The record-union., 1893-07-29

ler's report corroborated his claim. Up
to 1885 they were declared invalid. There
was no declaration in 1856.
THE NORTHERN RAILWAY SYSTEM.
The reassessment of the different
branches was taken UP.
The Amador branch, now a part of the
Northern Railway, was assessed in 1850
at $4,000, and in 1881 at go, 200. Mr..
Kyan thought to assess it like the rest of
the Northern Railway, which it now be-
longs to, at 5000, would be about right.
During those years the road paid nothing.
Inc California Pacific was assessed in
1872 at Sl7,777 II per mile. In 1880 it
was assessed at Sl6,0ll; in 1881, at SIC, 800;
Ia loSZ, at $4,000; in 1883, at SIG, 900 and
IN 1851, at Sl1,70 II. There has been no
change in mileage or rolling stock. He
would be willing to leave its valuation to
the Judgment of the board. 1t was of no
more value then than now, or now than
then.
In 1892 the assessment was changed on
testimony; 1t had been too high for five
years before that.
THE CENTRAL PACIFIC.
MIR. Ryan said he could see no reason
! why the Central Pacific should be con-
sldered of more value those years than
now. There was less rolling stock then.
There was an increase in rolling stock
IN 1889 and the mileage is more now.
THE OTHER ROADS.
The Sacramento and Placerville road
was assessed in 1880 at S11, lis and in 1881
at $1,000.
The San Pablo road deposited in the
Nevada Bank the money for the taxes OF
1880, subject to the order of the Attorney
General, and the courts dismissed the
suit for its collection. The road will be
reassessed for the years 1880 to 1884 in
elusive.
The Stockton and Copperopolis Road is
now part of the Southern Pacific, and
Mr.. Ryan thought it should be assessed
with it at the same rate. The taxes of
! ISS2 have been paid; those of 1850, 1881 and
1888 are delinquent.
The Naca Valley and Clear Lake Road
has no change except more mileage. The
taxes for 1880 and 1881 must be reassessed.
The South Pacific Coast Road taxes for
1887 are delinquent.
Mr.. Colgan asked Mr.. Ryan why he
thought the California Pacific Road
worth more than the Central Pacific or
Southern Pacific, and he answered be-
cause it earns pro rata on the freight
that the Central Pacific and the Northern
Railways carry. If used as an indepen-
dent line it would make a showing of less
than $4,000 per mile. 1t was very poor
property before it was taken by the
Southern Pacific Company.
to the board on certain points, and then
bade them good day.
THE PACIFIC COAST ROAD.
G. d. Johnson, who represents the Pa
cific Coast Railway, then addressed the
board.
Last year, he said, their assessment was
increased $4,000 and shortly afterward
fire in San Luis Obispo destroyed fifteen
or twenty cars, among them their three
best passenger coaches, their buildings
and other property. They had no relief
from the assessment on that account,
however, and their earnings were de-
creased for the year.
Their earnings for the past seven
months were only S., 200, and their yearly
interest was So, 900. They would have to
take up large amount of iron rails this
year and replace them. The farmers had
also asked for a reduction of rates
as their wheat was so low, and, as
most of them were renters, the COM
pany had TO accede or see them move
away. He hoped the board would take
these things into consideration in assess
ing the road.
After discussing different values in the
afternoon, the board took recess till this
morning.