The herald., 1893-07-28
CITY BOARD OF EQUALIZATION,
A Number of Petitions to Be
Heard Today.
The Proceedings at Yesterdays
Session of the Council.
jose Msscarel, Solomon Lazard, K. r..
@. Klokke, II. L. Pfnney and
Samuel Hellman Appear
Before the Board.

y
the city hall. Councilman Nickel oc-
cupied the chair and all the other mem
bers were present with the exception of
Mr.. Teed.
Yesterday the hearing Of parties cited
to appear before the board and explain
why their assessment should not be
raised was commenced.
jose Mascarel appeared and was
sworn. E. A. De Camp was also sworn
as his Interpreter.
He was asked why his assessment on
money and solvent credits should not be
raised from nothing to $4,000. After
considerable skirmishing the board
found that he was the owner Of note
for O,000 against the estate OF the late
z. Beaudry, in addition to several other
ones aggregating $4,000. 1t also came
out that he had over $4,000 invested in
mortgages in France.
Solomon Lazard swore he was not in
possession of any money, notes or &C.
counts, in response as to why his assess
ment shall not be raised to $4,000.
Il. F. G. Klokke swore that he had
5000 in bank and $500 in notes, and OBJ.
jected to being assessed as high as
$4,000.
s. S. Chaffee and g. H Libbey were
not present.
FL. L. Pinney answered as to why he
should not be raised $50. COO.
Samuel Hellman appeared with his
attorney to show why his assessment,
should not be raised to $4,000.
aosA that a1kbnroh J., a
had $4,000 in bank before the 1st OF
March, he had changed it into Unissd
States treasury notes, and he had done
this by the advice OF q bank officer In
order to avoid taxation.
When asked if ii was special deposi;
or bank account, he said it was a
bank account, bat that the treasury
notes were there. The board then said
that taxation could not be avoided, be-
cause a bank account was solvent
credit. Mr.. Hellman's attorney then
arose and said that Mr.. Hellman has
been mistaken, and he was liable to as
sessment on this $4,000, with which he
had not been listed.
Mr.. Hellman was then asked what
amount of notes he held on March 1st,
uncovered by mortgages. He said
about $31, 200. OF this amount his son,
Morris Hellman, owed him $25, 900 and
his three daughters $4,000 additional.
Tho board ordered that he be cited to
show cause why he should not be as
sessed up to $25, 900.
All action in the matter was deferred
until August 9th, during which time
they will be considered by the board.
The following petitions, asking for a
reduction or equalization OF assessment,
were presented and set for hearing to-
day: Nos. to 4, at 10 o'clock a. M, and
Nos. 8 to IL at 2 O'Clock p. M, and the
clerk instructed to notify petitioners in
the manner provided by law.
From the Bank of America asking
that its assessment for money on hand
be reduced from $50, 900 to $7S7.
!, From. the Security Savings Bank and
Trust company asking that the assess
rnent 70 them ON account of premium on
sS5, 300 United States bonds, $4400, be
stricken from the rolls.
From che Los Angeles Savings bank
asking that the following items assessed
to them be stricken from the rolls, to-
wit: Solvent credits, being due from the
Nevada bank, San Francisco, $4,000
solvent credits. being money loaned on
note with first mortgage bonds of South
ern Pacific company as collateral se-
curity. $135, 900; premium on 1924, ,OOO
United States bonds, $22, 900.
From the Farmers and Merchants
bank, asking that the following items
be stricken from their assessment, to-
wit: Treasurer's certificates issued by
sub-treasury, San Francisco, $50, 900
bonds, $76 .260; solvent credits, $38, $50
premium on SOL, $50 of United States,
$978O.
From Mrs. Paul Schilling. asking that
the assessed value OF Improvements on
lot Al, block G. of the Koehler & Froeh-
ling tract be reduced from $500 to
$1,000. III
From @. H. Libby, asking that the as
seeeed value of Improvements on lot IL,
block 8, Angeleho Heights, be reduced
from $4,000 to $4,000.
From G. B. Alexander, asking that
the description of the property assessed
to him as the east 1901 feet of lot s,
block IS, o. S., be changed and corrected
to read, the east 159 feet of lot 5, block
13, o. S., with south 20 feet extending
west to alley and the west 6 feet OF the
north "a and easement from the east 6
l6cb VI WObt O%H iOOb "a AOA uh LII dC
cordance with the decree of the supreme
court in case 13,4l3.
From NJ. Petzoldt asking that the as
sessed value of lot block OF the Fair
mount tract be reduced from 5000 to
$500, and the value of the improvements
thereon from $1,000 to $3.50.
From G. Ganahl asking that the i'm
provements on lot of Ganahl & Spitzler
tract be reduced from $500 to $4,000.
and that the value of the improvements
on lot 8 OF the same tract be reduced
from $4,000 to $4,000.
From ]. P. Widney asking that the
assessed value OF improvements on lot 1,
block IA, Ord's survey, be reduced from
$4,000 to $500, and the assessed value
OF improvements on lots IA and Is of the
v. Dol tract be reduced from $1,000 to
5000.
From J. D. Bethune, asking that the
assessed improvement on lot 6, block 4
OF the Cameron tract, be reduced from
$4,000 to $1,000.
From the Pacific Railway company
asking that the assessed value of the fol-
lowing items in their assessment be re.
4 L