The Eureka sentinel. [volume] (Eureka, Nev.) 1902-current, 1910-11-05

important question peiore US An iueaA
form Of government equalizes the bur-
den Of taxation. With ne for example,
the farmer is assessed from As to 70 per
cent. while the railroads pay not more
than 10 per cent. At the last STATE
meeting Of county assessors 1 was &C
cused Of using the big stick bat 1t
was necessary, and I used it for the
cause of the common people. At this
meeting / succeeded in having the rail
road assessment increased to $4,000 a
mile, thereby adding 100000 to the
assessment roll. / also forced Wells
Fargo to raise from $1,000 to $50. 600,
and the Pullman Company to pay three
times as much taxes as ever before.
'In 1909 / made a fight for a valuation
Of $50, 900 o mile on the Central Pacific.
The sworn statement Of the auditor oil
the Southern Pacific Company. operat-
ing the Central Pacific, showed that the
valuation was $4,000 per mile. That
for each mile of road owned in Nevada
they earned $4,000 a mile net while
paying taxes on 81. 500 a mile. Four
Assessors in the State Board stood with
me to raise the valuation on the Cen.
trail Pacific, but the Assessor of Eu'
reka County was not n Of those four.
l believe that your best interests ; the
best interests OF Eureka County. and
| the best interests Of the State of Nevada
| demand that the Democratic nominee
for Assessor Of Eureka County be de-
feated.
"In conclusion I say, with all respect
to my opponents, Mr.. Gegax and MIR.
| Oddie, who are men OF genuine worth
and capabilities. the latter being q per-
sonal friend, vote for the man with the
best policies. Mr.. Oddie has given you
promises. while 1 have given you per
formances. I thank you"
Eureka County Bank Matters
At the conclusion Of his speech re-
garding State affairs. Governor DECKER
son said hat before ending his remark;
he had something Of a personal nature
to say to the people of Eureka regard
ing his connection. as Chairman of the
State Banking Board, and the Other
members Of the Commission with the
recent failure of the Eareka County
Bank. He said in substance that when
the Banking Board took charge of the
State banks last year they found many
OF them in a most d%eplorable condition
and that the Commission had used III
best efforts to force the officers Of thes'
banks to draw in their doubtful loan
and do more conservative banking.
Among the banks that had beer
found to be in bad condition was tn
Eureka County Bank, whose entir'
capital and very nearly all its deposit
had been loaned to the Smith Bros
and their connections on securities
most of which were Of doubtful value
The Banking Board had called tn
Smith Bros. before them aud had toll
them that if these loans were not takeI
up or materially reduced the banl
would be closed. The Smith Bros
then had a statement of their affair
made and presented to the Board, AM
made promises regarding a partial ad
justment Of their loans, but thei
promises were never carried out, and
was later found out that Oscar j. Smitl
had misrepresented the tru condition
of their affairs and other matters con
nected with the bank. The Board ha'
. not considered the Eureka County Ban
in an insolvent condition. but shaky
and believed that the Eureka Liv
Stock Company and other securities !
held would restore the bank to goo
standing. When the National Bank o
Rhyolite. another Smith Bros bank
failed, the Banking Board, anticipating
a run on the Eureka County Bank, or
dered it closed, to protect all its de
positors. Governor Dickerson said tina
he did not blame the people Of this com
munity for some of the criticism passe'
upon the Banking Board by them; tina
under the circumstances he believed
was just. but he wished to assure al
that himself and other members OF tn
Board had acted and done their bes
for the people Of the State in general il
trying TO assist and build up the dii
ferent banking institutions in Nevada
The Governor criticised the appoint
ment Of the present Receiver Of tn
Eureka County Bank, claiming tina
this position should have been filed b.
some n with a knowledge of banking
or it could not be expected that goo
results would follow; that while the dc
positors would get back most of thei
money, he was satisfied they woul
have Jared better had a man with
knowledge of banking been appointeI
as Receiver. The Governor then mad