Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1907-04-09
RAISES GLUCOSE
RATE $|5Q,OOO
Board Of Review Increases AS
sessment From $4,000 to
100000 Monday Night
OFFER AT FORMER FIGURE
Attorneys for Company Say plant is
8 on the Market for $4,000 IN arshalI-
town Capital May Try and Buy It.
Taxable Valuation Now Same as Ac-
tual as Returned by Assessor-Ad-
journment to 18th.

tual as Returned by Assessor-Ad-
iournmert to 18th.
The board Of review. In adjourned
session Monday night, increased the
assessment on the property OF the
Glucose Sugar Refining Company from
$4,000, as returned by the assessor. to
s 100000 the amount placed as the actual
value at the last assessment OF the
board. The members feel that there
has not been depreciation Of $4,000
In the property within the past year,
and are inclined to consider as bluff
the statement OF the company's at
torneys to the effect that the property
Is on the market at $4,000.
In 1906 the company consented to
the placing OF an actual value of $780,
600 on the property, and members OF
the board can not see where, in the
short space Of one year, the property
has been reduced in value to any such
great extent. Devine was not in favor
~
present time, despite the fact of
statement made that the company's at
torneys would not consider any assess
lnent over $4,000. Herman thought
that in placing the assessment at the
former figure it might have tendency
To- keep away prospective buyers.
Psenicka believed that, within the past
year there had not been removed from
the plant one cent over $l0,000 or $le,-
\ coo worth Of material.
Mayor Objects to Reduction.
Mayor Ingledue asked the council
4 to grant him few words, and ex-
pressed his views in no unmeaning
terms He said that as long as the
glucose company was fighting Mar
s ss,alltown, there was nothing for Mar
sAalltown to do but to fight back.
those men out here for the supposed
4 f.s.p pose Of wrecking the building were
q I,g. here without purpose" the mayor
$sss.ed. They were here to have an
eject on reducing the assessment.
Assessor Makes Statement.
Former ASSESSOR w. B. Elliott, who
returned the last assessment against
the property at $4,000, was in the au-
I dience, and was called upon tor state
ment. Mr.. Elliott said that he had re-
turned the assessment at $4,000 on
the statement OF the company',s attor-
neys to the effect that they would give
written authority to sell the plant at
$4,000, and that they would not con-
slider any higher assessment. Mr.. e.
Hort explained that the law specified
that the assessor tax properties 4.
& their actual cash valuation and that If |
this property was on the market for $780,
900 cash he could not assess It a.. a
higher figure under the law.
Evans Says Will Buy 1t.
ss N. IA. Evans was called by the board
for an expression of his opinion as -
s5the value of the property Mr.. Evans
stated that he was as sure as he cou,i
be of anything, and not be absolutely |
certain, that he could command suf-
fcient Marshalltown capital to pur-
chase the plant and grounds at $4,000
& If they were actually placed on the
market.
Reference to a statement to the effeet |
that w. w. Doolittle was going to pur-
chase the plant at $4,000 was ex-
planned to be in reality that Mr.. Doc
little had an option on the annex the
best building of the plant, at $4,000, I
and that that figure was no indication
of the real value of the entire proper
/ ty.
Gregory Prepares Resolution.
Gregory, of the Second after the
matter had been finally discussed, pre-
pared and presented a resolution call
ing for the board to raise the actual
valuation from $4,000, as returned, to
5000, 600, and the taxable valuation
from $4,000 to $4,000. The resolution
was unanimously adopted. y,
Other Properties Under Consideration.
The board is still considering other
properties on which questions regard
ing changes have been made Included |
are the fremont block on West Main
street. returned at $4,000. The board I
considers this assessment a little too I
low but considering the fact that a
part &c the block has, until, recently, /
sbeensvacantE or not rented, it has about
concluded to let it remain at $4,000 |
for the naxt two years. 1t had been
Recommended to raise the valuation to {
$4,000.
The Pilgrim hotel property, returned /
a. $4,000 is another considered too
low, as are also the Clemens feed yard
property on East state, returned at
$4,000 and the I. S. Finkle fair
grounds property, returned at $4,000,
for N,hieh the county fair association
now holds an option at $1,000.
Wiil Meet Again April IS.
The board adjourned late Monday Il
night. 10 mees again on Monday, April II
IT, at a. m, when the interested par
ties in different assessments. especi- Il
ally sthase in the glucose assessment.
may appear before the board and file
their objections.
Cheap Rates to the Pacific Coast.
Commencing March / and continu-
ing until April 80 the Iowa Central
railway will have on sale reduced one
way tickets TO Arizona, California, Ore 4
gon, Washington British Columbia, h
Utah Montana. Idaho and Old Mexico.
Rates SIS below regular fare. On We'd
nesdays thru tourist cars to Los An
geles and San Francisco are run via
Kansas City and the popular Santa
Fe System.
Call on agents for particulars, or adj
dress. A. B. Cults. G. p. and T. A. II
Minneapolis. MINI.