New-York tribune., 1903-01-15
TO FOREST4LL REPEAL
Corporation Realty assessed to Equal
Franchise TaIudtion.
LOCAL BOARD WOULD AVERT LOSS.

LOCAL BOARD WOULD AVERT Loss.
The interesting announcement made at
the tax office Yesterday that on account of A
fear that Governor Odells recommendation for
A. repeal of the Ford Franchise Tax law Will
become a law President Wells. of the Tax
Board had forestalled possible loss to the city
by assessing all the large corporations on &C
count of real estate sum substantially equiVa-
lent to the State Boards assessment of the COM
panies for their franchises.
While the Franchise Tax is not in lieu of realty
assessments by the local board. that arganiza-
ton. in view of the franchise tax, has hereto
fore assessed the realty of corporations only
nomtnaIly.
Thus the companies are assessed twice, ana in
similar amounts for franchise by the State
Board of Assessors and for real estate by the
local assessors. If the law taxing the franchises
should be declared unconstitutional the local
authorities would at once demand from the com
panies payment for real estate valuations in
sums just about equaIItng the franchise valua-
tions Following are the real estate assessments
of some of the larger corporations:
nssan sss Rsse sbe sos E Raroa Com
EFoadway cad and Seventh Avenue Railroad Giet-
Eghty-sixth-st line CIetropolitanJ.. 100000
Christopher and Tenth street Railroad Met ooooo
oPsodats G0nsodats fssg es and Electric
Dry Dock and East Broadway Railroad Met oo oo
Eighth Avenue Railroad istroDoiita,. 5999 coo
For5ysecond FP Street Railroad Cetropolanj 10000
900 coo
Metropolitan Street ntsrurban) u 500 600
New-Arusterdam Gas Company. 3otoOoo
New-York Harlem Railroad. 10 0S0 600
Fourth Avenue Railroad Metropoliranl 6lso0o0
New-York Central Hudson River Railroad 600
New-York Mutual Gas Company -------------- 2S0ooo
New-York Edison Company sZloU5u
New-York Telephone Company. .-...-. SIS goo
Second Avenue Railroad (Metropolttan) )-.--- onUo
Sixth Avenue Railroad CMetropolitan) --- 3 39ooe0
Third Avenue Railroad Cdetropolita). s.076ooO
mn rnnSitsn5 ..-.~-.-.--- 100000
r~en5gyisrCn s5 oa asIronoiitan, gnu . $780, 600
Twenty-thrd Street Railroad. .--.---..---- LIONo
Electric Light and Power Company ~
Western Union Telegraph Company .-------- ao9,Wo
Central Union Gas Bronx. ! g40o09
River Chester Railroad, Bronx 331oooO
Manhattan Elevated Railroad. Bronx 3LooUVS
and Harlem Railroad. Bronx :. 5S0 @
Railroad, 1, ,0O0. 900
Ti TPIy,e Psr-oad Iy Gon,panv Bronx 2350 600
BROOKLYN City and Newtovn Railroad--..--- 9s5-00O
Brooklyn City Railroad ~
Brooklyn Union Elevated .---------- odS0.os5
3rookivn Queens County Suburban 225 600
2aoaH TsznS and FrookIvn Railroad 500 600
Illuminating Company BROOKLYN 2i20go
4G0 600
& hlnss rIona goqn' Reii9osS az Z 1000
9rooklyr and Manhattan Beach Railroad e29 600
Nassau Electric Railroad - 80, 20
and New-Jersey Telephone Company .1J-ep
Prospect Park and Coney Island Railroad egso
Sea Beach Railroad +6SoO ~ ~
Queens county Railroad Queens -------. I 400 O0O
Brookiyn city Railroad, Queens -.------- 3 500 OO0 600
Long Railroad. Queens o'S9'SoI
New-York Queens Railroad sngoV
RichInondl Tl4 bisn5 p 5iross 9ro FoNe' 400 coo
tten fsisnd Rapid Transit 11eo 600