The Mankato free press. [volume] (Mankato, Blue Earth County, Minn.) 1879-1924, 1896-07-24
A SHAKING UP.
BOARD Uf EQUALIZATION FIN
ISLES ITS WORK.
The Taxable Valuation of the City Is
$3,5I,O35, an Increase of $235,7I5
Mortgages in Adjoining Counties
to the Amount of $4,000 Added--
Real Estate Assessments are Equal
lied, and Raised $I54,6I2.

The council Monday night COM
pleted it's work as board of
equalization, after holding night
ly sessions for several weeks.
During this time, it has carefully gone
over the entire city and equalized the
valuations and listed some property,
real and personal, which has not been
made, but in the main raises were eff
fected where changes were made. A
large number of changes were made
in the real estate valuations, the net
increase being S154,6l2. The next
raise in the personal property assess
ments was SSl, JOB. The total taxable
valuation of the city is 1851, 035, an
increase of $685. The assessed
valuation of real estate is So, 6S4, 621,
and of personal property SS27,4l4.
One large item of increase in per-
sonal property is about $50, 900 of mort
cages held by residents of Mankato
and recorded in adjacent counties.
Deputy Assessor Brown visited the
county seats of Waseca, Nicollet, Mar
tin and LIE Sueur counties and took
lists of these mortgages. Over S25,
900 in mortgages were held by one
man. These will be taxed for the
frs, time, and this will reduce the
rate of interest received by about
three per cent.
The exempt property in the city has
not yet been put on the list, and will
not be until after the books are re-
turned by the state board of equaliza-
Uion, when about $1,000, 900 Of untaX-
able property will be added, the OBJ
ject being professedly to make bet
ter showing for the city. If the cOun-
Gil expects to be able to issue more
bonds in this way, it will be mistaken,
as one of our leading attorneys says
that it would not hold for minute in
court.
The following are the changes made
in the personal property schedule, not
including the mortgages added, nor
amounts under S100:
Bennett & Hertzog, goods and
merchandise, reduced 5000.
Geo. E. Brett, same, increased 49,
900.
Creamery Pkg. Co., sundries, in
creased $500.
J. W. Fowler, household goods,
raised S115.
Henry Fricke, goods and merchan-
disc, raised 81 900.
G. Gerlich, household goods, raised
800.
Gerlach & Barnett, goods and
mdse., raised 800.
r. D. Hubbard, household goods,
raised 800.
Louis Janda, goods and mdse,
raised $500.
Geo. J. Klein, household goods,
raised 800.
]. G. Roller, goods and mdse., re-
duced $780,
Fred Kron, goods and mdse, raised
$4,000.
Lamm & Merchant. office furniture,
$500, stock $500, and 5000 on sundries,
raised.
John Leas, furniture, raised $3.50,
stock added $500.
j. A. Lewis & Son, stock reduced
$500.
G.. A. Lulsdorf & Son, stock in
creased $500.
Mankato Cracker and Candy Co !,
sundries added $1,000
Mankato Safe Deposit Co., sundries
raised ST 1000
Mankato Steam Boiler Works, stock
raised 5000, mfg. articles raised s1OO.
August Malchow, stock raised $3.50.
Martin & Hoerr, sundries raised
800.
Joseph May estate, sundries raised
$1,000.
G. j. Macbeth, sundries raised s1OO.
Mcconnell & Cummins, stock raised
$4,000.
Mrs. ]. B. Meyers. stock raised $780,
j. H. Michels, household furniture,
raised $780,
Ole Nicholson, stock raised $500.
John Miller, cattle added S100
Nyquist &Iverson, stock raised $500.
W. w. Paddock, household furni-
ture raised 800.
Harry Paddock, sundries added 800.
H. A. Patterson, household furni-
ture raised 800.
E. NJ. Pope, household goods raised
500.