The Red Cloud chief., 1904-01-22
ASSESSMENT PLAN
How tho New Law Operates in
Railroad Valuation
FULL TEXT OF PROCEEDING
Not . Foot Of Railway Track, Property
or Value of Franchises Can Escape
Assessor Who Performs Ills Duty

Auditor Weston and Secretary Ben
nett OF the state board OF equalization
and assessment are working on a
srheGJle OF railroad property to be
listed for taxation.
Under the new revenue law the val
uation OF each mile Of road shall be
fixed by dividing the whole value by
the number Of miles OF the main track
OF each road or each line. This is the
same as the former revenue Law. The
returns OF the roads shall not be con-
elusive as to the value. By. the state
board shall from all the information
which II Is able TO obtain. find the true
value. including tangible property and
franchises. md shall assess the same
on the same basis as other property is
to be asressod. The schedule TO be
sworn to by the officers Of railroad
companies before the 30th day of
March shall contain the following:
First. or the right of way. track
and road-bed, giving the entire length
of the main track in this and other
states. and showing as 10 this state.
the portion In each cor ". township
or city.
Second. The length OF each side or
second track and turnout. spur and
warehouse track, and aggregate length
Of such side Or second track, turnout.
spurs or warehouse tracks, together
with the name OF the county. town
ship. precinct, city. village. and school
and road district in which such side
or second track and turn-outs. spur
and warehouse tracks are located.
Third. A complete list giving size,
location as to county. township and
city and village. material and value
Of all depots. station houses, machine
shops. stock yards, scales or other
buildings situated wholly or In part
on the right OF way. together with all
platforms, fuel and water stations, and
the machinery and tanks connected
herewith.
Fourth. Showing the number OF ties
In track per mile, the weight OF iron
or steel rails per yard used in the
main or side track. what joints or
chairs are used in the track. kind OF
ballasting, length Of time iron or steel
has been used. and what length OF
time the road has been built.
Fifth. A full list of the rolling stock
belonging TO or operated by such road.
which shall distinctly set forth the
number, class and value of all locomo-
tives, passenger cars, dining cars. ex-
press cars, mail cars. baggage cars,
grain cars, box cars. horse cars. cattle
cas- coal cars, fat cars. wrccking cars.
pay cars and all other kinds of ears
owned or used by said company.
whether within or without the state
of Nebraska, together with a state
ment of the number Of miles Travelled
by each of said classes OF cars over the
line Of said company within the state
of Nebraska and without the state OF
Nebraska, separately during the year
preceding the first day of January last
past.
Sixth. A statement or schedule
showing: (D The amount of capital
stock authorized. and the number OF
shares into which said capital stock is
divided. (2) The mount Of capital
stock paid up. (3) The market value
OF such stock, or II OF no market value.
then the true value of the shares of
stock. (D The total amount of all
secured and unsecured Indebtedness,
except for current expenses OF oper-
ating the road. co The location and
actual valuation Of all it's real estate
and personal property in this state
that is locally assessed.
Such schedule shall be made In on
fsrmity to such instructions and forms
as may be prescribed by the state
board of equalization and assessment;
which values shall be taken into ac-
count and be considered in arriving at
the true value of such railroad prop
erty and its franchises.
Seventh. A correct return of The
tools and materials used for repairs,
and Of all other personal properly in
the state OF Nebraska, together with
such other information as the state
board of equalization and assessment
may require in order to enable them
to apportion such rolling stock be-
tween the main line and branches Of
said road. :
Eighth. A true statement of all
bridges, showing where located as to
county, township, village. city, school
and road district, the true value there
OF. kind and material. the length,
width and height Of such structure.
Ninth. The total gross earnings and
net earnings Of said corporation dur
ing the year for which said statement
is made, and the total amount expend-
ed in the operation and maintenance
OF the property, and the improvements
thereof. distinguishing that expended
in improvements or betterment from
that expended in maintenance or OPP
GRAFTON. also the dividend last de-
clared upon its shares of stock and the
amount thereof. and the date. number
and the amount of all dividends de-
clared upon its stock during the year
next preceding the date OF such report,
and such further information as the
state board may in writing require. all
of which shall be taken into consid-
Grafton In ascertaining and fixing the
value Of such road and the franchise
thereof together with such other in
formation as said state board may re-
Quire In relation thereto.
Teamstsrs In Chicago Resi- me strike
The strike Of livery, drivers. OF Chi
csgo. began anew after a truce of M