Rock Island Argus. (Rock Island, Ill.) 1893-1920, 1906-12-22
COMPLETES WORK
State Board of Equalization
Closes Stormy Session
and Adjourns.
STATE vAlUESS5,6 32, 354, 1870
Increase of $f53,946,3e5 Since Last
Year-More Tangible Property
of Corporations.

Springfield. H., Dec. 22.-The State
Board of Equalization concluded its
stormy session last night and adjourn
cd sine die. According to their reports
the grand total full value of all proper
ty in Illinois is S., 632354,1S0. The to-
tai equalized fifth value is $1,126,470,-
$50.
This shows an increase in total full
value over last year of $3.50, ,395,
and the total fifth value increase is
$3R, 79S, 297.
The total fifth values for this year
is made up of the following items:
Lands 343. 5S5, 542
Town and city lots. 1925 1898
Personal property ....... 229, 792.122
Railroads -. ........... 1851 ,573
Capital stock of corpora
tions other than rail-
roads .... 1865, sol
Total ,126, 470S36
There is an increase in every item
over last year except in net capital
stock The increase in lands is SS16,-
Az; in lots of 81 .292 ,G22; in personal
property of $14.440,223, and in Ts.il-
roads of $4.517,326
Decrease is Explained.
The decrease in capital stock is $277,
| 369 This decrease is accounted for
because there has been an enormous
increase in the tangible property as
! sessments of corporations due to the
activity of local assessors.
IL mo %.
fifth value of capital stock and fran
chises was $37,933,S79 This year it
| is $50, 077.537. but the assessment of
tangible property by the local asses
sors has been raised from $4,000, 909
to $47.411 9S2, which has had the eff
| feet of reducing by slight figure the net
capital stock assessment by the state
| board
The Pullman company had its cap
| tal stock assessment increased $780,
600 Last year it was S1,650,O0O This
year it is $2,310,00O.
The following Chicago department
and mail order houses are assessed on
capital stock:
Marshall Field G Co. ..... $50, 900
| A Booth & Co. .....-.... $4,000
| The Fair Observation-Disclosures. $4,000
Montgomery Ward & Co. $4,000
Sears, Roebuck & Co. ....s.... $4,000
Assessment of Railroads.
! The largest assessment on any rail
road is that of the Chicago. Burling-
ton & Quincy, which amounts to S.
001 ,O69. Next comes the Chicago &
Alton with $6,75OS 99. Following close
ly is the Chicago & Northwestern with
$5.S64.6 3S and the Wabash with So
O73,53S
| The board finds that there are only
II roads. including the elevated lines
in Chicago. where the equalized valua-
ton of tangible property does not equal
or exceed the equalized valuation of
capital stock Against such roads the
board has made capital stock assess
ment as follows:
| Chicago & Alton ...S 143, 703
Chicago & Eastern Illinois,. 471.,19
| Chicago Southern - 1850
Chicago, West Pullman &
| Southern ........... S07
Illinois. Iowa & Minnesota. 24,566
ST Louis & O'Fallon ..... II ,4SO
Union Stock Yards & Tran
sit company . 9,494
Chicago & Milwaukee Electric 240.5 07
Metropolitan West Side Ele-
waited Sf3,157
Northwestern Elevated $500 1242.121
| South Side Elevated .. 445, 543
Total is $3,2I5,077.
The total excess assessment of the
capital stock and franchises of the
above IL railroads is $3.215,977. Last
year the excess assessment of capital
stock and franchises of all the rail
| roads in the state was $1,SS5.3S1
In assessing the capital stock of cor
porations and the property of railroads
the board has followed the rule adopt
ed by it and was not swerved from its
course by the arguments made before
the committee by Corporation Counsel
Lewis of Chicago and his assistants.