten- percent, so that ie the case of botb sive witb the village and bas the realty and personalty you -are flot---------------------- 1'~.Hence the figures we have used here whicb ignore any increases, will net be so very far.eut of hie. But even if by the finie the 1933 schedules have been boosted and that assess- ment be doubled again and stand at 118,500,000, it would still be more than $10,000,000 below a figuré that would make up for the loss of realty taxing power. Moreover though it may be generally conceded that personal prpryassessments have been in- Speed i Fire Drili In a fire drill held Monday -morn-, ing at New Trier. High school the' student body, numbening about 2.100 cleared.1the building 'in le%-s than- two minutes. Commenting ýon the.. 6ri drill., Supt.- M. P.- Gaffniy. s tated that proper order ini leavimgý the building is stress ed as mucb as sped in get- ting 'outside. At the beginnin g of each school year. the New Trier students are given instruction by the faculty members on what to do in case of N..4 k.rrowimg Abilty' could' produce Also ie a technically accurate analy- nation is abc sis' of, current prospects for local would require taxe s, Officiais have te weigh their $128 te prodi levies and rates not on the basis of The sharp Iev3 what thcy would' need te spend and the doub] imiediately if -on a cash basis, but ast $ummer w reduction a ycar ago' when ig of - the hevy this. Durin alter. actual results.; for "19U J '.4I i 5in8 r ajusted. Lt woula seem that there colctions from personal il uo more important job for ail of- Kes art atartlingly ,bad ficials in the township than to try to red with those on realty. solve this' probleni of fax collections «st four years collections se, as te cnt both geverument inter- aveiraged 73.5 percent est, waste and taxes. 4*i-