The Spokane press. [volume] (Spokane, Wash.) 1902-1939, 1904-10-29

II /.
INortiArn Pacific give title to Il. Al
a result q mere nominal figure Is as
sessed against the railroad in con-
nection with this park.
In that same speech Mr.. Warbur.
ton said that these statements are
facts: The Northern Pacific owns
1850 miles OF track. bonded FOR S32.-
2l4 per mile and stocked for s2s.s01
per mile. giving value Of tsb.0o(
per mile or q total of 1851. 900
which he says Is assessed here al
10000 per mile. Some of those state.
ments are fact. some are pure infer.
ence.
The bond and stock value of any
company covers all its property
which in the case OF the Northern
Pacific included right Of way. track
sidetrack. rolling stock. machinery
terminal grounds. machine shops, all
the land, lots and personal property
owned by the company. Also bonds
and stocks amounting to $117,340.341,
which amount is assessed at the home
Office of the company as personal
property and consequently can not be
assessed elsewhere This mortgage
is recorded in book II Of mortgages
In the office of the auditor of this
county.
When you deduct the total Of these
bonds from the figures given by Mr..
Warburton. and for the purpose of po-
litical capital reproduced in the
spokesman-Review, you have t144,-
609.s59, or .s35,ss4 per mile, instead
of Mr.. Warburton's $4,000. As to
the part of the assessor of this or
any other county as to the way ne
shall use them. That is fixed by the
existing state revenue law. It is no
fault Of any republican or the re-
publican party.
the system adopted in this state un-
der the workings Of the present state
revenue law that the lands. lots and
leases within the railroad right of
way are assessed separately and
should be deducted before you arrive
at the rate per mile. which Mr.. War
burton says is $4,000.
An examination Of the assessment
books of this county, in which the
schedules are laid down under the die
tation Of the state revenue law, which
is not a feature Of the republican
party platform in this campaign but
has been on the books for years. re-
veals that the assessed valuation of
right of way and track only is 1920,
sidetracks at s2640 and rolling stock
at $2112, each being a rate per mile.
All of the depots, machine shops and
other personal property" are assess
ed in different item in the schedule.
The total assessment of the main line
of the Northern Pacific in this coun-
| ty is $694,670. There are 4S miles
of such main line in this county, and
| the assessed valuation is $14,476 sc
| (not Mr.. Warburtons 100000 per mile
on which the Northern Pacific will
pay s432.32 per mile on each and
| every mile in the county.
The Great Northern is assessed al
s14,S33 per mile and will pay s448. 6s
on their 5s miles in Spokane county
You should keep in mind that the
five miles of northern Pacific tracks
| within the limits Of the city of Spo.
kane are no more essential to its
transcontinental business than are
the 43 miles of tracks outside of the
| city and in this county. Yet 1t pays
the county Just as much taxes pei
mile on the latter as on the former
fact which is not set forth either
by Mr.. Warburton or the Spokesman
Review in it's inferential statement.
concerning taxation. which are al
ways incomplete. If you desire tn,
whole truth regarding taxation, d,
not look to the Morning Monopol!
organ, for you will get there only hal
truths in the garb Of complete truth
The republican party in this coun
ty and the republican assessor O