The San Francisco call., 1897-07-29
A Big COMPAN VS. PLEA.
Says It's Franchise Should Be
Considered With the Roll
ing Stock.
Supervisors Asked to Reduce the
Assessed Valuation by a Mil
lion Dollars.

The Board of Equalization, presided
over by Mayor PEelan, held long session
Yesterday afternoon listening to the appli-
cation of the Market-street Railway Com
pany to have its assessment red uced by
ST. 100000.
Assessor Siebe fixed the property for the
corporation at s., 882, 155, divided as fol-
lows:
Real estate and plant 81, 1853, 700, street
railroad system 81, 1873, 285, personal prop
erty $50, no. franchise 81, 100000.
The company was represented by E.
Black Ryan, tax agent; J. +. Foulds, at
torney Tor the corporation, and Henry II.
Lynch, superintendent of construction.
They stated that the franchise was part
and parcel of the property of the cora pany
and should be considered in connection
with the rolling stock, tracks, etc. Thew
asked the board to consider the good the
system had done the City in building up
outside districts and to at least reduce the
assessed value of the franchise, if it was
to be considered outside of the road itself,
| to 81 800 0OO
Mayor Phean remarked that he thought
tho fran chise shoJld be assessed at
| 81, SOC, 900 rather than s., 100000.
An effort was made 10 ascertain the in
come and profits of the system, but the
representatives were not able to give the
figures.
The railroad represen tatives stated that
the old system had been bonded for
OF So, 600. 600 and argued that these figures
should not be considered. Simply the
cash value of the tangible assets.
Assessor Siebe stated tnat he thought
the bonds and stocks S ould be assessed
TO the holders and not to the company.
The board took the matter under consid-
Grafton.
The following applications for reduc-
tions in assessments were denied:
Emma j. Lowell, Sanchez street; Jane Duff.
Fifteenth street and Julian avenue Fair Oak s
and Twenly-fourth; John O'Byrne, Fair Oaks
and Twenty-fourth; Elizabeth Wundorf How
ard, near Eighteenth; Antonio Chichizola,
Dupont and Jackson, Jackson and Stockton,
Jackson and Stout alley, Washington and Stout
alley; Mrs August Belief, Lombard, near
Dupont; Amelia Conn, Laguna, near Ellis :;
Celia Caro-, Post and Webster; Bridget Flani-
gan, Clementina, near Ninth; Catheri1 e
Denike, Broadway, near Leavenworth; Mary
Tillman, Valencia, near Twenty fourth; Mary
j. Draper, Natoma, near Eleventh; Catherine
Brannan, Clay, near Baker; Letta Baretta,
Locust near jackson; Mary Linehan Mateo
and Ailing;on; Richard NJ. Barry Church.
near Twenty y-frst; p. L. hammers, Waller and
Clay ton; Bridget Owens, Lyon, San Jose Pine
and Post; Associated Stock brokers, Pine and
Sansome.
Assessments on real estate improve
ments were ordered reduced as follows:
Antonia Chichizola, Jackson and Stockton.
from $11 900 to $4,000: Mrs. NJ Belief. Lom.
bard and Dupont from $3.50 to $1,000: Mary
Lnehan. Mateo and Arlington, from $4,000 to
$3.50; Annie Hoadlev, Bush and Lyon. from
$1,000 to 1860; P & G. Young, Waller, near
Laguna, $500 TO $500; R. and Mary Drap
Natoma and Eleventh, from 800 to $500: i:
Mrs. Montague, OFarrell. near HYDE, from
$4,000 to $500: A. Baretta, Clay, near Polk.
from $7400 to $7100; @. H. Runde Colling-
/ wood and Eighteenth, ass sass ment Cancelled:
WilliPm Sykes, A ALBANIA, rear Twentv-first
from $3.50 to $500; Maggie Farrell, Alabama,
near Twenty-first and Twenty-third, $1,000 to
$1650 Thomas Powers, Fair Oaks near Twen-
tv-second, $1,000 to $500; Thomas Bell estate.
Chestnut, near Kearny, from $1OSO TO $500
W.S. Keyes asked that the assessment on
property on the corner OF Broadway and
Davis be reduced from $35 900 10 $40. 600
on the ground that the property cost $32.-
900 several years ago, and that since then
it has deprecated both in sale value and
as a renting proposition. The application
was denied.
Mini.fer Damon at Lndersom