Omaha daily bee. (Omaha [Neb.]) 187?-1922, 1907-05-16
10 CHANGE In RATES NOW
Commission will Wait Until the Maximum
Rate ELL Gee, Int Effect
iOptsl THEREBY TO AVOID LITIGATION
Union Pacific Asks That securities
Owned by Company he EIipainatsd
in Fixing the Assessment
of the Company.


CFrom a stan Correspondent
LINCOLN, May 15.-(speclsl. THE State |
Railway commission will make no schedule
of rates until JULY /. the time the maximum
freight rate law and the Jaw reducing ex-
press charges Is per cent goes into effect
In the meantime the commission will put
IN its time getting familiar with the rates
now In force and in preparing itself to
intelligently act when the time comes in
july Special rates, OF course, will be
made during the time between now and
July on complaints after a hearing, but
as the time is so short the commission
thinks It not advisable to go ahead and
sut in a schedule OF rates only to be com
PEELED to get out another schedule after
the freight and express reduction laws
so into effect Representatives Of express
companies have asked for another hear
ing or conference before any rates or re-
ductions are made and this probably will
be granted them.
To put into effect a new schedule OF
rates at this time the commission would
have TO give the roads ten days notice
Of hearing. after which the companies
would have thirty days in which to adopt
the rates. This would take the matter
up to almost the time the reduction rate
bills go into effect and would necessitate
Nho BelllnB out Two sCueuuiehs
The impression prevails that the commits
sion expects litigation from the railroads
over the maximum freight rate law and
81 is believed It Is for that reason also
that II prefers waiting until this law goes
into effect before adopting all new rates,
so that the litigation will come over the
legislative enactment.
Railroads Talk for Reduction.
The Great Western and the st. Joseph &
Grand Island had their representatives
before the State Board Of Assessment this
morning and this afternoon A. w. scrib-
ner and r. ]. Clancy Of the Union Pacific
and r. d. Pollard Of the Burlington added
a little to what they already told the
board. The first two railroads were repre-
scented by John L. Pratt and Fred Uhlman
each OF whom assured the board his road
had little property in the state. Mr.. Scrib-
ner discussed the securities held by the
Union Pacific, which, in his opinion, should
be deducted from the value OF the road as
found by the value OF the stocks and bonds.
He told the board these securities had
nothing to do with the value of the prop
erty It had TO assess in Nebraska and Mus
trated II by saying II the Union Pacific
organized a holding company to take over
these securities they would not be reported
at all to the Nebraska board. and there
AoAE nc Ae1iFNu 10 Keep TINS
in mind when arriving at the assessment
of his company. He and Mr. Pollard both
wanted the board to make the assessment
on the property In Nebraska and not upon
the wealth OF the company.
Company II Awake to Opportunity.
From the records on file in the office OF
the secretary Of state It is very evident q
lobby was on. hand last winter to pass the
bin providing for corporations to maintain
an agent in the state upon whom service
could no had. The bill was introduced by
Senator King Of Polk county and BECAME a
law April 5. On March 5, a month before
the bill was passed, ithe articles of incor-
poration of the Mercantile Incorporating
company were iled with the secretary of
state. This Is the company of which Au-
ditor Searle is said 20 be president and its
business Is TO provide agents for corpora
lions upon whom service can be had, in
conformity with the King bill and to buy
and sell property. The incorporators are
Edgar L. Culver of South Omaha and Lew
Wentworth of Omaha. Auditor Searle's
name Is not mentioned as a member Of
the corporation. The capital stock is $1,000
and shares sell for 81 each. Mr.. searl'
said he was a stakeholder in the company
and allowed the use OF his name for pres
ident to accommodate friends.
Russian Delegates in Lincoln.
AS guests of w. j. Bryan. Aladdin and
Tschaykovsky two Russian ENJOYS, wer,
entertained at the Commercial club, VISITED
Governor Sheldon and the Knights o.
Pythias and this evening spoke at 81
Paurs church. They also spoke at Uni
versity Place and at the state university
They were guests of Mr.. Bryan at dinner
Senator Tillman. on his way to the Pacih
coast stopped on and greeted the Rus
SLAMS.
Delegates to the grand lodge OF tn
knights Of Pythias gave the visitors
dramatic reception They were introduces
by Mr.. Bryan as representatives OF pro
gressive Russia. Mr.. Bryan was cheered
an ovation was given the members of tn
Duma and then three cheers were give
for the New Russia"
At the university Count Tschaykowsk
and NJ. Aladdin, who are leaders Of the lib
eral party in Russia, received a genuin
ovation from more than a thousand stu
dents, who filled every foot of availabl
space in Memorial hall When the visitor
entered. accompanied by W. ]. Bryan, III
audience arose, greeting them with ehoru
OF cheers and remained standing while tn
Russian national anthem was played o
the pipe organ by Mrs Raymond.
NJ, Aladdin, who spoke FIRST. said he wa
glad 10 speak to university students b.
cause the brightest reeolleetions of his III
we're those Of his university, days and ais
because the young students OF the Russia
universities are bearing the heaviest bur
dens and making the greatest sacrife'
$3.50 .s=3M