The Anaconda standard. [volume] (Anaconda, Mont.) 1889-1970, 1898-01-09

plish this access must be had to the
trial balance, inventory, etc, OF the es-
adjustment under consideration ne
board says that in many counties a
large increase can he shown IN the val
uation BIZ strict compliance with the
law in the matter of assessment and
valuation of merchandise and credits.
In regard to bank assessments the
instructions read
In assessing national and state
banks the real estate owned by Inc
bank is all YOU can under the law as
sess to the corporation. The stock IS
assessed to the individual owner
whether such owner is resident oI the
county or state or not. 10 ana you "
determining the value Of such stock
you are authorized - procure from the
managing officer of sucn bank the
names of the stockholders, the amount
Of stock owned by each stockholder, the
fully paid capital, the reserve ana sur
plus, less expense and assessed value
OF real estate The difference repre-
sents the assets which You must assess
at fun cash value Full cash value IS
the only deduction allowed by law 70
state or national banks or to the indl-
vidual citizen on other property Or olh-
er moneyed capital in the hands OF m
divfdual citizens of the state. The re-
puted deductions Of 33 Ia or amy other
definite per cent in all cases from the
assets is against the letter and spirit
of the law and should be discontinued.
THE attention of assessors Is pafu-
cularly called to the plain provisions
of Section $685. Of the Political Code, re-
lating to the assessment ana valuation
of private bankers and banks. BE sure
to first get a verified statement Of the
condition of the firms on the first day
of March. as provided in said section.
If the banker or firm fan or refuse
to furnish the statement as required
by said Section 3695. then make the as
Sessmeut of each of the numbered SUD
/ divisions of said section from the best
/ knowledge obtainable as provided by
! Section 1905 Of the revenue law. care
| should be taken that tine capital ana
| reserve or surplus and undivided prof.
! its are included in the statement.
The board emphasizes the necessity OF
| paying particular attention To the as
/ sessment of franchises. fema1kins mat
these are rights granted either by the
1 state. county or municipality to corpo-
/ rations or persons, and many OF them
are extremely valuable. The right 70
| run a street railroad, to conduct ferry,
/ TO collect toll, to maintain and operate
a telegraph or telephone lines, to lay
| down pipes for water or gas. ana, IN
/ fine. TO incorporate for the purpose OF
4 conducting Il public On quas.- puhlc
| business. is franchise. II Is the merest
! trining To assess merely the pipes OF a
! gas or water company, or the poles ana
/ instruments of a telegraph or telephone
company. and not to take into consid-
Grafton their value as agents IN the pro-
duetion of profit
Attention is called to the fact that
bank deposits are subject to taxation
and all forms of money, regardless ol
the prevailing notion that greenbacks
treasury notes, etc. are exempt when
in fact, such exemption was repealed
by congress several years ago.
The advice in regard to assessing cat
tie Is the most important IN The lettei
and is liable To stir UP some opposition
in the cattle sections The boards I'M
etructions in this respect are:
I'm the matter Of assessment ant
valuation of cattle, follow the Classih
cation in the assessment list so far "a
possible. If the owner is unable TO fur
nish such a list, or refuses to furnist
you with the number of calves branded
number Of beef cattle shipped the las
season, on other information tending L
inform you as 10 the number, kind AM
character of the herd, then assess In
same from the best uhtaindble informa
tion as provided in section 3to5, pulttica
code, The difference between the mum
Der Of cattle returned for taxation am
the number in the state IS too great
The total number returned for assess
ment should be assessed like other prop
erty at their fun cash value. The in
structiun with reference To cattle apple
also to sheep and horses. Assessor
should eudeaYor Ia have nearly uni
form valuation upon live stock am
should arrive at this valuation hy cor
respondenCc with other assessors, al
ways bearing in mind that all prapert
should be assessed at full cash value.