Omaha daily bee., 1902-11-24
SLOW IN MAKING REPORTS
Railroad Companies Do Not Comply
Promptly with Iowa Requirements.
HoRSEMEN COLLECT ON AN OLD CLAIM
Religious Conference at Iowa state
COlIege-DeIegates to stock Com
ventiOn-visitinE the state
Institutions.
CFrom a stan Correspondent

. NNA u $500
DES MONIES, Nov. 2S.-(special.)-The
railroad companies are reluctant to comply
with the regulations OF the state executive
council IN the matter OF regular monthly
reports OF earnings on Iowa business and
business related to Iowa lines. Some OF
the companies are making the reports with
regularity, but others are holding back. 1t
is even limited that concerted effort is being
made on the part of some OF the account
ants of the trunk lines to prevent general
compliance with the rules of the council.
It is known that the accountants of some
Of the minor lines have received letters
from persons connected with the larger
roads making suggestions as to how the
reports should be made and intimating that
there was an understanding among the COM
panies that only q part OF the Information
required by the state should be given. The
council called the accountants together last
summer and discussed the proposed regu-
lations with them before putting them in
force. These regulations are briefly that
each and every company must report
monthly 70 the council, for use in determin-
ing the value OF the properties in making
assessments, the total OF gross earnings or
receipts on four classes OF business, namely:
Exclusively Iowa business, business origi-
udNluE IN Iowa. puhlutHH AtImludAln6 III
Iowa and business passing over Iowa but
beginning and terminating outside OF the
state. But one company has made reports
in accordance with this rule, the Chicago
& northwestern and its kindred road, the
Chicago. ST. Paul. Minneapolis & Omaha.
The Rock Island has not made any reports.
Some Of the others have not yet reported,
but have signihed that they will make their
reports as soon as the accountants can get
the matter arranged. These reports are
being carefully recorded and will be avail
able for use Of the council in determining
the value OF the roads. II is believed that
the reluctance OF some Of the companies
TO divide their earnings into the four
classes arises from the fear that this will
disclose TO assessing boards in other states
some facts not in keeping with statements
made there.
settle Trouble with HOrsemen.
Several years ago a new race track was
opened in Des Moines and at the first rae
meeting given there by a local association
there was failure 10 pay any Of the premi-
Ums offered. The land for the track had
been turned over to the association by F.
NJ. Hubbell. owner Of extensive properties
here, and he had taken stock in the as
ISOLATION as pay. Messrs- McHenry & Stout
OF Dubuque and Freeport, who won many
OF the premiums with their horses and go
nothing. sued Hubbell for their premiums
claiming that the land was turned in FOL
stock at a valuation greatly in excess o.
its real value. hence their stock was no
fully paid NJ. They asked the court q
compel Hubbell to pay the difference be
tween the actual value OF his land and thu
face value OF the stock he received The cas-
was fought through the courts for severa
years. the plaintiffs winning. The case la