Omaha daily bee., 1902-07-22
TINE FOR EQUALIZATION
Only One Member Of Board Present and
Session il Adjourned.
ALL COUNTRY REPORTS ARE NOT YET IN
Total Increase I'm Assessment OF state
Will ne about e5y0OOyOoo, OF
which e3,OOO,OOO is~ In
Douglas County.
From a stan Correspondent

From a stan Correspondent
LINCOLN. July 2L.--(speciai.)-This was
the day designated by the statutes for the
beginning Of the annual task OF reviewing
and equalizing the assessments made in the
various counties for the purpose Of taxation.
but as only one member of the State Board
Of Equalization was in the city no Roadway
could be made. Auditor Weston opened
the record, noted the absence Of Governor
Savage and Treasurer Stue.er. and ordered
an adjournment for no specified time. It is
asserted that a meeting will DO held as soon
as the three members can conveniently come
together.
A few of the counties have thus far failed
to report the assessment made this year,
hut from the figures received It is estimated
that the grand assessment will be ap-
p~roximately IS. 200, 900 greater than last year.
Douglas county will give 50, 900, 900 of this
increase. Lancaster county's assessment Ia
the lowest made since 1886. The total Of
all counties. including the railroad, tele-
graph and Pullman property. will not be
far from s17s, 0O0. 900.
The statute under which the board will
proceed provides "Tha IL shall be the duty
OF said board to examine the various county
assessments and TO decide upon the rate Of
the state tax. the state school tax and the
state sinking fund tax, to be levied for the
current year. together with any other
general or special taxes required by law to
be levied"
Big sales OF Farm Machinery.
There has been an unprecedented, sale Of
farm machinery and implements from Lin
coin this year. which bespeaks the prosper
ity Of the farmer and the good condition Of
his crops. These sales are not confined TO
anu parftnuIar gnc4ta0 not,ntv 0r diafrirt
but extend throughout the agricultural
portion Of the state. 80 far as 1t lies within
the territory OF the Lincoln distributing
houses. This territory Includes for many Of
the implement houses nearly all OF the
counties south of the Platte river and a
small portion Of Kansas.
In Lincoln this year are nine dealers In
threshing machines, while last year there
were only three who sold this class of farm
machinery. One implement firm has con-
structed a new warehouse at a cost Of
nearly s25, 900 and several others have put
up buildings OF smaller dimensions.
SALES are about three times as great as
they were ten years ago" said G. e, Haynie,
general agent OF the Mccormick company.
land they are steadily increasing. I think
It is safe to say that in all lines Of farm
machinery the sales this year are larger
than they ever have BEEN Last year was
a good one, but 1 think this will beat It,"
Our territory includes everything south
Of the river and there is not one section OF
Il where the crops have failed. There has
been local damage from the heavy rains.
but I think the general percentage. on the
small grain. will be less than 10 per cent.
That is a small loss when 1t is considered
that the acreage Of wheat is much more
than 10 per cent greater than last year. The
yield is good, better than the average. In
fact"
In keeping with an agreement formed
several years ago the larger Omaha and
Lincoln implement dealers will not display
their machinery at the state fair this year.
The Lincoln dealers will invite all visiting
farmers to their warehouses, where they
will be prepared to show thei- machinery,
but only a few Of them will maintain dis
plays on the fair grounds.
New ruling ON Banks.
There seems to be a wide difference Of
opinion as to whether state banks are re-
auIred by law to file their articles Of in
corporation with both the secretary OF
the State Banking Board and the secretary
of state, or merely with the former. as has
been customary in the past. The attorney
general, in an opinion given for the bank
ing board, holds that they must file In
both places. Some OF the banking institu-
tions already organized have needed this
ruling by having a duplicate copy Of their
articles nled In the secretary OF states
ONCE, but the others are content with the
authority given them by the one depart
ment.
Secretary Royse has notified each state
bank Of the attorney generals ruling, but
as II calls for such q radical departure
from the established custom 1t Is not likely
to be generally observed. Former Attorney
General Smyth ruled that the Aling Of arti-
Giles With the banking board was sufncient
to satisfy the demands Of the law.
The question has never been raised In a
formal way and II Is therefore impossible
for the secretary Of the banking board or
any other ofhcial to determine definitely
the exact status Of a bank which has
recorded its articles In only one once. Mr..
Royse urges bankers to be on the safe side
by completing their record in both depart
ments. He is enforcing the attorney gem
erals ruling as TO all new banks chartered,
but Is without authority to do the sam
against those already doing business.
Articles OF incorporation Of these new
banks were recorded In the secretary Of
states once:
The Bank OF rrumbuli. Trumbuli. Clay
county; capital stock. $1,000; incorpora-
tors. william Glover and Theodore Glover
The Bristow State bank. Bristow, Boyd
county; capital stock. $1,000; inoOrpora-
tors. Frank Nelson, Charles II. Hartunl
and George w. Bell.
d. A.. Gilbert Of York nled Al AfHdavii
asserting that he made no expenditures In
connection With his candidacy for the
fusion nomination for lieutenant governor
|
Hays Gives Way to Umstead.
CLARKs. Neb,. July 2l.-(special.l-T