davidaulloa/AmericanStories huggingface dataset:
Imperial Valley press., 1908-05-16

of corporation, as has been already pointed out, consists of it's tangible property and it's right to do business and the total selling value of a corpor- ation is the market value of it's stock therefore to arrive at the value of the franchise of a corporation, you should ascertain the value of the stock of the corporation, subtract therefrom the value of all the property owned by the corporation, and the difference will represent the valse that must be given to the right to do business by the corporations namely the value of it's franchise.
 Therefore, it is my opinion that to arrive at the proper valuation of the franchise for assessment purposes of any corporation, and therefore of the corporations named in your communi- cakion, you must ascertain the value of all the capital stock, take there from the value of the tangible proper ty of the corporation (which tangible property should be assessed T to the corporation as any property to any in-
Imperial Valley press., 1908-05-16

fornIa vs. The City and County of San Francisco, 142 Cal 276, has gone very deeply into the doctrine of the assessment of franchises and of cor porate property and has there laid down the rule which it is necessary for assessors to follow in computing the valuation to be placed upon cor pOratiOns for the purpose of assess ment It is held there that the value represented by a corporation is com posed of two clements: First the actual tangible property of the cor poratiOn, and second the franchise of the corporation. This franchise may be of two kinds: the ordinary kind understood when we speak of fran chises is some concession which the company has which is of value to it, but in addition to this kind of fran. chisc, there is another more ultimate and incident to all corporations In the case we are considering, the Court in referring to this latter kind of franchise, says: Whenever cor poration is legally formed the right to be and exist as such and as cor poration to do business specified in it's articles, whether it. be a banking busi- ness, grocery business or the opera ton of a railroad or any other busi- ness in which individuals may engage, without grant from the state, is a grant by the Sovereign power, a valu- able right which is generally known as corporate franchise"
 Every corporation, therefore, pos sesses some sort of @ franchise and the Supreme Court has laid down in this case a rule for arriving at the value of such franchise.
 The market value of all the things of value held by corporation is rep | resented by the market value of all the stock of the corporation inasmuch as to sell a corporation, it is only nee
 essary to sell all its stock. The value
Imperial Valley press., 1908-05-16
FL CENTRO, Cal, May 13, 1908. Mr. Fred Fuller,
 County Assessor,
" ASSbSSOT,
 El Centro, Cal.

County Assessor,
 El Centro, Cal
 Dear Sir: I have your letter of May 18th, which reads as follows: Please advise me as to the proper method of assessing corporations and corporation franchises, with special references to the c. D. Co.,, Holton Power Go. and the Mutual Water Companies"
 There are two parts to your in- quiry: First, the method of assessing corporations, and second, the method of assessing corporation franchises. The answer to the latter of these two inquiries will be included in an an swer to the former, in as much as direction as to the proper method Of assessing corporations would neces- ,sarily cover a direction as to the pro- 'per method of assessing corporation franchises.
 Section 360S of the Political Code provides: provides: Shares of stock in corporation possess no intrinsic value over and above the actual value of the property of the corporation which they stand for and represent; and the assessment and taxation of such shares and also all the corporate property would be double taxation. Therefore, all property belonging to corporations save and except the pro perty of national banking associations not assessable by Federal Statute, shall be assessed and taxed. But no assessment shall be made of shares of stock in any corporation save and except in national banking associa- tions, whose property other than real estate, is exempt from assessment by Federal Statute"
 It is my opinion that the shares of stock in the mutual water companies are very different from the shares of stock of ordinary corporations, but the tsituation of these companies and their relationship to the California Develop ment Company and the Mexican Com pany presents very complicated legal question, which has not been lit igated to my knowledge, and for the purposes of the present inquiry, we will assume that stock in the mutual water companies occupies the same relationship to the companies as stock ordinarily occupies with relation to it's corporation.
 The Supreme Court in Bank of Cali
Imperial Valley press., 1908-05-16

dividuaD and the remainder will rep resent the value of the franchise which you have a right to assess in addition to the value of the property, as was held in 142 Cal. 276
 Yours very truly,
 JOHN M, ESHLEMAN,
 District Attorney.
Imperial Valley press., 1908-05-16

ter it may, will cause me to advise until am convinced that I have been in eror in my construction of the law.
 Respectfully submitted,
 JOHN M. ESHLEMAN,
 District Attorney.
Imperial Valley press., 1908-05-16
TAXING CORPORATIONS.
Reply to Assessors Request for Law
 Governing His Action.

Tn response to Assessor Fuller's re- quest, the District Attorney gives an opinion on the method to be followed in assessing the property and fran chises of water companies and other corporations. The opinion follows:
The Dawson news. (Dawson, Ga.) 1889-current, 1908-07-01
MANY WITNESSED ECLIPSE
Spectacle Sunday Morning Was I'm
usual, When Wierd GRAY
Came Over the World.

NdIue over tne w OrId.
Viewed through a bit of smoked
glass, using an ordinary watch and
making no careful note of time, the
eclipse of the sun was pulled off
Sunday exactly according to the pro-
gramme.
Dawson was on deck promptly at
the appointed hour to witness the
butting in of fair Luna, a phenome-
non which, the wise scientists tell us.
will not occur again in a hundred
years.
About 10 O'Clock the skies began
to grow wierdly gray, and the face
of the sun to be obscured. AS dur
ing the eclipse of 1900, from the be-
ginning to the end a GOODNESS Of the
air prevailed. and there was a sub
dued light, as it were as though the
sun shOne through a smoked glass.
With this dimmed light and cooled
feeling on what started out to be a
regular hot summer day one felt a
sensation of awe, Of something un-
natural But by twelve o'clock
every vestige Of the eclipse had van
ished, and the day went On just as
though nothing had occurred.
The eclipse was known as annu-
lar; that is the center of the sun
was Obscured and only it's circum-
ferences left visible
The Dawson news. (Dawson, Ga.) 1889-current, 1908-07-01
DEATH OF d. f. COLLINS.
Young Man of Exemplary Character
Answers Final Summons.

Mr.. D. E. Collins died at the home
of his parents, Mr.. and Mrs. G. r.
Collins, on Fourth avenue, Thurs
day afternoon after an illness of
three weeks with typhoid fever The
interment occurred Friday morning
in Cedar Hill cemetery after funeral
services at the Baptist church, con-
Quoted by Rev. n. B. O'Kelley.
The deceased was 10 years of age.
He was of an exemplary character,
and highly esteemed Dy all who knew
him for his christian walk, and in
tegrity.
The floral offerings were very
beautiful, especially the one sent by
the Baracca class of the Baptist
church, of which he was a member.
To the bereaved family the SYM
pathy of the entire community is
extended.
The Dawson news. (Dawson, Ga.) 1889-current, 1908-07-01
PARROTT Is PRESIDENT.
New Head of the Company Which
Operates the Dawson Compress.

Mr.. S. F. Parrot, vice-president
of the Georgia, Southern and Florida
railroad at Macon, has succeeded
Mr.. c. c. Hanson as president of the
Atlantic Compress Company, which
operates the Dawson compress to-
gether with nearly all of the other
congresses in the state.
President Hanson was recently ap-
pointed receiver for the Gulf Com
press Company, and this fact may
have had something to do with his
retirement from the Atlantic COM
pany
The Atlantic company is one of
the best known organizations of its
kind in the south. 1t operates
through Georgia and Alabama. Mr.
Hanson had been president of it since
its formation, which occurred in
1902.
The Dawson news. (Dawson, Ga.) 1889-current, 1908-07-01
FIN 4 PLENTY ON FRIDAY
WHEN THE BIG-UNs AND THE
r,TTIE-UNS CROSSED BATS.
The Greasy Pole Was Climbed Too
and Dock Bolton and Bill Kelley
Had WheelbarTOw Race.

,rl. Greasy Pole Was Climbed, 100,
.aa Dock Bolton and Bill Kelley
Had WheeIbaTOw Race.
2riday was gala day in Dawson,
al the beauty and chivalry turning
,,, To witness the different events to
D.. nnIIed off for the benefit of the
Ifhrarv. First on the programme
was baseball game between the
Eats and the Leans. or as one young
lsdv APPLY styled them, the Big
ms. and the "Little-uns. Contra
Pr 10 all laws Of nature the Little
oDs won. making the trip around
the bases nine times, while the stout
gentlemen pulled, blew and grunted
their way through eight trips. There
were several remarkable features il
the game. One of these was the
collision between the two Andrews
iii and rw'n-at first base. Both
are doing nicely and hopes are en-
teytained for their recovery. Tom
Geise poked a couple Of twO-baggers
to left. proving that he is still a
worthy son of swat Dr.. Stewart
was placed at a disadvantage both
q, the bat and in the field, owing
to the fact that while hastily dress
ing for the jambOree he neglected
DOMINIC his belt. Naturally he was
slightly nervous
After the game had gone it's full
course the spectators found that 9TH
er treats were in store for them
The first of these was a wheelbarrow
race between "Dr." Bolton and the
Hon William Kelley, the latter win
ming by the skin of his teeth.
In climbing the greasy pole Louis
Marlin proved the most adept. while
in the bag race Norman Wilkinson,
Of Chalk-eye town, raced the finish
several lengths ahead of his nearest
competitors
Quite large crowd attended the
sports the library realizing over $40
from the proceeds. The lineup in
the baseball game. emitting the
many shifts made, was as follows:
Fats-Catcher. Earl Geise; pitch
er, L. c. Hill; first base, A. j. Hill;
second base, Bill Kelley; third base,
!. H, Turner; short stop. w. R.
baldwin; left field, VIII Lewis: cen
Ter held, Doc. Bolton; right field,
DIR. Stewart.
cans Catrhar LIorr,y Hind q.
pitcher, j. NJ. Clifton; first base. Jim
Weaver; second base. John Allen;
lhlrd base, Dewitt Lee; shortstop,
Tom Geise; left field, Toney Lavely;
center field, Andrew Irwin; right
field, Tom Martin.
MI. }, NJ. Clifton arranged and
was IN charge of the afternoons fes-
llFltles, and the ladies of the Library
association are indebted to him for
handsome sum for that institution
@nu the people of Dawson for an
occasion OF much fun and enjoyment.
The Dawson news. (Dawson, Ga.) 1889-current, 1908-07-01
GRAVES GLEANINGS.

Miss Lille Dismuke has returned
from ShelIman. where she was an
attendant at the Dozier-Allen mar
riage last Thursday.
Mesdames ]. T. Waller and j. P
Grimes spent last Tuesday at the
home of Mr.. w. B. Dismuke, at
Chickasawhtchee.
Mrs. William Bussey and her
daughter, Elizabeth, of Quincy, Fla,
were the guests of Mrs. E. A. Breed
love last week.
Mr.. o. S. Mcneil and family spent
a few days last week very pleasantly
at the home of Mrs. r. K. Cobb, near
Parrott.
Mrs. n. E. Kimble and Master Will
lie Kimble of EufauIa are guests
at the home of Mr.. w. H. Dismuke.
Mr.. and Mrs. J. f. Ware and
children of carnegie are visiting at
the home of Mr.. J. D. Newman.
Mr. Summerford of Enterprise,
Ala, was a recent visitor at the
home of Mr.. j. n. Bolton.
Miss Claude Harris of Herod and
Mr. Howard Clarke of Albany visited
friends here last week,
Mrs. Mary O. Everett and Miss
Mary Lizzie Commander are visiting
relatives at Doerun.
Miss Sumner and the Misses
Bridges OF Sumner are the guests Of
Miss Irene Sem.
Miss Louise Balloon Of Georgetown
was the guest of Miss Lille Dismuke
last week
Mr. j. T. Dismuke attended the
Dozier-Allen marriage in Shellman
Thursday
Mr. and Mrs. Samuel Carter of
Richland visited relatives here Sun
day.
Mr.. and Mrs. J. E. Hamilton and
children have returned from a visit
Mr.. J. T. Grimes, who has been
on the sick list, is improving.
Mr.. Roy D. Smith of Dawson visit
ed hOmefOlks Wednesday,
Mr.. Raymond Dozier of Dawson
was here Sunday,
to Mrs. Virgil Bynum at Coffee
Springs, Ala.
The Dawson news. (Dawson, Ga.) 1889-current, 1908-07-01
SMITH NAMES WORRILL.

F"'aula Circuit Judge Will Relieve
supreme Court Judge Lumpkin.
Governor Hoke Smith signed an
.uer Monday morning designating
'use W. c. Worrill of this circuit
SIt with the supreme court in the
...1, ing OF the Neal bank case, which
We ,Li Ne argued on July 9Th. Judge
. ~ oITlII Will serve in place of Asso-
.3r justice Joseph Henry Lump
'-D. who is disqualified.
The Dawson news. (Dawson, Ga.) 1889-current, 1908-07-01
ASSESSORS COMPLETE WORK.
of City's Tax Values About
the Same As Last Year.

IIIV N"IIIC rs IlttsI VdI'
The city tax assessors, after two
weeks work, will close their books
tonight Tuesday,. The News I'M
derstands that the aggregate values
will be about the same as last year,
when the total was $1,600,000. This
is a very good showing, considering
the panic this year.
The assessors, Messrs. r. l.. Mel
ton, j. H. Davis and G.. S. Crowell,
have endeavored to equalize taxa
ton, and it has been their purpose
to list property of all at about 60
per cent. of its value. They have
been thorough and conscientious in
their work.
The Dawson news. (Dawson, Ga.) 1889-current, 1908-07-01
Encouraging News from MIR. Gunnels

Mr.. c. w Gunnels o. Brentwood,
who, recently went to AshevilIe, N,
c., writes that he is feeling much
improved, and expects to be com
pletely restored to health. Mr.. Gun
nels, who was nominated for tax col
lector in the late primary, has been
in bad health long while, and the
encouraging report from him is very
gratifying to his numerous friends.
The Dawson news. (Dawson, Ga.) 1889-current, 1908-07-01
MAN HELD. WOMEN RELEASED.
Judge Ellis Committed Henry Jack
son to Jail for Murder.

At the conclusion of the evidence
at the committal trial of Henry Jack
son and two women, who had been
arrested for killing Henry Shines on
the farm of Mr.. G. A. Kenyon in
the Twelfth district, an account of
which was printed in the last issue
of The News, Judge Ellis committed
Jackson to Jail without bail, and
discharged the two women, one OF
whom was the dead mans wife.
The Dawson news. (Dawson, Ga.) 1889-current, 1908-07-01
ARE READY FOR BIDS.
Work Will Soon Be Begun on Sum
day School Annex.

day School Annex.
The specifications of the plans
that were adopted sometime ago for
the Methodist Sunday school annex
were received from the architect
Saturday, and the building commit
tee are now ready to receive bids
for the work. This committee is
composed of B. B. Perry, }. r. Mer-
Ger, w. A. McLain, J. c. Hind and
i. Lamar
The Methodists will spend about
$4,000 in building the annex, and
putting a new roof on the church.
The Dawson news. (Dawson, Ga.) 1889-current, 1908-07-01

EnameIedware. We are closing
out what enameledware we have on
hand before getting in our FAN
stock. Prices cut away down. j..
M. Clifton Hardware Co. Phone
173.
The Dawson news. (Dawson, Ga.) 1889-current, 1908-07-01

Foley's Orino Laxative, the new
laxative, stimulates, but does not ir-
ritate. 1t is the best laxative. Guar
anteed or your money back. Daw-
son Drug Co. and Peoples Drug
Store.
The Dawson news. (Dawson, Ga.) 1889-current, 1908-07-01
ATTEMPTED BURGLARY.
Two Men Were Discovered at
Grimes Store in Graves.

At a late hour Saturday night par
ties passing along the road saw two
men run from the rear of Mr. J. 7.
Grimes store at Graves.
Mr.. Grimes was notified at his
residence, and he had the store
guarded the remainder of the night.
The Dawson news. (Dawson, Ga.) 1889-current, 1908-07-01

Are you hunting tor quail
~, If its in clothes we have
10 mere as you will quickly
s77 When you have looked
over our latest consignment
VI summer suits, and as for
prices you will find them so
small 81 that they are hard to
ind. Yours truly,
J. L. EDWARDS.
The Dawson news. (Dawson, Ga.) 1889-current, 1908-07-01

Good paints, good results That's
good logic. We want to talk S. &
w. Paint TO you. j. NJ. Clifton
Hardware Co. Phone 173.
East Oregonian : E.O. (Pendleton, OR) 1888-current, 1908-03-02
BISHOP PADDOCK IN OREGON.
Baker City Honored With FIRST Visit
Of New Church Official.

The Baker City Herald says Of the
coming of Bishop Robert L. Paddock
to that city:
Bishop Robert L. Paddock, Of the
eastern Oregon diocese Of the Episco-
pal church, will arrive in Baker City
this evening. Rector ]. N. Barry Of
the st. Stephens church. received a
telegram today bearing that informa-
ton Bishop Paddock comes from
New York and this will be his first
point in the new diocese to visit.
Tomorrow he will rest and on Sun
day he will preach in st. Stephens
church In the forenoon at 10 o'clock.
On Monday evening a reception will
be rendered the new bishop in the
Elks' hall for which a number of in
vltations have been issued.
Next Wednesday is Ash Wednesday,
beginning of the Lenten season, and
on that day services will be held by
Bishop Paddock at 10 o'clock a. m.
and and 1880 D. m.
There has already been considera-
BILE satisfaction expressed that Baker
should be honored with the first visit
of Bishop Paddock and strong hope
is expressed that he may see fit to
make this city his home.
East Oregonian : E.O. (Pendleton, OR) 1888-current, 1908-03-02

fore is declared by Grand Chancellor
Atkins. There are now S9 lodges in
that state and nearly all of them are
active and enthusiastic. Many lodges
now own their castle halls and others
are preparing to build in the near
future. Plans are now being laid for
the grand lodge session which will be
held this year at Twin Falls on June
3. Between now and that time Grand
Chancellor Atkins will make a per-
sonal visit to most Of the lodges with
in his state. He has been an active,
enthusiastic Pythian for years and
Is a popular man among the knights
OF Idaho.
In private life Grand Chancellor
Atkins is a steamboat man, being the
captain of the Steamer Spokane
which runs from Riparia to Lewis
ton. He went north at 1880 today
to catch his steamer at Riparia.
East Oregonian : E.O. (Pendleton, OR) 1888-current, 1908-03-02
CLEVER JOKE NIPPED.
j. r. Raley and Bride Sought "a
Elude Friends, But i'm Vain.

A clever attempt on the part of a
newly married pair to edude their in
terested friends was made today by
Mr.. and Mrs ]. Roy Raley, but they
were foiled In the attempt.
Mr.. and Mrs. Raley arrived home
this morning, but the fact was kept
closely guarded and the announces
ment was made that they would not
reach here until tonight. In response
to Inquiries by friends the other
members of the family all denied the
newly married pair had yet returned
and accordingly preparations were
being made to receive the happy cou-
pie this evening.
But obtaining a clew that the
newlyweds had arrived secretively
this morning, a party descended upon
the Raley home on College street to-
day and proceeded to search the
house. After a careful search from
roof to cellar the two people were
found hiding in a dark closet.
East Oregonian : E.O. (Pendleton, OR) 1888-current, 1908-03-02

Jefferson P. Brown, retired Una
tilla county farmer. died at Walla
Walla at o'clock yesterday morning.
Death came suddenly and it Is as
cribed by the doctors to the breaking
of blood vessel in the head. He
had been subject to very severe head
aches and was suffering from one
just before he was stricken.
The funeral service is to be held at
Walla Walla at o'clock tomorrow
afternoon and the burial will occur
there.
j. P. Brown was born on November
8, 1850, in Warren county, Ohio. In
1853 he moved with his parents to
Schuyler county, Illinois. When IS
years of age he moved from Illinois
to Bates county, Missouri. He came
to Umatllla county in 1875. .
During his early life the deceased
followed the carpenters trade, learn
ing it when 21 years Of age and fol-
lowing it until 1880. After that time
he devoted his time to farming in
this county, his ranch being nine miles
northeast OF Pendleton. Since he re-
tired several years ago he has been
living in Walla Walla..
On August 10, 1882, the deceased
was married at Monmouth, ILL.,. to
Miss Eleanor McGrew, and he is sur
vived by his wife and two children.
The children are Fred NJ. Brown and
Pearl Brown.
Aside from the above the deceased
leaves four brothers and two sisters.
The latter are Mrs. L. E. Hiatt Of
Portland, and Mrs. George Buzan OF
this city, while the brothers are POST
master j. T. Brown, Gideon r. Brown
and r. T. Brown, deputy county
clerk, all OF Pendleton, and Frank
Brown Of Portland.
East Oregonian : E.O. (Pendleton, OR) 1888-current, 1908-03-02
Heirs to Adams Property.

Mr.. and Mrs. A. c.. Henderson
went to Adams Wednesday where
Mr.. Henderson will spend a few days
looking UP some property that was
willed by the late w. D. Henderson
of Albany to the children of his
nephews. Cass and Lloyd Henderson,
ow this town. The property consists
of about 20 lots in that thriving little
town, 13 miles northwest of Pendle-
ton, on the o. r. & N.-Pilot Rock
Record.
East Oregonian : E.O. (Pendleton, OR) 1888-current, 1908-03-02
HANFORD MANAGER HERE.
F. Lawrence Walker Makes Arrange
ments for the Production OF can
tony and Cleopatra" on March IS

F. Lawrence Walker, the genial
manager for Charles B. Hanford, ar
rived in the city this morning from
Portland and arranged this forenoon
for the appearance Of Mr.. Hanford
and his excellent company at the
Oregon theater on Friday, March 13,
in the Shakespearian favorite, AN
tony and Cleopatra"
Hanford Is enjoying an excellent
season with his list of Shakesperian
plays and Pendleton will give him a
hearty reception as usual. "Antony
and Cleopatra" is an especially spec
tacular number and some of the
stage settings are magnificent. The
company consists of about 80 people,
all stars in their lines and this
promises to be rare treat for PEN
dleton theater goers.
Mr.. Walker left for Walla walla
at noon. where he will arrange for
the production OF Antony and Cleo
patra" on March IA.
East Oregonian : E.O. (Pendleton, OR) 1888-current, 1908-03-02
Is Now Operator at La Crosse.

Glenn Shull of this city, who left
here some time ago to be assistant
to the o. R. & N. agent at Winona,
has Just passed successful examina-
tion and has been promoted to the
position of night operator for the o.
r. & N. company at La Crosse. He
is a capable young man and was rear
ed in this city. His brother, Dean
Shull, is also employed by the o. R.
& n. company in eastern Washing
tom
East Oregonian : E.O. (Pendleton, OR) 1888-current, 1908-03-02
*++++++++**+++++|
FIRE DEsTRoYEs TWO HOMES.
Evidences of Incendiarism In Burn
ing of Lane and Fisher Houses.

In a fire that occurred early Sun
day morning two small cottages In
Byer's grove were completely de-
stroyed. The old Lane house, but
recently moved to that locality by
the Oregon Lumber company, was
burned to the ground, while little
house nearby, belonging to John
Fisher, was also burned.
The blaze started in the Lane house
and as the place was not occupied
II is believed to have been started by
an incendiary. The building was half
burned before the fire was discov-
cred. An alarm was turned In for
the central companies, but the best
fire department on earth would have
been Of little use under the circum-
stances. The old building was burn
ed to the foundation.
The old Lane house belonged to
the Oregon Lumber company and had
been moved to its new location from
College street not long ago. 1t had
been fitted up to rent and was oc-
cupled until recently. 1t was valued
by the company at $1,000 and the loss
was partly covered by insurance.