The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1897-08-12
1T GAVE BIG INCREASES
STATE TAX BOARD DEALS WITH THE
STREET-CAR AND GAS COMPANIES.
Assessment of the Former Raised ST.
100000 and of the Latter S45O,OOO
Other Decisions Announced.

The State Tax Board was in executive
session nearly all day yesterday and de-
termined ill the appeals from the county
boards ot review laid before it except the
Indiana Manufacturing Company case and
the Morrison case, from Richmond, which
will be tried to-day.
The decisions of most Importance were
those. IN the cases of the Citizens Street
railroad Company and the indianapolis Gas
Company, both from this county. The Ma
rion county board had assessed the Citi-
zens' Company at 1900 900, and from this
figure f. j. Van Vorhis and S. M. Shepard
as taxpayers, appealed. The case was ar
gued most of the day on Aug. 4, Van Vor-
his and Shepard arguing for the higher as
sessment and Mr. Winter appearing for
the company. The market value of the to-
tai securities of the company was shown
to be in the neighborhood of $3S5O,O0O, and
it was upon this showing that the board
raised the assessment to $3000,O00.
The Gas Company was assessed by the
Marion county board at 81, 050,O00. The same
gentlemen appealed this case and argued
it, Mr.. Winter again appearing for the
company. In this case the market value of
the securities was more difficult to get at,
for there had been no sales. However, the
board got what it believed to be fair
NdludllOn Oh the WNOle property, ana, dIler
deducting the realty and the assessment
on that part of the plant in other counties,
fixed the Marion county assessment at ST.
100000, an increase of 100000 In both cases
the decision of the board was unanimous.
The full list of decisions is as follows
Indiana Pipe Line and Refining Company.
of Pulaski county; Assessment by Pulaski
county board, $36, 440 reduced to $1,000
First National Bank of Frankfort zap
peal from Clinton county,: Assessment by
county, 1920 coo; reduced TO $2O5, 600.
Farmers Bank: Assessment by Clinton
county board, $4,000; reduced to $102 90.
Citizens State Bank of Noblesville: AS
sessment by Hamilton county board, $42,-
0l0; reduced to $2S,500
Richmond Natural Gas Company: Assess
ment by Wayne county board, $500 in
creased to $4,000
Richmond City Water Works Company:
Assessment by Wayne county board, $780,
600; increased to $200, coo
Consolidated Stone Company: Assessment
by Monroe county board. $2S,OJO; reduced to
Knickerbocker Ice Company. Armour Ice
Company and Anderson Freeman Ice Com
pany: No change in the assessment by
Lake county board, at the rate of 80 cents
per ton.
Thomas II. Groves: Assessment by Tippe-
canoe county board, $4,000; no change.
John Waldron: Assessment by Monroe
county board $37. 400 reduced to SO, S53l4
Citizens Street-railroad Company: As
sessment by Marion county board, $780, 90;
increased to $1,000 900.
indianapolis Gas Company: Assessment
by Marion county board, $l,050,00O; in
creased to ST, 500 900.
John Is. La Plant: Assessment by Knox
county board $4,000 reduced to $4,000.
II. c. Underwood Company: Assessment
by Wabash county board, $4,000 reduced
to $4,000.
In the matter of the appeal of NJ. NJ. La
cey, in reference to the assessment Of John
Jackson. of Cambridge City: The prayer of
the petition is denied.
In the matter of the appeal of John Glass
cock. of Greenfield, who sold some hogs on
April l and delivered them on that day and
received q check. which he did not cash I'M
til the next day: Held that the check was
not cash, but simply a credit from which
he could deduct indebtedness
Jerome Black: Assessment Hancock coun-
ty board SIS 900: reduced to $4,000.
Frankfort Water Works Company: As
sessment by Clinton county board, $4,000;
reduced 10 $50 600.
The Trail Memorial College and Sana-
forum appeal was sustained and the prop
erty ordered not assessed, on the ground
that it is an educational institution.
In the matter Of the assessment of GER
tain mortgages held by the Continental
Fraternal Union. of Richmond Held that
it could not be exempted.
Before going into executive session the
board listened TO appeal from D. NJ
RansdeIl, secretary of the American Plate
OF the plant at New Albany. The plant had
been abandoned. all that was valuable being
removed to Alexandra, but the New Albany
property had been assessed at S9l, 900. The
real estate could not be reduced, but he
asked that TIE personality be reduced sTC m
S44 600 to $4,000. He presented a letter from
the Floyd county board asking for instruc-
tons. The appeal was taken under advise
ment.