The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1909-12-18

, generally all accounts covering the fin
ancial showing hereafter made in de-
tall"
To quote Mr.. Seger further, on page
20 Of his affidavit, he says:
"The total cost of the entire line of
road of said Central Pacific Railway
company, to June 80, 1907, was $2ls,'
970, 1853. O7; and the proportional amount
thereof allotted to the state Of Nevada
on mileage basis is $66, 253,187.21."
Valuation for Rate Making.
AS there are just $50 miles of the
&c. P. road in Nevada it makes the
valuation of $146,936.73 per mile. Mr..
lSeger's affidavit was introduced in tho
federal court at Carson for the pnr-
pose of showing that the Central Pa
cifc railroad was actually worth that
amount of money and that the South
ern Pacific company, lease of the
Central Pacific, was warranted in fix
ing its freight and passenger rates At
a figure that would earn a reasonable
/ return on the amount invested. 1t
the Central Pacific railroad is worth
$4,000 a mile for rate making pur
poses, what is it reasonably worth for
purposes of taxations That is a qucs
ton the state board of assessors will
be required to answer to the satisfac-
ltion of their constituents at their
meeting next month.
It is urged by the representatives OF
the Central Pacific that the valuation
of their road, for taxing purposes,
should be fixed at a figure at which
the road could be reproduced. 1t is a
ug-handled proposition, but even on
this basis of valuation the present as
sessment cannot be justified. At the
hearing before the interstate com
merce commission at Salt Lake City,
Utah, September %, 1909, in the case
of the Salt Lake Chamber of Com
merce Traffic Bureau versus the Trsns
continental railroads, for a reduction in
freight rates, Mr.. julius Kruttschnitt,
vice president and director of maintc-
nance and operation of the so-cailcd
Hartman lines, testified as to the cost
of reproducing certain of the lines of
the Hartman system. 1t is interesting
reading and I shall quote Mr.. krntt-
schnitt's exact language, taken from
the interstate commerce commission
docket No. 1862, giving the page where
the testimony may be found. On page
44S Of the docket above referred to Nj.
Kruttschnitt says:
"Passing to other items, the general
reconstruction of the Union Pacific
made in 1900 to 1902, covering 1873
miles, with proper allowance for these
different items, ran up to $4,000 a
mile. Sundry items of second tracking
on the Union Pacific run from $95, 900
to $4,000 a mile. Southern Pacific
reconstruction between Ogden and Reno,
which was put in in 1902 to 1904, en-
bracing 1923 miles, ran up to $4,000 a
mile
On pages 469-47O appears the follow.
ing questions and W
Commissioner Prouty-Let me ask a
question, No. 10, reconstruction, Ogden
Reno: that includes the bridge across
Salt Lake7
Mr.. Kruttschnitt-No, sir; l think
not.
Commissioner Prouty-323 miles
theres
Mr.. Kruttschnitt-Let me see
whether it includes it or not. ] was
under the impression that it did not.
Items Is, 16, II and 1S-from Ogden
to Reno, would include the bridge, yes.
Commissioner ~Prouty-How many
miles long is that bridget
Mr.. Kruttschnitt-I thing it is II
miles.
Commissioner Pruty-Do you re-
member what it COST
Mr.. Kruttschnitt-The bridge prop
or, no.
Mr.. Dillard-Do you remember
what the IL miles cost per milei
Mr.. Kruttschnitt-No.
Cost Of Reconstruction.
Mr.. Kruttschnitt-The mileage, how
49,. Il univ ahout 3 per cant Of the