The Montgomery advertiser., 1908-08-15
NTANGIBLES ARE MADE UP Apparent Loss Shown
 For Year. NEARLY TWO MILLIONS LOSS
  This is Offset by Increases in the
 Tangibles. The Aggregate Assessments are s19,- 3se,z2e and wm Yield State S125,0OO--County sheets to
 Be Ready in a Week.

After wrestling with the colossal fg- ures collected by the State Tax Com mission. Secretary William R. Lloyd yes- terday arrived at the total of the in- tangible assessments for Alabama this year. They are sl9.366,726. The work which now engages the attention of Mir. Lloyd is that of operating the figures for each of the sixty-seven counties of the State and all the incorporated towns and cities therein.
 The operating is tedious and com plex job. However, the county assess ors are expected to have their sheets within the next week or ten days. That is the aim of the Secretary. To get at the quota for the counties and mu- niclpalities Is to run through maze of fractions. It Is computed on mile- age basis. If a railroad line or long distance wife projects half or quarter of a mile Into town that community is to be credited with as much of the intangible assessments as the little piece of mileage bears to the total mileage of the public service cor- poration in the entire State.
 On first blush, the total of intangi- bles this year looks like a severe turn- ble from last years heights when the State levied on $21,2S1, ,292. Apparent ly there has been a loss of S1,914.56 This Is absolutely correct as 10 the intangible valuations figured independ- ently of the tangible valuations.
 @The apparent loss of nearly $2,0oo.- n0os, said Col. Harvey D. Jones. a member of the Tax Commission. yes- terday. twill be offset by correspond- ing increase in tangible values. In fact. there may be more than a com nrneation for the loss and the total of tangible and intangible values we believe will show a few thousand del- lars increase over the combined figures of last year"
 Indeed, this very advance in tangi- blss on the same property tbat Is tax able for intangibles contributed most 70 the apparent loss in intangible assess ments. It is a natural consequence of an increase in tangible valuations with out any extension of the physical prop critics that there should be a drop In the intangible assessment even If the securities of the corporations maintain ed level price for the two years.
 Increases in TangibIes.
 Colonel Jones said yesterday that 4hts was the situation this year to large extent with many of the large corporations doing business in Ala bama. Through a long chain Of coun- ffaa the concerns have witnessed a sharp raise of their tangible valua- fions when there has been no material axtensfon or improvement of the phys- fcaI property lying in those. counties, Inasmuch as the intangible assessment therefore is computed by adding the physical valuations to the aggregate amount of stocks and bonds issued thereon and then subtraetfng therefrom the total tangible assessment, 1t IS easy to explain the apparent shortage in intangibles for the State this year.
 As an illustration given by the Com- mission yesterday. there Is the case of the Southern Bell Telephone and Telegraph Company. This large corr poration experienced a reduction this year in their intangib1es of about $40o,- 000 The State would seem to have suffered seriously from the loss of such values Investigation will prove however, that in the majority of the counties of the State this company's tax agents recently put in heavy in- crease in their tangible valuations, so much so that the total of the tangibles and intangibles of this corporation will exceed by several thousand dollars the total of last year.
 The States share of the intangibles the coming year. beginning October 1,