The times and democrat. [volume] (Orangeburg, S.C.) 1881-current, 1909-12-28
JONES SLOGAN
Is lIa Taxation Without Equalization u
Saulh Carolina
FIGHTING Tay DODGERS ]:

FIGHTING TAy DODGERS lll
Tha co.. slser-eeaer1 at g
with the Ts sssament Methods
il This State y ant Poins Al An
Ne caa 70 Hava Thesa Changed
% Bis Way.
IS. W. Jonea. comptroller-geneFai
Of South Carolina has q 3 i new e! $40.
san and one which he thinks should
suaplant the famous expression q
Patrick Henry.
"No taxation without equaliza
ttoa." says the comptroller. for the
ether. mo taxation without repre-
ueatation," has passed away and II
seems to be hetiife work of MT.
Ieaes to equaltzs the taxes IN this
STATE. For twenty! years has ne ne
faaght for such q condition. .ong
before he played Into state POLL: POLL:
ttss. sssse4.'T :
He Is not aghting the corpora
ssans for n his opinion they are yet
tn assessed sss than the land of the
State. 49, = = -
aoweyer. exceptions have been been
saken to his statement az to stree
rsalVays and power eompanies-
The following u a story pu blish-
cd and an answer written by MT. &
Jeaes In newspaper style: -. !.
.The report made by Comptroller
eeaerai Jones. published vest erday,
On the assessment os The Columbia
ERectric street RailWsy Eight and I
rauer compsuy, has attracted con-
siderable attention and. ass result
same. figures in saeseRsa 81 the Rich
laad county board Of equalization to
show that the present equalization
is on returns made blythe CORPORA "a
ttoa in question ana that che as
sassment OF franchise-tHat is. the
esodwill of az corporation1t---iEs i'm m
possible p under the present law. I.
.The street railway company, &C
earding to Mr.. Gibbes. is assessed
on Z basis of $ ss.0oo'a mile and fol-
having the rule, One assessment Is
onSo per cent of this, which IS
$4,000 q mile. In addition. to this
thS earlbmentaof thsFcomaany is al
"a returned, as with other corpora
tsons, and assessed at the usual Rich
land standard, which Is, probably
as high as any county in the State.
Ber. Gibbes said thorough inVes-
tsgation was made for property val
uea.
"concerning the assessment Of the
Columbia canal. Auditor Giboes
uointed out that this came under
the supervision OF the State board
ef equalization and the judgment OF
trat body is that the canal is worth
Sl50, 900. The board. following out
the usual rule. does not tax the
ylSue Of the franchise.
.a.The figures given by Comptroller
General Jones on the local plant
sse disputed by william Elliott, gen
oral manager Of the Street Railway,
Efght and Power Company, especial
II as to earnings and gross receipts.
However, as the matter has been
fought up in this manner and will
ko gwen In the annual report OF the
comptroller, 1t is probable that some
standard will be adopted for a basis
81 valuation on franchise. At pres
ent there Is no way to determine
me: goodwill OF a public service
corporation" :"
Mr.. Jones' Reply.
"Comptroller-General Jones referr-
ing to the estimated valuation of the
property of the Columbia Electric
Street Railway, Light and Power
Company, which now owns both the
Columbia canal, formerly Of the Co
Iumbia Water Power Company and
street railway system in Columbia
and vicinity, at S3.5O0.O00.0O, and
hr. Elliott's contention that the
figures as to income are incorrect,
says, that these figures were taken
by him from the returns Of the Co
lumbia Electric Street Railway,
Light and Power Company, sworn
to by Mr.. Elliott in the spring Of
1909, as fellows:
Gross receipts from pow
er department (ca-
nall :. -. s1os,139.2S
Gross receipts from
Lighting department 10S,645.2O
Gross receipts from
Street Railway Depart
meut -. 159, 9,401.90
Aggregate income Of Co
lumbia Elec Street
Ry. L. & Power Co.. S376, 1858
"ThiS cOmDany Operatei 21.36