Gainesville daily sun. (Gainesville, Fla.) 190?-1938, 1907-04-07
WILL ASSESS ALL
ALABAMA ROADS
State Boerd Of Assessment Net
at Montgomery.
90 INTENDED % Be- DRAsTIc.

~-f'Fa~ - 49, -
tenn Of ds--TeIsuraph end Tsls-
phone Lines Also Assessed.
Montgomery, Ala. April e.--The
Heading feature OF the atate house
show was the meeting Of the state
heard Of assessments gathered for the
purpose Of assessing the rails and
roslinG stock OF the railroads Of the
state and the lines and poles Of the
long distance telephone and telegraph
companies The board il made up
~ the governor, the secretary OF
state. tho auditor and the treasurer.
with the attorney general in an adj
Yisory capacity
10 the several members Of the rail-
road forces present the governor said
that It was not intended to be dras-
ito. the idea being TO get Ct the val
ues Of the property including al sorts
and kinds Of securities and bonds.
and the attorneys for the roads will
he supplied With knowledge OF what 10
desired in the way Of information.
II was found that many OF the roads
notably the larger systems. were not
ready to 80 into the matter At this
time. It was, therefore. decided
tr,aiys them more time. and the fol-
loving dates were set for hearings,
At which time the representatives OF
tbs roads are told that they will have
% Sc over the entire scope OF tax
provisions
Telegraph and telephone companies,
April Is; seaboard and connections
April rs; Coast Line, April Ia; the
louisville and Nashville, April 1s;
Western and the Central OF Georgia.
April 10: Southerp, week OF April
81 Other dates win be arranged
later.
Tho roads which were taken up at
ouco we're the Mobile, Jackson and
KANSAS City represented by J.. @.
Rich, Of Mobile. Others were the
Alabama, Tennessee and Northern.
che TombiEbee VALLEY and the sum
ter and Chootaw The old assess
ment OF the Atlanta, Birmingham and
Atlantic WA allowed TO stand. The
Nashville. Chattanooga and ST. Louis
wil be heard along with the Coast
line on April az
Mr.. Rich said that the Mobile,
Jackson ana Kansas City had "a
miles Of track In the state. II has
floating debt OF 81 GOO, 600 and Is
bonded for $50, 600 mile. It cost
from So coo to SIC 900 q mile 10 build
10, which 70 much less than 4 could
be constructed Cor At this time. There
g 40 preferred stock; the earnina
capaclty 10 shown 70 be 50. 800 per
mile. and the tax values are placed
~ 50. 500 4 mile.
~ the new laws the regulations
govern the valuations OF railroad prop
arty are given as follows: "The val
aaflons OF such property shall be had
apon I consideration OF what 9 clear
ksa simple title thereto would sell fer
under eonditions under which that
character q property "a most usually
snld. and as evidence tending % show
what this would be. said state beard
81 assessment shall ascertAin az near
A. hey can, ard consider the aNar-
aEs market value OF the stocks and
bonds Of sncA companies h the raar-
acts during precedins twelve months.
aud shall also take into oohsidera-
tion me estimated investment vaiaA-
eou % said property AZ returned BY
tie duly authorized officers or agents
* tald companies 70 the railroad con-
nlission - basis for the adjustment
81 rates 81 said companies 70 tho rail-
read commission ~ basis Tor the
aeiustment q rates for services toI
the puhilc ~ such companies. and
az other LEGAL Information a. 70 such
vplust hat they may be ahls 20 OBJ
taln