Omaha daily bee., 1902-12-12
HITS THE OMAHA ROAD NOW
Realty Exchange Committee Files Another
Complaint on Assessment
WANTS RAISE OF OVER -FOUR MILLION
Produces Figures Il show that Chi
caRo, 81. Paul, minneapolis a
Omaha Railroad Property
e. worth s4,25O.OOO.

Inc bOdIu OF Review yesterday nou lJS
attention directed TO the Chicago, st.
Paul, Minneapolis & Omaha railway prop
critics by the tax committee of the Real
Estate exchange in a communication sim
liar to those filed on the two previous
days, in relation to the Union Pacific and
Burlington systems. This complaint also
is drawn by 4. 4H Mcintosh as attorney
and signed by JHeofge T. Morton as COM
plainant. Lire the others, II divides the
railroad property into its different class
ihcations, making each division the sub
jectS Of a separate complaint. The total
valuation placed upon all the property
comprised In the complaint is S4,250. 900.
and in the final prayer the board Is urged
to assess the Chicago, st; Paul., Mime
apolis & Omaha company at that sum.
Beginning with the passenger station,
the complaint notes the rentals received by
the ChiGagQS st. PAM Minneapolis a.
Omaha road. from the Fremont, Elkhorn &
Missouri Valley, and states that the build
ing is worth 500 900 and the grounds worth
S25o,OOO. and In that belief asks the board
to assess the property at the sun of $780,
900. -,
In the second complaint the portion Of
the main track in this city between the
north city limits pnd Webster street is
valued at $500. 900 and the franchise which
goes with It at an equal amount, making
the aggregate at which the board is asked
to place the assessment of this portion
Of the system $1,000, 900.
The basis of the third complaint is the
terminal property. which, including the
freight houses and shops, is appraised in
the complaint, for the purpose of taxation
at the aggregate. sum Of S3,000,0 900.
Hesita1es In Taking Oath.
Among other distinguished citizens and
taxpayers the Board Of Review entertained
John B! Ruth focal manager for the
Standard Oil company, and Euclid Martin,
manager' Of the ParIin. Orendorf & Martin
company yesterday morning, 3
When requested TO be sworn Mr.. Martin
Indignantly refused, believing that to be,
as he 1afterward explained, 8" special IN
dignity reserved for him personally He
was Informed that only sworn statements
we're accepted by the board, and then took
the oath. The company had made a return
OF $50, 900 luf property. and replying to in
q%uiries, from the board. Mr.. Martin said
that the July. invoice showed the stock
on hand to be $4,000, and that possibly
the goods aon and at the present time
would run as; high, as 800, 900. The
amount Of insurance carried was $40, 900.
These figures, he said, included $40, 900
of goods at Sioux Falls and 5000 at Sioux
City. The stock, he explained, consisted
to the extent OF about ione-third OF repairs,
which in reality were worth only a small
percentage OF the amount at which they
were billed. but which, he admitted, were
charged back to the parent house at full
value when returned. He said that the
stock of his company ran as high some
times as 100000 and as low at $50, 900.
~
Mr.. Ruth, appearing on behalf of the
StandardEOi company, declined to be sworn
on the ground that the statement returned
to the tax commissionerahad been made up
by the cashier of the office and his W
knowledge of it's correctness vas merely
presumptuous. He said that he would send
the cashier before the, board to be sworn
and II necessary to bring the books with
him. The return Of this company showed
$27, 900 Of property, including a bank bal
ance Of 81, 500. Mr.. Ruth was requested to
furnish the board with figures to show the
average stock OF oil on hand during the
sixty DAYS between September Is and No
vember Is, covering the period of assess
ment.
The City Savings bank wac reduced from
$50, 900, to $1,000; the Shook Jewelry COM
pany, from $40, 000. to $1,000; Mrs. Wills
Yates, from s4,14O.to $40; L. schlank, from
5 1900. to 1850,
Rocco Bros. was INCREASED from $500 to
81 800; Rosenberg Bros. G. Miller, from
s4,465 to $500; H. F., Stroud. from, Si,1OO
to $1,000 -,.,t,t.-. .,f,.
The assessment on the. real estate of
Henry Rohln, was reduced from IS, $50 to
s 5000 and, his assessment on personal prop
erty Increased from s7S5 to 81. 300, ..,-..
At the afternoon. session the board In
creased the assessment of the Western
Paper, company sftom $s5 900 to- -$35 900
and voegele & Dinntng from ST, 900 to $685.
OOB. 81 =. car o. q "F...7, ,-r. s-r-
The a~ssessmentfot the Yetter Wall Paper
company Was reduced from $12, 500 to
SS,5 and that of Wagner a Bushman,
who had been omitted from the list en-
tirely, was placed at 81, 00O.1 ]. M. Wool
worth was allowed a reduction from $21,-
900 to S1s,50O' on real estate and his per-
sonals property assessment was increased
from SI.q7Ol to 5000.
The board has cited the Omaha Belt
Line company to appear this afternoon and
show cause why it's assessment should not
be fixed at $593. 900, and 20 the Terminal
company to show cause why its assess
ment should not be raised from $4,000 to
$500, 900. trg.r Hr'