The farmer and mechanic. [volume] (Raleigh, N.C.) 18??-19??, 1903-08-25

at 500 and new raised 10 1880, unim-
proved and rented for $50 a year. Cost
! applicant $3.50.
| store houses, ETC., at corner OF Hills
! bcro and Chapel Hill roads II West
Raleigh. Cost applicant 1850. Assessed
with double store on it at $1,000, raised
to $4,000. Compared with the adjoining
property Of Prof. ". G. Riddick, reason
ably assessed at 81, $50.
Cottage on North Bloodworth street,
raised from $1,000 to s1.730. Al adjoln-
ing lot belonging to II. c. Johnston. Is
valued at 81 80.
Mr.. Battle stated explicitly that IN max
ing application for reduction OF the as
! sessmen Of his property, applicant does
| waive the objection that two Of the es-
| SCISSORS were not free-holders OF the town
ship or county and that they have not
| complied with the law.
Then Mr.. Battle read the exception OF
! MIR. Peter H. Mayo, by Col. Benehan
! Cameron, his son-in-law. HIS house and
lot had been raised from SIS, 600 to $4,000.
The average testimony OF about twenty
| four men likely to know It's yalue estl-
mates it as SIG, 800, in 1891. Since then
improvements have been added amounting
to about 81, 900.
The Benehan Cameron Square. Since
the Confederate War valued at $4,000.
During boom times raised to S14 900. Even
on $4,000 it Is difficult to pay the taxes.
W7JoIJcott's store, on East Martin
street, raised from $1,000 to $4,000. In
~srrance men say property has decreased
in valuation.
Maria T. Haywood, through tr. Bat
tie, asked that the assessment on three
houses be reduced. 1t had been raised
r-- o. n =. 90 -an ol+lotoh n LOT va llJp1
at 1000 had been sold off to Mr.. Lltch-
ford. This property is near corner OF
North Wilmington and East Jones streets.
Benehar Cameron and j. w. Graham,
receivers for benefit of Mrs. Geo. p. Col
Inns. Mrs. w. B. Shuford and Miss Annie
Graham ask reduction of valuation of Ill
acres of land adjoining st. Mary's School
property. Raised from SIG, 500 to $50, 900,
and of the Beaverdam tract, raised from
J $500 to $3.50.
Messrs. R. H. Battle and j. n. Hold
ing. executors and trustees under the
mill of w. H. Pace, ask for reduction OF
assessment of property on which Mr..
Pace lived. Raised from $500 to SO, 1000.
Capt. S. a. Ashe stated that two lots
had been assessed as his on North Boylan
avenue, whereas he wned but one, be
sides one on the west side of Boylan
street.
Mr.. S. A. Ashe, Jr, appeared for the
Raleigh Hosiery Company, which petit
toned for a reduction. Their lands and
buildings have been assessed as being
worth So, $50, but stand this company in
the place of only 81, 44S. He argued that
the increase could not be on the build
ings. which are surely worth less than
their original cost. Accordingly the III
crease must be on the land, and amounts
to something over 800 per cent above
the actual cost value paid for 1T IN the
purchases of 1900 and 1908, and 600 pei
cent above last assessed value. II such
a fictitious value should be placed or
this land by this corporation and stock
issued for this .'so-called increased value
the corporation would be open to the
charge of watering its stock, which Is
illegal under the laws of this State.
Mr.. w. N. Jones presented a petition
from Mr.. R. B. Raney, stating that he
considered the assessment of $25, 900 on his
home at Hillsboro and Salisbury streets(as
,, very excessive and unreasonable. The for
= mer total assessment of the whole prop
erty was So, 900, including the rear LOT
on Edenton street now assessed at s., 800
: He did not believe that the value IN mon
J ey OF the property could, by any either
we'll acquainted with the value of sucl
real estate, be placed at a higher sun
than SIS, 900.
Mr.. Jones filed an exception to the as
: sessment on his own residence, No. So
! Fayetteville street. Raised from $4,000 t
= ! Sc, 900. He did not think the propert,
, would rent for more than SO per month
and he doubted if more than $5,0I
could be obtained for it at a cash sale
L Also the property on East Cabarrus street
-~:.-l r,1-z G. ( n - 90 n u o~t- -
S21 per month. The lot on Swain stree
;, rents for 81 a month when rented, whicl
has averaged about six months in tn
year. 1t cost $191 when purchased, an
should not be taxed for more than S20C
A vacant lot on East Cabarrus street /
taxed at $3.50, when Mr.. Jones gave 81
for it a year or so ago. He would b
glad to get 1925 for it nov. Should no
be taxed for more than 500.
Mr.. Jones urged strongly a re-assess
ment of the entire property in Raleig
< township.
The Mechanics Dime Savings Ban
asked that the assessment on the ban
s building be reduced from $11 600 to SO,
600, as this is the amount given for tn
property during the past year.
Mr.. Boushall asked for a reduction 0
the home of Mrs. Matte A. Heck, o
At NOTln blOunJ street. Inc cash value
le actually not over ST.. 900, for she ha
offered to sell for that and not bee
able to do SO. 1t would not rent fo
over 5 per cent on the valuation of SIT
500, though now assessed at $40, 500.
lie Mr.. D. T. Johnson asked that his lc
r at Hillsboro and Morgan streets be a.
e. sessed at $4,000. The place cost $f,400.
was raised from 5000 to $500. A
the improvements cost only 81, O0O.
Is Judge t. B. Womack appeared for Mr.:
F, P. Tucker, who asks reduction on tn
IS following pieces of property: The Tucl
he er Office Building, figures in regard t
which show that, with taxes assessed O
OF the new valuation, only ) per cent. ca
~ be realized. The expense Of the buildin
60 averages 1900 a year. Moreover tt
al Masonic Building will hurt this propert,
The Robbins stables. Times Buildir
he on Fayetteville street. Total income
m 1899 a year. Raised from $4 900 to $:
IN COO. The taxes alone take more than on