The farmer and mechanic. [volume] (Raleigh, N.C.) 18??-19??, 1900-07-03
AFTER 3 DAYS. SESSION
The Total Number of Miles of Railway
in North Carolina is 3,434.
TOTAL INCREASE IN VALUATION S235, 824
A Gail is Made for Condition of Banks at Close
Of Business on June 81. A Hearing
Will be Given the Railroads on
July 18Th.

The Corporation Commission which
has been busily engaged for several
days in the matter Of assessing the
value of the railway, telephone, steam
boat and telegraph property Of the
State, gave out the result of their
work yesterday.
They also made a call for the con-
dltlon of banks at the close of bust
ness on June &c.
The assessments show an increase
in the value of the property of each
company except that of the SeabOard
Air Line and the Western Union Tele-
graph Company. In the former in
stanc there was a decrease of S34S.-
29S, and in the latter case the value
was placed at the same figures as last
year, 81 900, 900.
The total number of miles of rail
way in the State is three thousand
four hundred and t~wenty-four.
The number of miles of railway tax
ed for the first time this year is forty
eight.
The total increase in the valuation
of the combined railway, steamboat,
telegraph and telephone property of
the State for this year is S235,S24.
The commission assessed for taxa
ton the value of the property of the
Seaboard Air Line. the Atlantic Coast
Line and the Southern Railway at
practically the same as for the year
1899, the only difference being in the
value of the rolling stock and depot
property.
The valuation of the property of the
Atlantic Coast Line Railroad was fix
ed at S13, 1854 900, which is an increase
Of $55.1O4. The mileage of this road
is 955 miles.
The property Of the Southern Rail
way was valued at $15.447. 6S2, an in
crease of $176,S29 over the assess
ment last year. This company has
1918 miles of road in this State.
The property of the Seaboard Air
Line Company was placed at $S,493,32
1 which is a decrease of S34S.29S as com
pared with the valuation of last year
This decrease is due to 4 decrease in
the value of the rolling stock and de.
pot property as given in by this road
Their mileage is $40 miles.
The assessed value of the miscel
laneous roads is S4,41S,S37, an increasf
of 100000. These roads have a mil
cage of S31 miles.
The value of the Western Unior
Telegraph Company property in this
State was fixed at 81, 900, 900, exactly
as III 1879.
The property Of the Postal Tele
graph Company was fixed at $4,000.
The miscellaneous telegraph com
DanieS were assessed at Il valuation o
$1,000.
The Bell Telephone Company wa:
assessed at S22.724
The Interstate Telephone Company
was assessed at $9,240.
The miscellaneous telephone com
panieS were assessed at $1.S,O36, max
ing total assessment for the telephon'
companies Of the State of $4,000.
The other transpOrtatiCn cOmpan
les of the State were assessed as fol
lows:
Steamboat companies. $26O.7O4.
The Pullman company, $15O.S32.
Refrigerator companies. S26O,O0O.
The roads will be allowed a hearln:
on Wednesday,. July 18th.
New roads, taxed this year for tn
first time. as as foliows: Mt. Airy ant
Eastern, ) miles; Longdalc, 9 miles
Carolina and Northern, 9 miles: LIN
Vile River road. u miles: and tn
Eastern Carolina road, s miles. Thei
values are included in the mlscellan
eOuS roads
The total valuation of the railroad
steamboat, telegraph and telephon
property in the State this year. S44
OO7,426. Total last year, 1871 ,6Os
DiffnraDco GO21 So1