The farmer and mechanic. [volume] (Raleigh, N.C.) 18??-19??, 1900-10-09

A Comparative Statement
That's Interesting.
figures Showing That The COOPERATION COR
mission Made no Mistake in lis TX
Assessment.

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 ~
fled b. the CORPORATION Commission L
the simontoa injunction cases. VIII prove
both interesting and valuable.
These answers we're fled il the Federal
court here last Saturday.
RALEIGH AND CASTOR.
Extracts from the answer in ease
Of Raleigh and CASTOR Railroad Com
pany. against the North Carolina Cor
poration Commission:
That the annual net income Of the COM
claimant has been for many years grad
ually increasing. That according To the
complainant's annual reports, fled witn
tie 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 rs follows:
For year ending June 80, 1894. ..$l9G,9S7.52
Tor year ending June 30, 1885,. 134,035.Al
Tor year ending June 80, 18Ss. 224,621.S3
Fer year ending June 80, 1877. 22Q,02f.40
For year ending June 80, 1898. 234,G31.6i
For year ending June 80, 189o... 2'2, 45l.f3
THAT the steady ard rapid increase
shown By these comparisons affords a
strong justification Of the action Of the
defendant Corporation Commission in the
premises ard demonstrates that the com
plainant's property is still assessed at far
below its true value
SEABOAFD AND ROANOKE.
Extracts from the answer in case
Of Seaho2rG and Roanoke against Che
North Carolina Corporation Commits
sion:
THAT the annual net income Of the
complainant has been for many years
gradually increasing. That according to
the complainant's annual reports, fled
with the Railroad Commission and the
North Carolina Corporation Commission
fer the last decade, the net annual income,
without deducting taxes OF the complain
ant. las been as follows:
For year ending June 80, 1874. $187, 1885,
Tor year ending June 50, 1886. -, SG9.0G
For year ending June so, 1896. 296, 931.4S
For year ending June SO, 1897. 81 ,055.58
For year ending June 80, 1885,. $50, 1851
For year ending June 80, 1899... 324 .322.75
THAT the steady and rapid increase
shown by these comparisons affords 9
strong justification of the action Of the
defendant Corporation Commission in the
premises aus demonstrates that the com
riainant's property IS still assessed at far
below IFS true value
RALEIGH AND AUGUSTA.
Extract from the answer IN case
Of Raleigh and Augusta -Air Liae
against the North Carolina Corpora
ton Commissions:
THAI the annual net income Of the
complainant has been fcc NAM 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 ON
riajnant, has been as follows:
Tor year ending June 80, 1915 80 ,426.0G
Fer year ending June so, 1866. 106,570.G7
For year ending June so, 1885,. les, 644.35
For year ending June 80. 1897. 99,356.S9
For year ending June 3o,18GS... 75,627.11
For year ending Junc go, 1S99... 147 1852
THAT TIE steady and rapid increase
shown BY these comparisons affords q
ro,Iaa roroanaI.o i - =
premises ard domonajrates shat the com
p!a!Hahts property IS Sill assessed at
ar beioW rs true value
TIE CAROLINA CENTRAL.
rx4ract fror, tho orxn,
Carolina Central Railway Con9Danv
a~cainSt the North Cornlino Corlora-
ti.n commission.
Tint ne rnroI no+ income ~
commitment bas baeD for nanv -
gradually ircreosj1r Tha+ oc,Crdf,~ -
the conaIainart's anr-al ra.ore 5;,.5
w,th Ire Railroad co,orics:on ,,4 ~
| rorth Carojioo Cor,orot:aa raas
for The Iast 6acadn 49, - $500 :
como. W.thon+ fofrctin~ tavo~ - -
rl9inaaf has boco ~ to5,ov.e.
rcr ,,oor c, nl:-2 80 ." % o. 90 @1o3, g21.52
49, o1uliS Idie ~ lo5'... 94,'9o.f'
FOR year cnf5ng .1,na a. 1s47 1oac -
Ter year ending lame 20 1q.2 19t 80 -
For year ending June 90. 18ga 1c5 az &c
.rr5o+ 40 +aau
shawn ~ 49, IL ~ ca
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