Word: jersey
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Dates: during 1930-1939
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...Other Federal grand juries sat in San Francisco, in Washington, D. C., in Connecticut and New Jersey, with others soon to be called in Los Angeles, Seattle, Chicago, Detroit, New York City...
...Central Railroad of New Jersey; New York Central; New Jersey & New York; Delaware, Lackawanna & Western; Lehigh Valley; Pennsylvania; Reading; Erie; New York, Susquehanna & Western...
...hungry New Jersey has a propensity for pulling the teeth of gift horses (see p. 73). One victim was opulent Standard Oil Co. of New Jersey (assets: $2,044,635,000). Hit with a $300,000,000 assessment on its intangible property by Newark in 1935, the company got it reduced to $50,000,000, paid a $2,000,000 personal property tax, promptly moved its books and records to Linden. There town fathers slapped on a $75,000,000 "omitted assessment." Standard paid a $1,000,000 tax and began looking for still another home...
...years ago it found one: neat, elm-shaded Flemington (pop.: 2,700), site of the notorious Hauptmann trial. With a consistent assessment policy, a tax rate that seldom fluctuated, little debt, conservative little Flemington, near New Jersey's western border, looked good to harassed Standard. Into the tiny law office of sedate, greying George K. Large (Princeton '99; former country judge) went a huge new safe to hold the oil firm's records of incorporation. Up went the town's ratables as Standard was assessed $45,000,000 in personal property, paid...
...Flemingtonians could only guess. Maybe the town tax would melt away altogether. Busily turning their new-found tax savings into fresh coats of paint; landscaping, new roofs, etc., the town was rewarded for not being tax greedy. For Flemington's tax rate was 31? below any other New Jersey municipality-and still going down...