The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1899-07-01
Ten Millions increase Over
Last Year.
COMPARATIVE STATEMENT
INCREASES GREATEST ON THE
BIG SYSTEMS.
SOUTHERN CATCHES IfFoR FIVE MILLION

Ielephons Lines Valued by tn. Com
mission for First Time. Ju'y
18Th for Hearing.
Ten amillion dollars increase in the val
nation OF railroad property in North Car
0lina-
That is the result of two weeks con
siderntion Of the matter of taxation by
the Corporation Commission
Which means an increase of about
100000 annually of taxes to be paid
by the railroads and other corporations.
If any of the roads or any other corpor
ations think the value placed on them
excessive. they will be given hearing
before the Commission on July 18th.
The exact increase i'm value of the rail
roads as fixed by the Commission is 80
996,53S. OF this increase the Southern
pays 1882, AT: the Atlantic Coast Line.
$4,233. 351, and the Seaboard Air Line.
$2,691 ,O52
The miscellaneous roads cut this down
by decrease of 81 .397 800 This is due
to the fact that the Cape Fear and
Yadkin Valley, hitherto classed as one of
the miscellaneous roads. is now a part
of two Of the great systems--the South
ern and the Atlantic Coast Line. TAX
ing this out in 1893. the assessment of
the miscellaneous roads this year shows
. an increase Of $667 ,SO1 over last year,
instead Of decrease.
Property of the telegraph companies in
the State is valued at m increase of
$200.3D over the valuation of 1893.
The value OF steamboat property is in
creased $14 1873, and Pullman car proper
ty shows an increase of $53,914.
For the first time the value of tele-
phone property is fixed by the Commits
sion. It is $33, 2296.
In addition to this. the Commission
will assess the value of the express COM
phny's property. The company has not
vet sent in its returns. Also all reffig-
orator cars and some telephone lines are
yet to be valued for taxation. These
will amount to several hundred thousand
dollars more.
This year, under the valuation fixed,
the total tax Estate, county, city and
town, will be $3.50, 600, as against about
100000 last year. This will give an in
crease Of about $4,000 in taxes.
Tie taxation Of this property this year
as compared with last year is as follows:
ATLANTIC COAST LINE.
Total valuation for 1899 :. $14,013.226
Last years assessment ;. :. 9,779.S75
Increase over last year. s. 4,233, 351
SOUTHERN RAILWAY SYSTEM.
Total valuation for 1899 y. SIS. 45S. 176
Last years assessment 49,. 1866, 100
Increase over last year ..S 1892, All
SEABOARD AIR LINE.
Total valuation for 1899 SIS 8,744,719
Last years assessment -. 6,0j3, 667
Increase over last year. .$ 1881 ,O52
MISCELLANEOUS ROADS.
Total valuation for 1899 IS 4,3O3,337
Last years assessment =. :. 5,7OO,659
Decrease from last year ....$ 1,397,322
Total valuation of railroad property
for 1899, $42,519,459
Total valuation of railroad property
for last year, $50, 522, 921.
Increase Of valuation for 1899 over the
valuation for 1893, $9,996,53S.
TELEGRAPH COMPANIES.
Western Union, for 1899 81 1,OOO.O
Last years valuation ...... 10000
Increase over last year ....$ 100000
Postal Tel. CO., for 1899. s. 100000
Last years valuation :. -. $4,000
Increase over last year IS $4,000
Miscellaneous companies ...$ 1905
Last years valuation $3.50. 1910
Decrease from last year. 6O5
OTHER COMPANIES.
Steamboat property. ....... 1907 ,S15
Last years valuation ). ;. -. 900, 437
Increase over last year. IS 14,31S
Pullman Cor Company $500. $50, S32
Last years valuation .......... 96,9lS
Increase over last year. $ 53,914
Telephone companies ....$ 33,29G
No valuation fixed last year by the
Commission.
Grand total Of railroads, tele-
graph lines. steamboats, and
telephone lines 1850. S44, liz, 3Os
Total Of 1898 valuation of rail-
roads, telegraph and steam
boat lines .....' -. ol,oAo'ooo
An increase over last years
valuation Of ........ .SlO,45f,44-
The increase is principally on the big
systems. some Of them being kited III
value from SIS, 200 to 5000 mile.
! For instance in the Coast Line grouI
the Wilmington and Weldon, the Peters
kar0 and the Wilson and Fayetteville
6ches jump from $4,000 to $25OOt
lie; while the Norfolk and Carolina
Tarboro branches go from $4,000 &
$2O,O
iSouthern group the Piedmont