The Ordway new era., 1902-03-14
Taxation OF Mines.


Taxation Of Mines.
The Senate committee ON hnancc.
which had the revenue bill under con-
sidcration. has presented Tvs report
The amendment dealing With the taxa
lion of mines naturally excited the
most attention. II provides that all
mines shall he divided into two classes.
producing and non.produclng. All
whose gross production shall exceed
5000 year being In the former class.
Between the LIST and 10th of January
In each year mine owners shall deliver
TO the assessor OF their county sthtc-
mcnt showing;
First-The name Of the mine or min
Ing claim.
Second-The name or names or the
owner or owners thereof.
Third-Thc number OF acres contain
ed In such mine or mining claims.
Fourth-Thc number OF tons OF ore
extracted during the preceding year.
FIfth-The gross value OF any such
ore extracted In dollars and cents.
SIxth-Aciual cost OF extracting the
same from mine. which shall not in-
clude the salaries OF any officers or
agents not actively engaged In or
about the mine.
Seventh-Actunl cost OF Transports.
ton to place OF reduction or sale.
EIghth-Actual cost OF treatment, re-
duction or sale.
Ninth-The net proceeds In dollars
and cents, after deducting the above
expenses.
Which said statement shall he signed
and sworn to.
The assessor shall determine the
gross and net proceeds and value the
mine Mt sum equal 10 one-fourth OF
the gross proceeds. unless the net pro
cecds exceed onc-fourth OF the gross.
In which ease the valuation shall bc
equal To the net. The value shall new
or he less than the highest amount that
any non-producing mine In the same
district Is assessed at. Surface I'm
provcmcnts and machinery shall be
separately valued and taxed at full
cash value. If owners neglect to make
the required statement the mine shall
be assessed mt full cash value. The
assessors have power 10 examine
books and accounts In order to verify
owners statements. and II the latter
are found false the assessment shall
be at fun cash value.
Section S2II provides:
And the property owned by any min
Ing corporation shall he held 10 repre-
sent the value OF It's capital stock COR
the purpose OF taxation: prov idcsf; that
the manL,r Oi asscssmc !; all taxation
In the sections hcreilippvS set forth
shall apply orly to mincs lrd 'r.nl,g
claims bearing and producing gold, Ill.
yer. lead, copper or other precious or
valuable metals or minerals. and shall
not be construed to apply TO mincs of
iron, coal, asphaltum. quarrics and
lands valuable because containing 9TH
er metals. minerals, or earths. all VI
which shall he assessed and taxed like
other property according to the value
thereof; and provided. further. that all
mines or mining claims or possessory
rights therein that are not producing
gold, silver. lead. copper. or other pre-
cious or valuable metals or minerals,
shall be assessed and taxed like other
property according to the value there
OF. and In ascertaining such value the
assessor shall. in addition to the other
requirements of this act. take into con.
sideration the location thereof. the
proximity TO other mines OF mining
claims, and any other matters which
n fair and equitable valuation OF such
property; and, provided, further. that
nothing In this act contained shall he
construed AZ giving the assessor any
right to assess a non-producing mining
claim ut n greater sum per acre zsln
Is assessed per acre against the lowest
producing mine IN the same locality.
In addition an amendment was
adopted making more stringent the
rules to be followed by the State Board
oil Equalization In arriving at the as.
sessaDle valuation OF corporate prop-
erV. The board must take for n basis
.he market value OF the stocks and
ponds but may deduct the value Of
noiaings not used In the operation of
the companies.
When the Ammons railrood fenc,ny
Diii was taken up In the House, Stubbs
Oh Arnpahoe presented an amendment
wnich excited one of the bitterest de-
Da'es OF the session. 1t provided that
me roads should not erect fences in
'he precipitous places or where they
Wouia cut stock on from water. Mr..
s,uDbs declared that he was n stock
,nnh ana desired to strengthen the bill.
Mr. Mclean intimated that the attor.
seys OF the railroads were responsible
lor the proposition. It was beaten-20
yeas to ~ nays. The committee rec.
commended the bill for third reading
anu maj passage. The. report was
calied .,i on the adoption OF the report Of
Ine committee. II carried as follows:
thSesnAdams, Ballinger, Bartels, Bent.
y, BELL Bradley, Briscoe, Burwell.
GGaiey: Cannon, Carrlnger, Chisholm,
DDnvidson. Davis, Dickerson, Dinkel.
Duniavy. Eaches. Fall, (lorman, Ham.
hnmn Mohd, Harris, Hart, Hearth, Hollcn-