Omaha daily bee., 1908-06-28
ATTORNEY APPROVES PLANS
Method Of AppOrtiOning Values Helps
Number Of Cities.
RAILROAD EARNINGS INCREASE
GrOss Receipts show n FaIIing on
hut Net Earnings show n Large
Increase over Last
Year.

LINCoLNC, Neb., June T-(special Tele-
kram.)-while attorney general has not yet
given an opinion to the state board re-
garding the legality Of a division OF the
franchise and rolling stock OF railroads.
according to the mileage Of the various
lines, It issafe TO say he will approve the
proposed plan. basing his opinion on the
decision Of the supreme court which held
legal the plan Of distributing the physical
value over the lines instead OF accord
ing TO the mileage Of the system.
Secretary OF State Junkin, acting in ac-
cordance with his resolution has figured
out the values in some of the own and
cities on the main line Of the Union Pacific.
While the figures Of the secretary may not
be taken by the board It is his belief they
are approximately correct and will stand.
He has figured the franchise and rolling
stock OF the Union Pacific to be worth
So, 900 a mile. He secured this valuation
by deducting the physical value Of the
main line as found by the assessors from
the valuation Of this line by the state
board. This S63, 900 is to be apportioned
TO the several towns according to mileage.
On this basis Omaha will receive an
increase in actual value of the Union
Pacific Of IS, OO,0O0; South Omaha, $685.
600; Paplnion. $1,000; Elkhorn, 5000;
Fremont, S1Sl, 500; Valley. 10000; Column
bus, $4,000; Grand Island, $4,000: Kear-
ney. $4,000; Lodge Pole will lose, 2l,OOO;
ChAppelI will lose, 1850; Overton will lose,
$4,000; Gothenburg will lose, $4,000 The
loss or gain to these towns in the assessed
value is one fifth of the figures mentioned
or the actual value.
Big Increase in Net Earnings.
The State Railway commission has re-
ceived a report of the earnings of three Of
the big railroads for the year ending June
1, 1907, and for the nine months ending
April /, 1908. These figures show a tremend-
Gus increase in the net earnings of the
Burlington system, though a loss on the
gross earnings. From operating receipts
alone the Burlington earned for the yeAr
1907. $3.50. 4S.N each month; the average
for the nine months period amounted to
S6,Tss, 9l5. 40; the loss per month in gross
earnings was $s6.526.4Z. The net revenue
from operation for the year amounted to
1887, O06.2 20 a month; for the nine months,
$500. 1889 a month; increase, $2A, n3.l2 a
month.
The Northwestern from operation alone
earned for the year, $5,7Ss ,9l0.11 a month;
for the nine months, @,504,s24S4 a month;
loss on gross revenue, $234,975. 70; net re-
CelptS TOT Ine year. SS,OOt ,45G.lo n HlOntni
net revenue for nine months, 81, 1857, n2.6s;
loss on net revenue, sl4s, 1916 a month.
Chicago. st. Paul, Minneapolis & Omaha
revenue for the year, S1,17O, 1860 a month;
for nine months, S1,121, 975. a; loss. $4s. 261. A.
a month; net revenue for the year, $4O5.
@aa; for nine months. 1877. $685. a month;
loss net revenue, s2s. 226. 9e a month.
Taft Club Meeting.
A meeting OF the Taft club has been
called for Wednesday night at the Lindell
hotel auditorium by w. b. Rose. president.
The meeting will be addressed by Senator
Burkett and Senator Brown, Governor
Sheldon and Judge Field. who will make a
report OF their doings at the Chicago con-
vention and discuss the action of that con-
vention. This meeting is preliminary to a
big meeting to be pulled off some time
during the summer. Plans for a closer or
ganization will be discussed Wednesday
night with the object Of so closely knitting
the membership of the club that when the
time comes for action this summer the
club can rouse itself at a moments notice
and do whatever it is called upon to do.
Following the meeting Wednesday night
will come the meeting of the scandinavian
club and the Union Veterans Republican
club and other organizations, each witt
the same object-to be ready to do it's stunt
in the big fight now on.
The big rally in Lancaster county vii
not be pulled off until late in the cam.
Any in the state and frequent meetings Of