The herald., 1894-07-31
WANTS A LOWER ASSESSMENT
The Southern California Rail-
way Requests This.
Rumor That the Nevada Southern
Will Soon Be Completed.
Capt. j. X. do Ia Mar, n Frominent
Denver Capitalist, Said to Have
Bought in with Mr.. Blake.
Local Railroad NGtes.

The Southern California R ailway com
pany, through Godfrey He lterhoff, jr.
treasurer and assistant Sc eretary, ap-
peared before the state board OF equali
zstion yesterday, Gays the iSacramentt
Daily Union of recent date, in relation
to the assessment for the. pr esent year
He stated that the figures OF the roads
business for 1898 chow decrease OF 81
per cent in the net surplus. The earn
ings for the first ak months in the yeai
Of road are generally 20 per ce nt greater
than the last six. This year the first
nix months show q decrease of $l29,-
8l9.4l, or about 10 per cent. Although
there was slight increase in gross re-
osipss, owing to the worlds fair business.
there was really loss on that business,
through earring exhibits free. which
will beneit the state at large through
making its resources known although
1t was an actual loss to the road. Nor
were the low passenger rates remuners-
tive.
There was general decrease in the
earnings of the carrying business of the
road in 1898. 1t appeared from the fig
ures that there wss deficit Ia opera
tions for the last six months OF 1884,
2l2.U4, or 18l per c INT, and for the year
1894 . net deficiency OF 1856, 326. 20,
against a surplus OF s137. .S6l. l6 in 1892
and SOL ,725 26 in 1898. or decrease OF
$50 per cent in net revenue for 1894 over
1898 alone.
The Santa Fe road practically owns
and controls the road, which was reor-
ganized in 1889. AS the result of this
reorganization and the financial arrange
msnts attendant on it, there is def
ciency of $l37, 1923. The road cannot be
considered as ever being an Garner Of
money for the stockholders absorbed in
construction.
1t runs from Los Angeles to San Diego,
having branch running from the coast
near Oceanside. by way OF San Bernar-
dino to Barstow, on the Atlantic and
Pacific railroad, having total mileage
Of 400. SO, which includes about 80 miles
which was washed out in 1884. and has
never been rebuff or operated. 1t was
assessed last year at $60l2 per mile for
the total mileage.
There is q 10.mile branch from Ingle-
wood which is operated vt an annual
loss Of 10 per cent. The readjustment of
assessment values in Los Angeles county,
which have been made in the past three
years, he thought his road should have
the benefit of, as well as other property
in the county.
Mr.. Holterhoff asked that the board
take into consideration the fact that the
assessment on the road had not been de.
creased when that on other property in
the same county was decreased, and the
assessment on it had also been increased
when that ON other property WAS de-
creased. The boom was over in Los An
gcles county and property was not wortl
what it was in boom times.
THE NEVADA SOUTHERN.
The Needles Eye says that the Dsnve
Republican is auth ority for the state
ment that Capt. ]. r. de Ia Mar O
Denver has joined hands with Mr.. /. E
Blake in the Nevada Southern enterprise
and that the construction of that Lint
will shortly be vigorously prosecuted. Il
is said that connection will be made al
Milford, Utah, with the Utah Central
. feeder of the Union Pacific, and al
Marysville with the Denver and Rit
Grande Western, giving the new rose
three trunk line connections. Tb,
reason given for this investment is tha
Capt. de Ia Mar hss just bought tn,
Monitor and Jim Grow mines nea
Phoebe, New, and the railroad will Civ,
him an outlet for the ore, which he ex-
pect1 to be taking out Of these two prop
critics by next February. These mines
are 30 miles south of Phoebe and with al
ex expenditure of $50. 900 Ne expects the,
will yisld $500, 900 month.
JUDsoN EXCURSION.
Tho regular weekly party of this com,
pany bound for the east left yesterday
The following com posed the carload
A. Pope, Miss E. A. Petfeld, Mrs
Towns and two daughters, Mrs. Good
enough. Mrs. SannClers, Mr.. and Mrs
Mobiles and family ana Mr.. Boone an
family, nearly all bound for points eas
OF the Mississippi river.
PERSONAL.
8. B. Hynes, general freight agent {
the Southern California railroad, wen
to San Francisco last Saturday.