Omaha daily bee. (Omaha [Neb.]) 187?-1922, 1902-12-10
Value the oOmpany's Property Within the
City at SS4,50O,0oo
AlSE OF OVER TwENTY-sEyEN MILLION
Tax Commissioner Fleming's Valuation on
the Property is S6,964, ,940.
EARNING POWERS OF BRIDGE ARE SHOWN
Complaint states that the River Cross
ing Property Earns 1850, 900 Annu-
ally for the Union Pacific
Railroad Company.

Thirtyfour and a half millions Of dol
lars is the assessment which the tax COM
mittee OF the Real Estate exchange asks
the Board of Review to place upon the
property of the Union Pacific Railroad COM
pany taxable in this city.
Just before the adjournment OF the board,
between $3.50 and O'Clock last evening,
James II. Mcintosh, as attorney, filed a
complaint in due form and in specific
terms protesting against the assessment Of
the property Of the Union Pacific company
as fixed. This complaint is sworn to by
George T. Morton, as complainant and
deals with each portion or class Of the
companys property separately and in de-
tail.
Beginning with the bridge, II is related
that the west half of that structure is
within the limits OF this city and taxable
here, and that the bridge with its ap-
proaches is three-quarters Of a mile in
| length and was built pursuant to a fran
| chise granted by act OF congress and that
the only other franchise for bridges across
the Missouri river are those held by tho
Omaha Terminal railway and the Chicago,
Burlington & Quincy Railway company. BY
virtue OF these facts, It is argued. the
| Union Pacific company controls to a great
| extent the access to the city for the trans
portation of freight and passengers
Amount of Bridge Tolls.
1t is shown that the company charges
tolls for the use of it's bridge and there
are cited the contracts with the Rock
Island and Chicago, Milwaukee & st. Paul
roads whereby the Union Pacific road col
| lects SO, $50 per month from each Of those
| companies, and it is stated that, with other
tolls collected from railroad companies, the
~.
income from the bridge ,n to,Is ~ ssse ooo
| - =, ,st,N.e - - "a - = -
per year, IN ADDITION 70 tne use OF tno
| cars. For the pnfpose ~ arriving at the
net aorrJh.s tbo ~. !, ,na,n,ain,ss az
bridge and operating cars. and for deteri-
oration In the bridge property. an allow
s,ss} rso, 4, s,ss ,lAas Sn,SsTIS
| Treating thM snn, IN ARE bksls ~ q A 5tssr
1 cent nroot on s4ha investnent the rom
| nlaint nIaces a canitaI valpatlon ~ 40
75O 600 on the bridge nropertv
! Therefore. II js argued that the one-half
of the bridge taxabIe in Omaha a. ~ tbs
value of s6 AYE Oo0 ana that tha taoA as.
sessment Of that nronertv should ba raised
from $40. 900 TO that amount
In second complaint. forming part OF
the same document the union passenger
station is discussed and in this connection
the complaint says, in part:
That said passenger station is OF late
S9nstrueuon con ~. %ana % was puilI az cost OF
senSeT ststion are nsed by saId rsi,road
company for the accommodation OF its own
passengers and also for the purpose OF
road cempanies the 1riviieRes Of toint nsa
with 1t of said station a union passen-
ger station IN the city OF Omaha, from
fTnion Paciac Railroad connbanv derives a
large revenue, the exact amount Of which
Fair nasb yaue 1e of said depot aronds snS tns
passenger station th Is more shSn me sem Of
depot property ought to be raised from its
present valuation of $4,000 to $Sli,OOO
TrackaEe ana Franchise.
.,,,.5 o,.,u., 4. .u,s.. A..
ao,,h,o 80 o,,andt.a ,.au, az ,',asti sn0
uJuU ' =, IN NS,ans, i.usn .,,.n nc n "v' 'el
tha 90, =, ~, s.rno. ~ - a'.s. go
aistoa 80 o1e'too IL. nv 49, aa..%Is
traaI, e. On ,ba T,aIU riabt % 80, go a.
,sad ,s art 80 az %s,U ~ ~. "
naoir trooLa n,tb .haIr .,ah. n,N.,.. go
sidetracEs are est,nated 70 he 1yor,h an
agorogato s,,r, =, 90 o,I 77o % ssoI,si-a -
az tra.ob1s -
This Franchise the corn,stnt ,.,,,.s A.,
basis 90 the dir,oronco ha,n,aan ths o.St =.
; | w a mar
I mile for the entire system os rnors ,hsr,
! ooo miles ~ road ana ,ha m.rEst naI,,a
~ its stocks and bonds vbteh a. ann oon
ner mile for the comnanv's entirA sv.,sn,
Therefore in the case OF The nortion ~
the main line sidetraoks and rI1bt.of-u,sv
in question the franchise Is arSueds N hs
} worth se 900 900 and the combined value \,
the tangible property and franehiaa ls
placed at ssO11 1872 22. The board is urged
IN raise the assessment on this norton ~
, the property from sac. 600 TO fs oil 7ss. 81
D -
3
= In another section. designated a. the
fourth complaint, attention Is given TO the
spur track running from the main track
to the river bank. Upon this portion Of the
property, which, 1t Is Etated, has been
3 omitted entirely from the assessment, ia
placed valuation of $i.i47s9f40 and the