Sacramento daily record-union. [volume] (Sacramento [Calif.]) 1875-1891, 1882-04-20
STATE BOARD OF EQUALIZATION.
The State Board of Equalization met y

assess q mortgage MADE &c Tue heRtAbs, lag
asked if he should assess the mortgage and
allow the owner of the property deduction
therefor or if lit being conceded that the
mortgage is the property of the State, and
comes within the exception of Article OF
the Constitution, that exampts State property
from taxation, ana cannot, therefore, be
asseued), shall he still allow the owner OF
the property the deduction of the vslue oil
the mortgage, or shall the whole property be
assessed to the owner.
The Board held that the mortgage does NOT
come within the exception OF the Constltu'
ton, and therefore should be assessed. Iais
ruling is equivalent TO an order to Assessors to
assess mortgages made for money loaned by
the Regents of the State University. The
reasons for this ruling were stated by mem
bers to be-
l. That to not assess would deprive the
county CT city in which the loan was made OF
its taxable property.
g The University loaning money comes IN
competition with other lenders of money, and
she should not be favored as against any indl-
viduals. By the ruling the Regents will re-
Give no more interest than others can get.
L is here to be noted that the Attorney
General has given an opinion that the mort
CAGES made to the Regents are State prop
erty, and are therefore under the Constitution
exempt from taxation.
The Board agreed that the mortgagor is
entitled to his deduction in any event; but
as to whether the State should pay taxes on
the mortgages, it was urged that the Regents
have no right to loan upon mortgages, and
therefore, their act being in excess of author
ity, the result is that it must bear its burden
CT taxation. The law says the Regents shall
invest the principal of the sum given them
in bonds; but they had interest accumulate
on their hands and this interest they have
leaned out on mortgages. How much this is
is not known now, but 800. 600 have been
heard of in two counties.
One Of the Board of Equalization, Mr.
Johnston, who, with Mr.. King, did not agree
with the majority, asked, IF the Regents
kept the interest monay in a vault, would it
be taxable?" The answer was "No."
''Then" he replied, "it is no more taxable
when invested as the Regents have done, that
it may be earning something"
TIE testimony of officers of the California
Northern Railroad was taken as to values of
that road: Rolling stock, Sc $50; franchise,
S53; roadway, 81, $50; roadbsd, S13 $50 I;
rails, SIG 375 The San Francisco and North
Pacific Railroad was mex. taken up and tes-
timony taken as to values, showing rolling
stock, SOS, $50; franchise, S25; roadway,
S37, 600; roadbed, sos. 737 80; rails, $780, 245 /;
total, S55l, 567.
The Board at 4;SO P. NJ. adjourned to 10
a. N, to-day.
The CoYCERT,-The third of the series of
concerts being given BY Professor J. l.. Skin
ner took place at tho Metropolitan Theater
last evening. The attendance was good,
though not quite SO large as at the second
concert. The entertainment was much en-
HANGED by an orchestra ct twelve pieces that
accompanied throughout and played two
numbers of the programme as overtures.
Professor Skinner was the director of the
evening, aud Miss Martha Littlefeld was
pianist. There were ffty-three singers: on
the stage, twenty being male voices.
Cooley, Mr.. BAillargeon aud MIR. Rsde-
macher. Mrs. Cooley sang g l Lightly Fly"
by Arditti, and, for an encore, the ballad, g
cannot sing the old songs" Mr.. Baillsrgeon
sang The Heart Bowed Down." and for an
encore, 81 Fear no Foe," by Pinsutti. Mr..
Rademacher sang THE Sailor Boy," by
Peters. aud for an encore, "Down in the
Depths Below" Mrs. Rademacher sang
Millard's L" The Mountain Maid" A male
quartet-Parker, Donaldson. Rademacher
and Baillargeon-sang 1.-THE Chivalry of La
bor," and double quartet, with the first
three voices and Vandercook, Keller, Gen
SHEA, Abbott and Becker, sang plantation
song and received an encore. The choruses
were AS it fell upon day." by Morning
ton :" Hark hsrk Each Spartan hound, )"
by Bishop; " Great Apollo. Strike the Lyre, F"
by Webbe; Mendelssohns "Song of the
L5rk :" Daughter of Error" by Bishop,
and Happy and Light" from ths " Bohe-
milan Girl" Mrs. Rademacher and Mrs
Cooley sang Hoffmann's 81 Feel Thy Angel
Spirit" and with Parker and Baillargeon
they sang awake to the Hunting" with a
prelude Of horns. The best orchestra WAS
The Fairy Tales Waltz" and the best cho-
rus "Hark bark Each Spartan Hound"
NoTARIEs APPoINrED.-The Governor has
appointed the following as Notaries Public
Duncan Beaumont, Winfield j. Davis, A. G.
Sweetser, w. r. Cantwell and Elwood Bru-
ner, for Sacramento county, TO reside at Sac
ramento; Eugene II. Tharp for San Fran
cisco county, to reside at San Francisco; 3.
j. Wood for San Luis Obispo county, to re-
side at Arroyo Grande; H. n. H. Brown for
Mono county, to reside at Iundv; Thomas
Newman for Mono county to reside at Bodie
G. A. Stuart for Santa Barbara county, to
reside at Guadalupe; I. q. Farmer for Santa
Clara county, TO reside at Santa Clara w.
A. Parkhurst for Santa Clara county, to re-
side at San Jose; Willy H. Moulthrop for
Los Angeles county, to reside at Wilmington
Frank A. Gibson. to reside at Los Angeles
R0mayre Williams, to reside at Pasadena
Richard Egsn, to reside at San Juan Cspis.
trano; John A. Whaley for Humboldt coun-
ty, to reside at Arcata.
NEW INSURANCE HEADQUARTERS. = The
Western Fire and Marine Insurance Com
pany of California has established permanent
headquarters on the northwest corner of
Fourth and streets, and J. H. Sullivan has
been appointed agent for this city. The
building in which the agency is located has
been remodeled and neatly finished and fur
nished, and presents fine appearance. In
an announcement published By the company
in another column, a full list of the stock.
holders is given, among whom, it will be seen,
are large number of prominent merchants,
manufacturers and capitalists of the State.
Special stress is laid upon the company be-
ing Independent of the combination existing
among insurance companies. and that losses
are paid Immediately upon adjustment.
MINIS SOCIAL There will be a social
given at the First Baptist Church, on Ninth
street, between NJ and n. this evening, for
the benefit of the organ fund. The distinc'
i've feature of this social entertainment will
be that the singing, reading cooking and
serving is to be done by the gentlemen alone
No lazy is to have Finger ID the pie .
The ladies will be allowed to sit around and
look on as long as they behave themselves,
but they will not be permitted 10 take any
part 10 the exercises or in the conducting OF
the affairs of the evening, This is to be one
Of the occasions where man says he can "go
it alone" This will be the first entertain.
ment Of The kind ever given in the city. The
admission will be 30 cents for gentlemen and
p cents for ladies.
METROPOLITAN THEATEB.-The Metropcl
itan Theater will be opened this evening by
the Grandma Birthday Comedy Company
The performance will commence with the
fareial comedy, in one act and four scenes
written By A. d. Arnold, entitled "a Mora
Hubbard" The double sailors horn-pipt
will be danced by Ida Siddons and Sadie
Siegrist; clog dancing by William and Amos
Arnold tight rope and horizontal bar acts
the whole to conclude with the music,
comedy, in two acts, entitled Fun in Enor
nifty, or Grandma's Birthday" Performance
will commence at Sis P. NJ, sharp.
p.yrpsi NIFFTrNG - An adiournef