Order of Appellate Division modified so as to deduct from the assessed valuation the cost of furnishing the periodicals to the subscribers who have paid in advance for the unexpired terms of their subscriptions, without costs in this court to either party, on the dissenting opinion of Scott, J., below.

Concur: Cullen, Ch. J., Gray, Werner, Willard Bartlett, Chase and Collin, J J. Dissenting: Hogan, J.