Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1906-12-18

producing a certain quantity of milk The
other farmer has 10 blooded Jerseys
which produce as much as the other fel-
lows 90 Is that any reason why the
large barn should be taxed for what the
small barn is worth? 1t is a parallel case
exactly, gentlemen. 1, is not the build
ings ut all. 1t is the machinery IN inc
buildings which affects the production.
In commenting upon the extra trans
portation. the cost of which was capital.
lied and subtracted from the value OF
that the whole of the TRANSFORMATION
which could be classed by any means as
excessive, would only amount to the Ia
Dor of one man wheeling one bale of cot
Now. gentlemen. Mr.. Sheldon says.
and everybody admits that buildings
should be deprecated for their age, and
when YOU have done that you have got IT
ALL And when you depreciate for any
thing else you have deprecated it twice. :"
In summing UP the building question
he said: Now as to this question Of
whether these mills are to be valued ac-
cording to the assessors or according TO
these modern millers. Are We going to
have the same method of valuation for
these mill buildings as those on Water
street? Is there ore rule for them and
another for us? There is one other expert
who testified rs to the value of these mill
buildings whom I have not alluded to.
wick He had n rule for fixing the value
of these buildings and think that ii was
very fair one. He said that it was his
belief that the advance in material would
offset any depreciation for age so tina !
the value of building today was about
equal to its first cost
In speaking Of the values given to the
Easements by the experts. Attorney Will
hanson said: Mr.. Walmsley refused to
allow any additional value to No. mill
because 1T had a basement filled Up with
manufacturing. and the deprecated No.
mill because it hadn't
Now. gentlemen. you have got to APP
praise those buildings. If YOU use Mr..
Eaton's theory. you'll reach about the
same result as the assessors. If Won use
the l per cent. theory You will reach
and If you use Mr. Morang'S theory you
will reach ahou. the same result as the
theory you'n come out somewhere down
by these modern millers.'
'Mr. Morang was there at the mill ION
times as long as all those experts put to-
gethrr and Mr.. Pratt has been there
about 200 times as long as all those OK
perts pnt together: vet they found No
mill all right and No. all right except
that big tower was attached to it.
years and then liked it so well that he
| built No. $ just like it, I would give as
| much for Jacob Edwards opinion backed
up by his money when he was alive as
I wcnld for Mr.. Walmsley's backed I'm
by Mr.. Edwards money after he was
| dead"
Mr.. Williamson gave some little atten-
| ton to the testimony of Mr.. Sheldon at
the Lockwood hearing. when Mr.. Abbot
'set the pace" in values. and the vastl.
different values placed on equally good
machinery here when he was setting his
own pace.
Concerning the water mower he said:
| 'The idea that this whole water power
| at tide water isn't worth a quarter of q
| million dollars nit least don't seem to mr
l to be WORTHY Of argument. 1t cost $500. 0Ot
| at least. 1t cost that on a very cnnserva-
| tive estimate. and they wouldn't have
| spent that il it wasn't going to be worth
| at least half that to them
| In reviewing the question Of whether
| the assessors had designedly undervalued
the other property in the city. Attorney
| Williamson had some interesting tables
| showing the location and what part OF
| the whole city's valuation the experts
had appraised. He analysed the sales or
| Water street during the past 10 wears
| and showed they were Of no value in de-
termining market value Of real estate
paIy Ghuadom 10 SSH aUl lp'I' loeJ aHL.
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