The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1900-07-01
AFTER 3 DAYS SESSION
The Total Number of Miles of Railway
in North Carolina is 3,434
TOTAL INCREASE IN VALUATION 1926, 1924
A Call 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 Il call for the con-
dition of banks at the close of buSl-
ness on June 30.
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
stance there was a decrease of $685.
29S, and in the latter case the value
was placed at the same figures as last
year, $1,000,000.
The total number of miles of rail
way in the State is three thousand
four hundred and twenty-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 $235,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 $13,S64.000, which is an increase
of $55,1 The mileage of this road
is 955 miles.
The property of the Southern Rail-
way was valued at $15,447 $50, an in
crease of $176,S29 over the assess
ment last year. This company has
1.21S miles of road in this State.
The property of the Seaboard Air
Line Company was placed at $S,493 ,32I
which is a decrease of $34S.29S as COM
pared with the valuation of last year.
This decrease is due to Il 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 il $4,41S,S37 an increase
of $12O,000 These roads have a mil
cage of S31 miles.
The value of the Western Union
Telegraph Company property in this
State was fixed at $1,000,000, exactly
as in 1899.
The property of the Postal Tele
graph Company was fixed at $4,000.
The miscellaneous telegraph com
panies were assessed at valuation of
$3050.
The Bell Telephone Company was
assessed at S22,724.
The Interstate Telephone Company
was assessed at $9,240.
The miscellaneous telephone com
panies were assessed at $1,S036, max
ing total assessment for the telephone
companies of the State of $4,000.
The other transportation compan-
les of the State were assessed as fol-
lows:
Steamboat companies, S260,704.
The Pullman company, $150,S32.
Refrigerator companies, $260000.
The roads will be allowed a hearing
on Wednesday. July 18th.
New roads, taxed this year for the
first time. as as follows: Mt. Airy and
Eastern, miles; Longdale, Q miles;
Carolina and Northern. 0 miles: Lin
Vile River road, II miles; and the
Eastern Carolina road, s miles. Their
values are included in the miscellan-
eous roads.
The total valuation of the railroad,
steamboat, telegraph and telephone
property in the State this year, Sill
OO7 ,426. Total last year, 43,771,602.
Difference, $235,S24.