Omaha daily bee., 1906-08-26
TIMELY REAL ESTATE TALK
Local Taxation Plank In Republican
Platform IL Popular.
DEALER CALLS ATTENTION ITO ITS MEANING
some Prospect OF Change In the New
real Estate Building Company
without AnectinE Nature
OF Project.

Tell me the fight Of the real estate In
terests OF Omaha and Of all good cltlSens
OF Omaha. for the just taxation OF rail-
road properties has not borne fruit" said
a local realty dealer. "1f you think that,
l would refer you to a plank in the plat
form adopted by the republican state con-
vention at Lincoln few days ago. Here
ls the plank regarding the taxation o.
property, and 1 speak especially regarding
the latter half OF IL:
1--WE demand an impartial enforcement 81
the revenue law by county and state of
ficials, to the end that all property, both
c,s ahd Yana hsrssx sssns,ns
fair and equal assessment and the rails.
ing only of such revenue as is needed 70
meet the current expenses OF our stata
government under the most rigid economy.
While we believe that the present
method OF assessing railroad properly N
therefrom through the various countieA
just and fair. Insofar as It relates e
county, state and school taxes. we demeno
that the revenue law be so amended that
the railroad property within cities and VI
lagos shall also be assessed and taxea The
same as other property for city and VII
lage purposes"
This realty man called attention to the
fact already brought out many times. that
the Union Pacific Is in the habit ef peytns
only about 5000 taxes on 100 acres OF
property in the city OF Omaha, valued "a
s43y56o an acre. on the average.
A meeting OF stockholders OF the Rsak
Estate Exchange Building company will be
held at the rooms of the Commercial club
at noon Monday to take a vote on the srso-
| ton OF a building on the property At the
southwest corner OF Eighteenth and Far
nam streets, bought by the company two
or three months ago. It n talked that
1 ~ lrhn11Arn Wf1I0
| will not be ready to let loose OF about
| $1,000 each TO put up q new building. but
II lie said also there are others ready -
buy their interest IL they feel any hesi-
| fancy in the matter. According TO Presi-
| dent +. d. wead and other leaders OF the
movement for a real estate mems building,
money in the proposed building ought to
prove profitable investment. for q number
! Of firms outside the realty business have
! asked for room in the structure. A second
duty OF the stockholders, at their meeting,
will be to decide on the nature Of the
| structure.
Considerable activity IN building ana
repair work may be seen on Douglas
street these days At the southwest cor
ner OF Fourteenth and Douglas the strong.
handsome three-story Kennard building
|
! the next lot west the walls are being
built for a three-story building for A. I.
Undeland, who will take possession with
his line of BARRIERS supplies when the
structure Is completed. Just west Of
Fifteenth street, the Kilpatrick oompany
| is having its quarters repaired. Ana
| last, but not 1east--last because away
down toward the river--is the new whole--
| sale building of NJ. e. Smith a Co., which
extends from Douglas to Farnam on the
| west side OF Ninth street. One entering
, Omaha by car from Council Bluffs natur-
| ally gets good idea OF the growth Of
| this city. ).
Some delay has been caused IN the ist-
ting of the contract for the Northwestern
freight depot by the fact that an error
in the specifications required reflgurinE.
1t Is said that none of the Omaha con-
tractors were asked for a second bid on
the work This 10 not surprising, IA
the light Of the fact THAI the Omaha con-
| tractors had to make a strong protest
| before they were given the plans In the
first place. Even then they received the
| plans from the Chicago architects sfico
| only three Of four days before the con-
tract was to have been let. and after
! getting a few days extension of time,
they were utterly unable to secure q
copy Of the specifications. The result
was they could not make a bid II
Continued on Seventh Pase.)