New-York tribune., 1900-03-28

~ vrw-YoRK CITY CORPORATIONS
on THE RACK
s-s REPRESENTING a7.as.c" PRO
AGAINST AssEssMENTs-How
THE BIG COMPANIES WILL FARE.

.n One ot the significant facts
Ai's-- - a. to-days session of the state Tax
H.-s,,n vas that the highest assessor Naiua
surface railroad IS SeooGS per mie' on
M h- -o,s- rslanG and Brooklyn Railroad Connpah!'
=. ne lowest is 1SGJ9 per ifiie Oh '''e '0'e A'
''', r,e.--,c Railway Company
80 MO consideration the fact that the iran
So re Borough Of Manhattan are Of much
.r-,e than those heard to-day. which are
-, ~ tbe smaller and less thickiy populated
SIS q fs safe 70 assume that S-a""" per mile
,ovrest valuation that will be placed upon
: .-s-chise which permits the use Oh 'He s'iee's
...s- Manhattan or Brooklyn
2 - -so, Of street privileges in the Borough
n -F-e.+-s- is indicated by the valuation given
consolidated Telegraph and Electrical Sub
- go, entirely beneath the surface. which
nlacel at S'a'o -,
- .,,e assessment Of s20o,0e9 per mile upon
44l.--- ~ island and Brooklyn Railroad as the
= - 1ssis OF assessment upon traction com
l'l--- a-s+e5 by mechanical power. this would
3-s .,ble Of lowest valuations upon the more
- of the New-York traction lines
ls.-eool'tan 55S 600
larLzI.s1 ----'---- 53S. 90
l-.a se5s5 Street -----------.---....- $1,000 @
,----5~n Rapid Transit. .--- ----- o.
-. e,~-es are on the basis Of 5sI2 miles OF
= --esi,ed 70 Metropolitan. 29l9 miles TO Man
- . es niles 70 Third Avenue. 124 TO Forty
- street and 225 miles 70 Brooklyn Rapid
'raast ,
,.sss ~ The same figures is added the value Of
:. c-erlv structure CT the elevated systems the
'-,ss for Manhattan Elevated and Brooklyn
s.-s5 Transit which owns the elevated lines in
1-ook.ru. viii undoubtedly be greatly increased.
= ne Manhattan viii also doubtless be added
-s-eentaFe Of value intended TO take into con-
Iteration its Immense earnings
The assessed vaigation on the Coney Island and
rooklyr road Of 10000 II is shown is just about
bs value O. the cost OF the road and equipment.
The hiEhest assessed valuation announced to-day
r borseear lines vas in the case Of the City Island
lagroad Company which was al the rate Of 5000
nile Al this ra-e the Metropolitan. in addition
o the valuation given, would have 10 pay tax upon
1850
MINOR COMPANIES HEARD.
Interests representing an aggregate assessed valu-
r;ou of 81 26Sis or local franchises IN New-York
Ny as levied By TIE State Tax Commission. en-
Dyed q hearing by that body to-day TO protest
zainsr the assessments
These were the minor corporations, but the valu
mons fxed give some Indication OF the basis Of
ssessment and The amounts probably assessed
lga.nsr the larger corporations such as the Brook
" Rapid Transit the Metropolitan and Third Ave
TIE lines the Manhattan line. the Consolidated Gas
company and the other larger corporations possess
ng public franchises. This SI7.95 -3ls assessment
e2resents only twenty-four Of the smaller
orations while the number OF franchises assessed
caches over two hundred Taking this as a basis
assessment the aggregate OF valuations fixed
nust necessarily BE- enormous. and the prospective
eveuue under the New-York City tax rate Of . %
nils amounting il is believed 70 over s. 600 000 viii
&c far toward paying the expenses OF city govern
henI
The corporations heard to-day, with the vaIua-
ions placed upon their franchises were as.folIows.
EtT Island Railroad Company .--....-...-.. $4,000
'slhzr Rail-oz5 Company y--.....-....... OOa
s1ney Brooklyn Raii-oar Co-7oa-z 200 900
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