The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1900-10-04
TAX ON RAILROADS
A Comparative Statement
That's Interesting.
Figures Showing That the Corporation Com
mission Made no Mistake in Its Tax

To those honestly investigating the
question of the taxation of railroad prop
erty in North Carolina, now being inves-
tigated in the Federal court. the following
comparative figures taken from answers
filed by the Corporation Commission in
the Simonton injunction cases, will prove
both interesting and valuable.
These answers were filed in the Federal
court here last Saturday.
RALEIGH AND CASTOR.
Extracts from the answer in case
Of Raleigh and CASTOR Railroad Com
pany. against the North Carolina Cor
poration Commission:
THAT the annual net income OF the COM
plainant has been for many years grad
ually increasing. That according to the
complainant's annual reports, filed with
the Railroad Commission and the North
Carolina Corporation Commission for the
last decade. the net annual income, with
out deducting taxes of the complainant,
has been as follows:
For year ending June 80, 1894. .$106, 5S7.5 50
For year ending June &c. 1885,. 1874 1854
For year ending June 3d. 1885,. 224,621.S SO
For year ending June 80 1897. 220,024.40
For year ending June 80. 1885,. 4.037.6A
For year ending June 80. 1885,. 99,457. As
THAT the steady and rapid increase
shown by these comparisons affords q
strong justification of the action OF the
defendant Corporation Commission in the
premises and demonstrates that the COM
plainant's property is still assessed at far
below its true value"
SEABOARD AND ROANOKE.
Extracts from the answer in case
of Seaboard and Roanoke against the
North Carolina Corporation Commits
sion:
THAT the annual net income of the
complainant has been for many years
gradually increasing. That according to
the complainants annual reports, filed
with the Railroad Commission and the
North Carolina Corporation Commission
for the last decade, the net annual income,
without deducting taxes of the complain
ant. has been as follows:
For year ending June 80, 1894. $1S7, 73S. IS
For year ending June 80 1885,. 252, $50. 06
For year ending June So 1885,. 296,931.0S
For year ending June go 1897. 81, 055.5
For year ending June 80, 1885,. $50, 494.97
For year ending June So 1892. 324,322.75
THAT the steady and rapid increase
shown by these comparisons affords .
strong Justification Of the action Of the
defendant Corporation Commission in the
premises and demonstrates that the COM
plainant's property is still assessed at far
below rs true value"
RALEIGH AND AUGUSTA.
Extract from the answer IN case
of Raleigh and Augusta Air Line
against the North Carolina Corpora
ton Commission:
"That the annual net income of the
complainant has been for many years
gradually increasing. That according to
the compliments annual reports, filed
with the Railroad Commission and the
North Carolina Corporation Commission
for the last decade. the net annual in
come, without deducting taxes of the COM
plainant, has been as follows:
For year ending June 80, 1894. s 30, .Oo
For year ending June 80, 1885,. 1O6,9IO.61
For year ending June 80, 1885,. 1866 30
For year ending June 80, 1897. 99,356.Ss
For year ending June 3O,1S9S.. 7o,627. II
For year ending June 80, 1S99.. 147,2So.Sz
'That the steady and rapid increase
shown by these comparisons affords q
strong justification of the action OF the de-
PENDANT Corporation Commission IN the
premises and demonstrates that the COM
plainant's property is still assessed 4!
far below its true value
THE CAROLINA CENTRAL.
Extract from the answer in case oil
Carolina Central Railway Company
against the North Carolina Corpora
ton Commissions:
'oThat the annual net income of the