Ottumwa tri-weekly courier. [volume] (Ottumwa, Iowa) 1903-1916, 1903-10-29

in any other state or territory in which
it may carry on business.
CD Where the shipments, carriage
or other business is carried or done by
the reporting company wholly within
this state, the said account or record
shall contain the full earnings of the
company thereon.
90 Where the shipment, carriage,
or other business is carried or done
by the reporting company partly with
in this state and partly without the
state the said account or record shall
contain that proportion of the full earn
ings of such shipment carriage, or 9TH
er business which the haul or carriage
in this state bears to the entire haul or
carriage
"a The division provided for in
rule three shall be made by actual
computation, not by estimate.
(5) On or before the first day of
July, 1902, every such railway COM
pany shall make under oath and file
with the executive council, a report.
showing it's gross earnings in this state
for the month of April, 1902, ascer-
tanned as hereinbefore provided, and
monthly reports of such gross earnings
shall thereafter be made. The blanks
for the reports will be furnished by the
executive council.
In respect to the net earnings the
following requirements are made by
the executive council:
ID The general rule to be hereaft-
er observed is that whatever expense
is incurred to preserve the property in
the physical condition existing when
the material, building structure or
equipment, replaced, renewed or re-
paired was originally put in use and to
operate it is to be deducted from the
gross earnings in order to ascertain
the net earnings and all matters not
specifically provided for shall be so
determined For convenience the
terms maintenance" and operation"
are used in these rules to describe the
items which may be so deducted, and
the term "betterment' the items which
cannot be so deducted.
Cd The cost of reducing grades
and curves, of original ballast, of side
tracks, shortening the line and the
like is not maintenance" but better
ment" Provided that the superstruct-
ure in the case of reducing grades and
| curves shall be treated as though re-
| newed upon the old line to the eX-
tent of the length of the old line.
CD In the renewal of rails the
added weight at cost price shall be
charged to "betterment" the remain
der to maintenance"
| (4) In the renewal of permanent
structures, such as bridges, culverts,
crossings, station houses, offices, ele
vators and the like, the cost of dup
Heating the old structure shall be
charged to maintenance, the remain
der to "betterment."
CD The entire cost of additional
track or right-of-way shall be charged
| to "betterment.'
co. In renewals of rolling stock il
shall be ascertained what the engine
or car renewed or one of like efficien
4 cy would cost and such amount shall
be charged to maintenance and an!
excess to "betterment.'
CD The value of all materials, rail-
1 ties, structures, equipment and the like
displaced by new material, rails, tie!
structures equipment and the like
shall be applied to reduce the cost o.
maintenance.
{S) The cost of maintenance ant
operation of the entire system, as
well as in the state of Iowa, shall bt
ascertained as herein provided ant
shall be reported.
4 CD Expenditure for maintenance
and operation relating solely to line
i in Iowa, shall be charged to cost o
maintenance and operation in thi
: states; all other expenditures TO
such purposes shall be equitably di
4 vided and the basis of the division
shall be stated in the report.
, (l0) Neither interest or take
shall be charged to maintenance
, nor operation"
In order to assure the strict obserN
ance of this law penalty clause wa
included in the measure that is c
special Importance. 1t provides tina
should the railway companies refus
! to comply Herewith, "the executiv
= council shall proceed and assess tn
property of such railway compan.
| so failing or refusing according to tn
> best information obtainable and sha
then add to the taxable valuation
a per cent thereof, which valuation an
. penalty shall be separately shown an
!, together shall constitute the asses
+ ment for that year"
) The Importance of this measure
! apparent to, every taxpayer. 1t pr
! vides for just basis on which to f
q the tax levy of the railroad propert
of the state and sufficient penalty
attached to insure it's enforcement
This law has proven to be one of tt
most important passed by the la
legislature and the work of Wapel
n. county's representative in suportil
v this bill is worthy Of the highest col
,e mendation.