Lyon County times. [volume] (Silver City, Nev.) 1874-1907, 1879-09-06
SAN FRANCISCO NABOBS.
The Amount. at which Their Prop
erty is Rated, for Assessment
Purposes.

IlAC AmVuAW AU Vhich AnOAA IVY
erty is Rated, for Assessment
Purposes.
An extract from speech made in
San Francisco last Saturday by AS
SCISSOR Badlam, gives some idea Of
the valuation placed upon the prop
erty of the rich men of San Fran
cisco, for assessment purposes. The
speech was in reply to.a rival candi-
date. Following is the extracts:
He says Charles Crocker is assessed
at $40, 600, when the books say he is
assessed at over half a million. He
saws that Mr.. Flood is assessed at
$lOO, coo, when the roll says he is
assessed at $710, 200 on personal prop
erty and million or more on real
estate. He says that Mr.. Haggin is
assessed at $4,000, when the truth
is he pays taxes on over a million of
dollars in this city. He. says that
Mrs. Hopkins is assessed at $6,o50,
when the roll shows her to be as
sessed at over a million and a half of
dollars. This $6,e50 is only for the
furniture of house on Suffer street
where she formerly lived. He says
chat E. j. Baldwin is assessed for
1913, 600, when the truth is he is as
sessed for $4,000 for personal prop
ertv. and more than half million on
real estate. He says Leland Stan
ford is assessed at $4,000, while the
personal roll will show oyer $500, 900,
and much more on real estate. He
says William Sharon pays ON $685.
600, while the truth is he is assessed
for two or three millions, being the
largest taxpayer in the city, as most
of his assessable property is in real
estate. He SAYS r. B. Woodward's
assessment is $4,000, while it is
about quarter of a million of dol
lars. He says the Nevada Bank is
assessed for $4,000, while the real
figures are more than four millions
of dollars; two and half millions
being money alone. He says the
Spring Valley Water Company are
assessed for $500, 900, when they were
assessed at 100000 last year, and
SS,0OO,OOO this year. He says the
Central Pacific Railroad Company
are assessed for only $4,000, when
in fact they are assessed for over one
million OF dollars.
And lastly, he says the whole Of
Chinatown is assessed for only $780,
600, while l assert, without fear Of
contradiction, that it is assessed one
third higher than any other portion
of the city, and that the personal
property alone amounts to over $780,
900, while the real estate will go up
in the millions.
GRADING ACCORDING TO WEALTH.
On my accession to office l raised
the water and gas companies assess
ment from nominal sum into mil
lions. Railroads, banks and all rich
men and corporations were increased
in many cases tenfold, and made to
pay their just proportion of the
city and State taxes so far as very
defective revenue law would permit.
BY this refer to the law of taxation;
under the present law, only tangible,
visible property, not including notes,
bonds and other valuable evidence of
wealth, Is assessible. 49, -''
Thus when Nicholas Luning, the
millionaire, presented a sworn state
ment that he had less than 800 at
that time on hand his statement may
have been true, for rich men never
keep large sums of money to their
credit, but instead of that they place
United States, railroad or other bonds
in the bank as security, and draw
against them. For such over drafts
interest is charged by the bank, thus
never having dollar on hand that is
assessible.
The bonds, notes and other valua-
BILE securities are unassessible, and in
order to get an assessment out OF
these nabobs | am compelled to assess
them for something they have not
got-namely, money on hand.
These are graded according to the
wealth of the parties-from $4,000
to 100000 each--and rather than
pass the inquisition of the Board of
Equalization they pay the tax ! have
justly levied upon them.
AGA 10y - $1,000