Omaha daily bee., 1909-04-23
Nebraska

clerk had been receiving S125 per month. |
Mr.. Leese was continued at this figur
during the remaining three months OF
1907. all OF 1908 and for the first two
months OF this year. In March a bill
was pending before the legislature to
change the salary Of the clerk and Judge
Cosgrave took occasion to look up the
existing statute. He was surprised TO
find that the last previous legislature
had changed the law, taking from the
county board the power TO fix the salary
and putting the place on a flat salary
basis of 81. 200 per year. 1t was then
that he made the supplemental report
above referred to.
Judge Cosgrave was asked II he pro-
posed to repay to the county the S425
which had been overpaid out Of his own
pocket, and he replied that he did lin
the first instance He stated in reply
to a further inquiry. however. that Mr..
Leese was bonded to him in the sum of
$1,000.
Checking Up the Books.
The county commissioners this morning
agreed to Jet to II. S. Virgins of Lincoln
and the Audit and Bond Company of
America of St. Louis the contract for
auditing and checking up the books Of
the county clerk. clerk of the district
court. sheriff and the justices of the
peace at Lincoln. The auditing will be-
gin at a period eight years back and be
brought up to date.
Assessment of
Secretary Chris SchavIand OF the state
Board Of Assessment has issued the follow
ing circular to county assessors in regard
to the assessment of grain brokers or grain
dealers:
From numerous letters recently received
at this office IL is evident that there is stu
difference of opinion among some grain
brokers and assessors as to the correct
manner OF assessing the property of grain
brokers and grain companies, and l there
fore again beg leave TO call your attention
to the supreme courts definition Of the
words average capital or average
amount of capital. as used In my circular
letter OF the I'd instant.
Average capital of a grain broker, ac-
cording to such definition, is not only the
average amount of money used in buying
grain, but IL is the average OF the amount
of cash and all other property. of every
kind used in carrying on the business.
Average capital must therefore necessarily
include the real estate, IL any, and all
buildings and equipments owned and used
In carrying on the business, also the av-
erage amount OF money used in buying
grain, such average to be determined from
the last years business. but in determining
which no fixed or hard and fast rule can
be applied. But grain on hand on the list
day of April should not be considered In
determining the average amount of capital.
To illustrate the manner in which | would
proceed to assess the property of a grain
broker, consisting OF elevator with equip
ment, office building with furniture, scales,
cribs and sheds, all OF which | Will pre-
sumo I'm this case to be on leased ground,
and grain on hand amounting to $500. cash
on hand or In bank amounting to $500, and
a piece of real estate, l will give the fol-
lowing as a brief example:
II l should find that the elevator with
its equipment is worth $4,000; that the office
building with its furniture is worth 1915;
that the scales are worth SO; that the
cribs and sheds are worth $500: that the
real estate is worth 800. and that the
average amount of money used in buying
grain is 81 LOCO, the average capital used
in carrying on the business would then be
$3.50,
/ would then list for assessment the build
ings. equipments, furniture. scales and real
estate at their appraised value. which In
this case would be s. $50. l would also list
for assessment the grain on hand. valued at
$500. and the cash on hand or in bank,
amounting to 500; and in addition | would
hist the excess of the average capital
over the amount of real estate and other
tangible property. which would be $eo
This would make a total valuation of $3.50
BY deducting the value of the real estate.
$500, which is separately assessed, would
have a personal property assessment OF
II had found grain on hand amounting
to $500 instead of $500, but all. other prop
erty. including cash. to be the same as
property would have exceeded the average
capital and in that case l would not have
added anything to the value of the tangible
property.
DIR. Simmons.
At a special meeting of the Lancaster
County Medical society held this after
noon, the following resolution was ad'
opted:
Whereas. II has com TO the knowledge
oe the Lancaster County Medical society
formerly the Lincoln Medical society, tina
Dr.. George II. Simmons Of Chicago. FOL
many years a member In good standing o.
This society, is being made the object ~o
an attack affecting his reputation ant
professional standing, while a resident 81
lincoln, therefore be II.
Resolved, That the members Of this 50
cietv, many OF whom were medical prac
titioners in Lincoln during the time o.
DR.. simmons residence. hereby give ex
preston TO the esteem In which DR., Sim
mons was held, while in Lincoln, ant
hereby acknowledge the valuable service
he rendered 10 the profession here in Lin
} coin and in Nebraska, and,
Further. The society Is pleased TO plac'
Itself on record as approaching the homo
conferred on IL bv DR., m dis
} tinRiished services since his election ~
} secretary and editor of The American Medl
cal Association; and, .
Further. We trust that no action VII
he taken which will discourage the effort
, of a man who has labored SO long ana 81
l consistently in behalf of medical progress
. and the development in this country o
medical affairs.
A. d. WILKINSON President.
? J. S. WEIGH, Secretary.