The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1899-09-16


within the last year. An affidavit in re-
gard to this was introduced:
C. b. Hart, of the Julius Lewis Hard
ware Company: in the past year there
has been an enormous rise in the price
of iron and steel and the products of the
same The following quotations are
given:
Pig iron, standard, Philadelphia
Per ton.
September, 1898, :. -. ......$ 1875
September. 1899, -. 49,. 80. 22.25
Lake Superior Charcoal, Chicago
September, 1898, -. ....$ 11.50
September, 1899, ;. -. ...... 1850
Steel billets, PittsBprg-
September, 1898, i. $500. IS 1900
September, 1899, $50. ........ $500
Steel rails, heavy, Eastern Mills
September. 1893, -. ...........S 1900
August, 1899, 49,. .... ....... 32.00
Old Steel rails, Chicago
September, 1893, -. -. 49,. Ito
September, 1899, -. 100
Old steel rails, Philadelphia
September, 1893, ). -. ......S 1850
September, 1919, =. $50. ......S 1870
Old car wheels, Chicago
September, 1893. -. -. ....S HOO
September, 1890, -. -. ..... 1850
Old car wheels, Philadelphia
September, 1898, =. 49,. ......$ 1880
September, 1890, ;. ..... 1900
James Redmond, a bank director and
large taxpayer in Newbern. Il know
many instances of farming lands around
Newbern assessed for tax above their
value. | was a member of the syndicate
II IL.
Hotel at Morehead. We paid $4,000
for il, though the property was valued
for taxation at $4,000. In 1897 it was
valued at $4,000, in 1898 for $4,000
and in 1890 for $4,000. This year it
was again sold for ST., $40.
The Simpson Lumber Company S
property, in the county of Craven, was
valued at $4,000. 1t sold for $4,000
recently.
III. w. Lilly, president of bank at
Fayetteville and owner of a cotton mill:
In this county land is assessed at more
than its value own much that | will
sell at two-thirds of its tax valuation"
J. J. Thackston, tax collector in Dur
ham county, specified large number of
farms and lots sold for less than their
tax valuation. Among them:
A farm of ~ acres, valued at $500,
sold for 1926.
A farm of 6S acres, valued at $40.
sold for $340.
Lot in Durham, valued at $4,000, sold
for 81, 765
Holman residence, valued at $3,325,
sold for $1,000.
A farm of LOOP acres, valued at &c.
600, sold for $500.
He said he could recall only two instan-
ces in which property in Durham had
recently sold for more than its tax
value.
DIR. 7. A. Allen, Henderson county:
Property valued as near as possible at
its true cash value"
r. 2. Thomas, Hartford county: 1.-TWO
farms sold since June for less than as
sessed valuation. Two others sold lit
tie above All four taken together sold
for 5000 than their total valuation"
III. S. Harrison, of Halifax, member of
the Legislature: THE Legislature did
not connive at any differentiation of in
diyidual property, and ] don't believe
any has been Intentionally made by the
| assessors. 1t was their purpose in this
county to arrive at the true value. Of
| ten they have valued it at more than 1t
would bring on the market. ] know
many property owners who would sell
out at their tax valuation and give long
credit"
| In Harnett and one or two other coun-
ties, the grand jury signed affdayits set
ting forth that no agreement had exist
ed among the assessors as to an under
valuation of farm property; that as a
rule fair cash value had been fixed on
! it, though often it was more than this,
or more than could be got for the land
at any kind of sale.
I Next to their 2S2 affidavits, the rail
roads place greatest confidence in the
value of Treasurer Worth's anti-bond
sale circular and the Auditors reports,
together with Governor Vance's and Gov
ernor Scales comments thereon, to which
reference was made in my despatch yes
| terday.
Captain Price, Of the Southern, intro.