Omaha daily bee., 1902-04-13
FINISH UP ASSESSMENTS
Board Of Review Raises the Valuations on
Many Implement Men.
BANKS SUBJECT OF MUCH DISCUSSION
Savings Bank Taxed on Its United
states Bonds and First National
Held for Taxes on It's
Real Estate.

The city council, sitting as a board OF
review, yesterday afternoon completed its
canvass Of the assessment roll as returned
by Assessor Everest. The changes were
not as plentiful or as important as out
siders had expected. The board adjourned
for five days, when 1t will reconvene, and
persons dissatisfied with their assessments
or the increase made by the board will be
given an opportunity TO protest. 1t will
then be seen whether the board will stick
by its action in raising certain assess
ments, or, as one Of the aldermen put Il
yesterday afternoon, permit its bluff to be
called by the firms or persons whose as
sessments have been raised" and the fig
ures put back to where the assessor had
them.
The more important changes made by the
board are: Omaha, Council Bluffs & Subur-
ban Railway company, from $3.50, 900 to
5000. 900; c. r. Tyler Of the Crystal mills,
$1,000 to $4,000; J. w. Squire. real estate
and loan broker, $40, 900 to $780, 900; Smith
Refining company, from $780, 900 to SIS, OOO:
Sandwich ManIfacturing company, from
$4,000 to $4,000; H. H. Van Brunt, from
$40. 900 to $12.O 900: wickham Bros, from
$1,000 to $4,000; Ferd weis, from 81, 900 to
$4,000; wardner, Bushnell Glessner COM
pany, from 81, 400 to $4,000; Sterling Manu-
featuring company. from $1,7S4 to 5000;
Russell & Co, from 5000 to 5000; Ault-
man-Miller company, from $4,000 to s., 900;
John Beno & Co., from $50, 900 to $50, 900;
Citizens Gas and Electric company, from
5000 to $1,000; Culver & Woodbury., from
$1,000 to $4,000; Swaine & Mauer, from
$4,000 to 5000; Fuller & Johnson, from
$4,000 to $4,000: Hoosier Drill company,
from 81, 200 to $1,000; Gale MANUFACTURING
company, from "a, 1000 to $1,000; Keys Bros,
from $4,000 to $4,000; Kimball Bros, from
$500 to $4,000.
Bank assessments.
The banks were assessed as follows: First
National. on $92, 1874; it also pays on $40, 900
, real estate. Commercial National, 800, 900;
it owns no real estate. Council Bluffs Saw
ings, $132, $40; it pays on S5S,574 real es-
tate also. State Savings, $4,000; 1t also
pays on $25, 900 real estate. Ernest e.
Hart, private bank, s3,907.62. being the net
assets, according to statement. This 10 the
hrst year any assessment has been made
on Harris private bank.
The assessment of the First National
bank was reached after a lengthy discus
sion. In its statement laN December the
bank showed a surplus and undivided
profits Of $685. 600, but in Its January state
ment this had been reduced to s36. 900. 1t
was explained that $31, 000, representing
building stock held by the bank, had been
charged OF from the surplus and charged
, up to real estate. The board declined to
allow this Offset and only deducted SAC, 900,
the value of the bank building, from the
capital stock, surplus and undivided profits
on which the assessment was made.
John Bersheim, vice president Of the
Council Bluffs Savings bank, appeared be-
fore the board and protested against any
assessment being made on the $91, 900 gov
eminent bonds held by the bank. The bank
was also represented by Miss Dodge, at
torney. The board. acting upon the opin-
ion of City Solicitor Snyder, decided to
assess the bonds.